Any bonds issued under this chapter shall be payable only from the revenues and receipts of the hospital or health center for the acquisition, establishment or construction of which the bonds were issued and from any property the commission has made subject to a lien to secure such bonds. The bonds and other obligations of the commission shall not be a debt of any locality or of the Commonwealth, and neither the commission members nor any person executing the bonds or other obligations shall be liable personally thereon by reason of the issuance thereof.
Code 1950, § 32-285; 1950, p. 244; 1979, c. 719, § 15.1-1525; 1994, c. 759; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 52 - Hospital or Health Center Commissions
§ 15.2-5200. Creation of commission
§ 15.2-5202. When governing bodies may declare need for commission
§ 15.2-5203. Effect of adoption of resolution
§ 15.2-5204. Members of commission; quorum; compensation; expenses; removal and vacancies
§ 15.2-5205. Powers of commission
§ 15.2-5206. Appropriations to commission
§ 15.2-5207. Issuance of bonds by political subdivisions and validation thereof
§ 15.2-5208. Issuance and sale of bonds
§ 15.2-5209. Provisions to secure payment of bonds
§ 15.2-5210. Bonds made legal investments
§ 15.2-5211. Bonds payable from revenues of hospital or health centers
§ 15.2-5212. Property of commission exempt from foreclosure or execution sale and judgment lien
§ 15.2-5215. Records and reports
§ 15.2-5216. When court may enter order declaring need for commission no longer exists
§ 15.2-5217. Finality of order; effect