§ 15.2-2645. Amount of bonds
No refunding bonds shall be issued in a principal amount exceeding that necessary to amortize the principal of and premium, if any, and interest on the bonds to be refunded and pay all expenses reasonably incurred in the issuance of the refunding bonds less the amount then in any sinking, escrow and other funds which are available for the payment of the principal, premium, if any, or interest on the bonds to be refunded.
(Code 1950, § 15-666.35; 1958, c. 640; 1962, c. 623, § 15.1-194; 1977, c. 442; 1991, c. 668, § 15.1-227.47; 1997, c. 587.)
Sections: Previous 15.2-2638 15.2-2639 15.2-2640 15.2-2641 15.2-2642 15.2-2643 15.2-2644 15.2-2645 15.2-2646 15.2-2647 15.2-2648 15.2-2649 15.2-2650 15.2-2651 15.2-2652 NextLast modified: April 2, 2009