Insofar as the provisions of this chapter are inconsistent with the provisions of any law, the provisions of this chapter shall be controlling. The powers conferred by this chapter are in addition to the powers conferred by any other law. Bonds may be issued under this chapter for any permitted purpose notwithstanding that any other law may provide for the issuance of bonds for like purposes and without regard to the requirements, restrictions or other provisions contained in any other law. Bonds may be issued under this chapter notwithstanding any debt or other limitation prescribed by any other law. The mode and method of procedure for the issuance of bonds under this chapter need not conform to the provisions of any other law.
Bonds may be issued under the provisions of this chapter without obtaining the consent of any commission, board, bureau or agency of the Commonwealth, and without any other proceeding or the happening of any other condition or thing except those proceedings, conditions or things which are specifically required by this chapter.
Notwithstanding anything in this section to the contrary, any referendum requirement for the issuance of bonds or debt limitation contained in any charter or local or special act shall control over the provisions of this chapter after July 1, 1992.
Code 1950, § 15-666.68; 1958, c. 640; 1962, c. 623, § 15.1-227; 1991, c. 668, § 15.1-227.63; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 26 - Public Finance Act
§ 15.2-2603. Disposition of unclaimed funds due on matured bonds or coupons
§ 15.2-2606. Public hearing before issuance of bonds
§ 15.2-2608. Bonds for revenue-producing undertakings
§ 15.2-2609. Covenants relating to issuance of revenue bonds
§ 15.2-2610. Request for referendum filed with court; order for election; notice
§ 15.2-2611. Holding of election; order authorizing bonds; authority of governing body
§ 15.2-2612. Dating; rate of interest; maturity; denomination; place of payment
§ 15.2-2613. Form and manner of execution; signature of person ceasing to be officer
§ 15.2-2614. Bearer, registered or book entry form
§ 15.2-2615. Bonds deemed negotiable instruments
§ 15.2-2616. Interim receipts or temporary bonds exchangeable for definitive bonds
§ 15.2-2618. Disposition of proceeds; separate fund
§ 15.2-2619. Investment of proceeds pending application to authorized purpose
§ 15.2-2620. Bonds made legal investments
§ 15.2-2621. Bonds mutilated, lost or destroyed
§ 15.2-2622. Destruction of bonds and coupons after payment in full
§ 15.2-2623. Defeasance of indebtedness; rights of owners
§ 15.2-2624. Tax to pay principal and interest
§ 15.2-2625. Deposit of funds; security; investment of funds
§ 15.2-2626. Contracts concerning interest rates, currency, cash flow or other basis
§ 15.2-2627. Time for contesting validity of proposed bond issue; when bonds presumed valid
§ 15.2-2628. Notes in anticipation of bond issue
§ 15.2-2629. Loans to meet appropriations for current year
§ 15.2-2630. Loans in anticipation of federal and state funds
§ 15.2-2631. Terms of temporary loans
§ 15.2-2632. Certain debts that may be contracted by city on transition from town
§ 15.2-2633. Borrowing by certain cities to pay expenses
§ 15.2-2634. Limitation on amount of outstanding bonds
§ 15.2-2635. What indebtedness not included in determining limitation
§ 15.2-2636. Ordinance or resolution to provide for issue of bonds
§ 15.2-2637. Danville to incur indebtedness only in accordance with charter
§ 15.2-2638. Powers of counties generally; approval of voters required
§ 15.2-2639. County may elect to be treated as city for issuing bonds
§ 15.2-2640. Resolution for bond issue; contents; request for bonds for school purposes
§ 15.2-2641. Subsequent resolutions
§ 15.2-2642. School district bonds
§ 15.2-2643. Authority for issuance; resolutions or ordinances
§ 15.2-2646. Participation in funds donated by the Commonwealth
§ 15.2-2647. Expenses of authorization and issuance; agent to assist in refunding transaction
§ 15.2-2648. Purchase in open market
§ 15.2-2649. District refunding bonds
§ 15.2-2650. Article controlling as to proceedings involving validity
§ 15.2-2651. Proceeding by political subdivision to establish validity; procedure; parties defendant
§ 15.2-2652. Service by publication of motion for judgment; parties defendant
§ 15.2-2655. Consolidation of actions or proceedings
§ 15.2-2657. Decree validating bonds binding and conclusive
§ 15.2-2658. Bonds invalidated only for substantial defects, etc.; matters of form disregarded
§ 15.2-2660. Bonds not affected by project undertaken
§ 15.2-2661. Provisions of chapter controlling; powers conferred are additional