Code of Virginia - Title 15.2 Counties, Cities And Towns - Section 15.2-5915 Tax revenues of the Commonwealth or any other political subdivision not pledged

§ 15.2-5915. Tax revenues of the Commonwealth or any other political subdivision not pledged

Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or any of its revenues, or the faith and credit of any other political subdivision of the Commonwealth, or any of its revenues, for the payment of any bonds. Any appropriation made pursuant to this chapter shall be made only from sales tax revenues generated from transactions taking place upon the premises of the stadium for which bonds may have been issued to pay the cost, in whole or in part.

(1996, c. 1021, § 15.1-1703; 1997, c. 587.)

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Last modified: April 2, 2009