§ 15.2-3709. Special debt district
If so provided in the agreement required by § 15.2-3701, the territory constituting the former town may be a special debt district for the purpose of repaying all or part of the existing indebtedness chargeable to the town before annulment. A special tax on real property within the special debt district shall be levied for a period not exceeding twenty years. The special tax may be different from and in addition to the general tax rate throughout the entire county or counties in which the town was located.
(1992, c. 453, § 15.1-965.38; 1997, c. 587.)
Sections: Previous 15.2-3700 15.2-3701 15.2-3702 15.2-3703 15.2-3704 15.2-3705 15.2-3706 15.2-3707 15.2-3708 15.2-3709 15.2-3710 15.2-3711 15.2-3712 NextLast modified: April 16, 2009