Revenue bonds issued under the provisions of this act shall not constitute a debt of the Commonwealth of Virginia or of any other political subdivision thereof nor a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. Such bonds shall be payable solely from funds provided therefor from revenues. The issuance of revenue bonds under the provisions of this act shall not directly, indirectly, or contingently obligate the Commonwealth or any political subdivision thereof to the payment thereof or to the levy or pledge of any form of taxation whatever therefor. All such revenue bonds shall contain a statement on their face substantially to this effect.
2001, c. 342.
Structure Code of Virginia
Chapter 10 - Metropolitan Washington Airports Authority
§ 5.1-153. Metropolitan Washington Airports Authority created
§ 5.1-154. Acquisition of airports; approval
§ 5.1-155. Membership; terms; officers
§ 5.1-156. Powers and duties of the Authority
§ 5.1-157. Authority rules and regulations; penalty
§ 5.1-159. Operation of foreign trade zone
§ 5.1-160. Acquisition of property; eminent domain
§ 5.1-164. Marketability of bonds
§ 5.1-165. Bonds as legal investments and security for public deposits
§ 5.1-166. Credit of Commonwealth and political subdivisions not pledged
§ 5.1-172. Exemption from taxation
§ 5.1-173. Jurisdiction of courts; liability for contracts and torts
§ 5.1-174. Procurement Act exemption
§ 5.1-175. Act liberally construed