Code of Virginia
Chapter 1 - Aircraft, Airmen and Airports Generally
§ 5.1-2.12. Bonds made securities for investment and deposit

Bonds issued by the Board under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the Commonwealth and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the Commonwealth for any purpose for which the deposit of bonds or obligations of the Commonwealth is now or may hereafter be authorized by law.
1980, c. 750.

Structure Code of Virginia

Code of Virginia

Title 5.1 - Aviation

Chapter 1 - Aircraft, Airmen and Airports Generally

§ 5.1-1. (Effective until July 1, 2025) Definitions

§ 5.1-1. (Effective July 1, 2025) Definitions

§ 5.1-1.1. Creation of Department of Aviation

§ 5.1-1.2. Appointment of Director; term; vacancies

§ 5.1-1.3. Oath and bond of Director; salary

§ 5.1-1.4. Enforcement of laws, rules and regulations

§ 5.1-1.5. General powers of Department

§ 5.1-1.6. Further powers and duties of Department; State Corporation Commission to administer Chapter 9

§ 5.1-1.7. Suits to enjoin violations of title

§ 5.1-2. Repealed

§ 5.1-2.1. Virginia Aviation Commission continued as Virginia Aviation Board; membership; terms; Chairman

§ 5.1-2.2. Powers and duties of Board

§ 5.1-2.2:1. Further powers and duties of the Board

§ 5.1-2.2:2. Commercial air service plan

§ 5.1-2.2:3. Transparency and accountability in the use of Commonwealth Aviation Fund revenues

§ 5.1-2.2:4. Transparency and accountability for use of Department and Board funds

§ 5.1-2.3. Meetings of Board; quorum

§ 5.1-2.4. Repealed

§ 5.1-2.5. Eminent domain; right of entry

§ 5.1-2.6. Disposal of airport, air navigation facility or other property

§ 5.1-2.7. Revenue bonds generally

§ 5.1-2.8. Trust agreement securing bonds

§ 5.1-2.9. Rents, fees and charges for services or use of facilities; use and disposition of revenues

§ 5.1-2.10. Moneys received deemed trust funds

§ 5.1-2.11. Proceedings by bondholder or trustee to enforce rights

§ 5.1-2.12. Bonds made securities for investment and deposit

§ 5.1-2.13. Revenue refunding bonds; bonds for refunding and for cost of additional projects

§ 5.1-2.14. Contracts, leases, and other arrangements

§ 5.1-2.15. Resolutions, rules and regulations, etc.

§ 5.1-2.16. Grants or loans of public or private funds

§ 5.1-2.17. Exemptions from taxes or assessments; payments to county or city in lieu of taxes

§ 5.1-2.18. Joint agency or authority; agreements authorized; terms

§ 5.1-2.19. Same; governing body; officers and agents; powers generally

§ 5.1-2.20. Same; eminent domain

§ 5.1-2.21. Same; disposal of airport or facility

§ 5.1-2.22. Acquisition of airport previously operated by United States

§ 5.1-2.23. Board as successor to Virginia Airports Authority

§ 5.1-2.24. Applicability of certain sections

§ 5.1-3. Repealed

§ 5.1-4. Aircraft for use of Department; construction, etc., of aviation facilities by Department

§ 5.1-5. Registration of aircraft

§ 5.1-6. Repealed

§ 5.1-7. Licensing of airports and landing areas

§ 5.1-7.1. Repealed

§ 5.1-7.2. Registration of private landing areas not within five miles of commercial airport

§ 5.1-7.3. Duty of care and liability for damages of owners of private landing areas

§ 5.1-8. Repealed

§ 5.1-9. Disposition of fees

§ 5.1-9.1. Certain privately owned airports declared to be works of public improvement; exemption from local taxation authorized

§ 5.1-9.2. Contract carriers; permit and registration required

§ 5.1-9.3. Same; application for permit; fee; action of Department

§ 5.1-9.4. Repealed

§ 5.1-9.5. Contract carriers; bonds, insurance or certificate of insurance required prior to issuance of registration or permit; securities deposited in lieu thereof

§ 5.1-9.6. Same; duration and custody of bonds, etc.

§ 5.1-9.7. Same; condition of bond, etc.

§ 5.1-9.8. Same; effect of failure to give or maintain adequate security

§ 5.1-9.9. Same; duration of permits; suspension or revocation; penalty

§ 5.1-10. Repealed

§ 5.1-11. Government-owned aircraft

§ 5.1-12. Federally certificated airlines and interstate service

§ 5.1-13. Operation of aircraft while under influence of intoxicating liquors or drugs; reckless operation

§ 5.1-14. Operation of unregistered aircraft

§ 5.1-15. Operation of aircraft by unlicensed persons

§ 5.1-16. Tampering with, etc., airplanes or markings of airports, landing fields or other aeronautical facilities

§ 5.1-16.1. Misuse of licensed airports

§ 5.1-17. Use of aircraft for hunting

§ 5.1-18. Repealed

§ 5.1-20. Pilot may restrain or arrest person interfering with operation of aircraft carrying passengers for hire

§ 5.1-21. Powers of conservator of the peace conferred upon pilot

§ 5.1-21.1. Powers of conservators of the peace conferred upon airport managers or designees

§ 5.1-22. Interference with operation of aircraft; penalties; venue

§ 5.1-23. Jurisdiction of local and State Police

§ 5.1-24. Penalties

§ 5.1-25. Operation of aircraft by nonresident

§ 5.1-25.1. Permit required for erection of certain structures

§ 5.1-25.2. Application for permit; notice and hearing

§ 5.1-25.3. When permit issued or denied; conditions to issuance

§ 5.1-25.4. Injunctions