Public Finance Act

  1. Law
  2. Code of Virginia
  3. Counties, Cities and Towns
  4. Public Finance Act

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Section
15.2-2600

Short title

Section
15.2-2601

Chapter not to affect general, special and local acts and charters under which bonds are issued or validated

Section
15.2-2602

Definitions

Section
15.2-2603

Disposition of unclaimed funds due on matured bonds or coupons

Section
15.2-2604

Powers generally

Section
15.2-2605

Collection of rents and charges; liens on real estate; discharge and enforcement of liens

Section
15.2-2606

Public hearing before issuance of bonds

Section
15.2-2607

Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court

Section
15.2-2608

Bonds for revenue-producing undertakings

Section
15.2-2609

Covenants relating to issuance of revenue bonds

Section
15.2-2610

Request for referendum filed with court; order for election; notice

Section
15.2-2611

Holding of election; order authorizing bonds; authority of governing body

Section
15.2-2612

Dating; rate of interest; maturity; denomination; place of payment

Section
15.2-2613

Form and manner of execution; signature of person ceasing to be officer

Section
15.2-2614

Bearer, registered or book entry form

Section
15.2-2615

Bonds deemed negotiable instruments

Section
15.2-2616

Interim receipts or temporary bonds exchangeable for definitive bonds

Section
15.2-2617

Sale of bonds

Section
15.2-2618

Disposition of proceeds; separate fund

Section
15.2-2619

Investment of proceeds pending application to authorized purpose

Section
15.2-2620

Bonds made legal investments

Section
15.2-2621

Bonds mutilated, lost or destroyed

Section
15.2-2622

Destruction of bonds and coupons after payment in full

Section
15.2-2623

Defeasance of indebtedness; rights of owners

Section
15.2-2624

Tax to pay principal and interest

Section
15.2-2625

Deposit of funds; security; investment of funds

Section
15.2-2626

Contracts concerning interest rates, currency, cash flow or other basis

Section
15.2-2627

Time for contesting validity of proposed bond issue; when bonds presumed valid

Section
15.2-2628

Notes in anticipation of bond issue

Section
15.2-2629

Loans to meet appropriations for current year

Section
15.2-2630

Loans in anticipation of federal and state funds

Section
15.2-2631

Terms of temporary loans

Section
15.2-2632

Certain debts that may be contracted by city on transition from town

Section
15.2-2633

Borrowing by certain cities to pay expenses

Section
15.2-2634

Limitation on amount of outstanding bonds

Section
15.2-2635

What indebtedness not included in determining limitation

Section
15.2-2636

Ordinance or resolution to provide for issue of bonds

Section
15.2-2637

Danville to incur indebtedness only in accordance with charter

Section
15.2-2638

Powers of counties generally; approval of voters required

Section
15.2-2639

County may elect to be treated as city for issuing bonds

Section
15.2-2640

Resolution for bond issue; contents; request for bonds for school purposes

Section
15.2-2641

Subsequent resolutions

Section
15.2-2642

School district bonds

Section
15.2-2643

Authority for issuance; resolutions or ordinances

Section
15.2-2644

Issuance or exchange for indebtedness to be retired; sale and disposition of proceeds; rights of owners

Section
15.2-2645

Amount of bonds

Section
15.2-2646

Participation in funds donated by the Commonwealth

Section
15.2-2647

Expenses of authorization and issuance; agent to assist in refunding transaction

Section
15.2-2648

Purchase in open market

Section
15.2-2649

District refunding bonds

Section
15.2-2650

Article controlling as to proceedings involving validity

Section
15.2-2651

Proceeding by political subdivision to establish validity; procedure; parties defendant

Section
15.2-2652

Service by publication of motion for judgment; parties defendant

Section
15.2-2653

Contesting issuance of bonds; notice and hearing; service on member of governing body, etc.

Section
15.2-2654

Reply by party defendant; intervention by interested parties; determination of questions; orders; precedence over other business

Section
15.2-2655

Consolidation of actions or proceedings

Section
15.2-2656

(Effective until January 1, 2022) Appeals

Section
15.2-2656

(Effective January 1, 2022) Appeals

Section
15.2-2657

Decree validating bonds binding and conclusive

Section
15.2-2658

Bonds invalidated only for substantial defects, etc.; matters of form disregarded

Section
15.2-2659

Investigation by Governor of alleged defaults; withholding state funds from defaulting locality; payment of funds withheld; receipts, reports, etc.; magisterial and school district defaults included

Section
15.2-2660

Bonds not affected by project undertaken

Section
15.2-2661

Provisions of chapter controlling; powers conferred are additional

Section
15.2-2662

Validation of bonds

Section
15.2-2663

Transition