Any authority having bonds outstanding on which principal, premium or interest has matured for a period of more than five years may pay any money being held to pay the matured principal, premium or interest into the general fund of the authority. Thereafter, the owners of the matured bonds may look only to the authority for payment. The authority shall maintain a record of the bonds for which the funds were held.
1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 51 - Virginia Water and Waste Authorities Act
§ 15.2-5102. One or more localities may create authority
§ 15.2-5104. Advertisement of ordinance, agreement or resolution and notice of hearing
§ 15.2-5105. Hearing; referendum
§ 15.2-5106. Voters' petition requesting agreement and referendum
§ 15.2-5107. Filing articles of incorporation
§ 15.2-5108. Issuance of certificate or charter
§ 15.2-5109. Dissolution and termination of authority
§ 15.2-5110. Amendment of articles of incorporation
§ 15.2-5111. Specification of projects
§ 15.2-5112. Joinder of another locality or authority; withdrawal from authority
§ 15.2-5113. Members of authority board; chief administrative or executive officer
§ 15.2-5114. Powers of authority
§ 15.2-5115. Same; contracts relating to use of systems
§ 15.2-5116. Same; effect of annexation
§ 15.2-5117. Same; insurance for employees
§ 15.2-5118. Powers of Authority; streetlights in King George County
§ 15.2-5119. Power to provide and operate electric energy systems
§ 15.2-5120. Powers of authority in certain counties and cities
§ 15.2-5121. Operation of refuse collection systems; displacement of private companies
§ 15.2-5122. Approval for certain water supply impoundment facilities
§ 15.2-5123. Sewage treatment plants to include certain capability
§ 15.2-5125. Issuance of revenue bonds
§ 15.2-5126. Time for contesting validity of proposed bond issue; when bonds presumed valid
§ 15.2-5127. Proceeds of bonds
§ 15.2-5128. Interim receipts and temporary bonds; bonds mutilated, lost or destroyed
§ 15.2-5129. Provisions of chapter only requirements for issue
§ 15.2-5130. Limitations in bond resolution or trust agreement
§ 15.2-5131. Bonds not debts of Commonwealth or participating political subdivision
§ 15.2-5132. Exemption from taxation
§ 15.2-5133. Trust agreement; bond resolution
§ 15.2-5134. Disposition of unclaimed funds due on matured bonds or coupons
§ 15.2-5135. Contracts concerning interest rates, currency, cash flow and other basis
§ 15.2-5136. Rates and charges
§ 15.2-5137. Water and sewer connections; exceptions
§ 15.2-5138. Enforcement of charges
§ 15.2-5138.1. Enforcement of certain charges when authority does not provide water services
§ 15.2-5141. Bondholder's remedies
§ 15.2-5143. Purchase in open market or otherwise
§ 15.2-5144. Investment in bonds
§ 15.2-5145. Financial report; authority budget; audit
§ 15.2-5146. Use of state land
§ 15.2-5148. Units may convey property
§ 15.2-5149. Interference with railroad structures
§ 15.2-5150. Creating or joining more than one authority
§ 15.2-5151. Water utilities may act as billing agents
§ 15.2-5152. Localities may consider petitions for creation of authority
§ 15.2-5153. Landowners may petition localities
§ 15.2-5154. Contents of petition
§ 15.2-5155. Ordinance or resolution creating authority
§ 15.2-5157. Recording in land records
§ 15.2-5158. Additional powers of community development authorities
§ 15.2-5159. Validation of creation of authorities; bonds issued