§ 15.2-6619. Appropriation by political subdivision
Any participating political subdivision, or other political subdivision of the Commonwealth, is authorized to provide services, to donate real or personal property and to make appropriations to the Authority for the acquisition, construction, maintenance, and operation of the Authority's facilities. Any such political subdivision is hereby authorized to issue its bonds, including general obligation bonds, in the manner provided in the Public Finance Act (§ 15.2-2600 et seq.) or in any applicable municipal charter for the purpose of providing funds to be appropriated to the Authority, and such political subdivisions may enter into contracts obligating such bond proceeds to the Authority.
The Authority may agree to assume, or reimburse a participating political subdivision for any indebtedness incurred by, such participating political subdivision with respect to facilities conveyed by it to the Authority.
(2002, c. 766.)
Sections: Previous 15.2-6611 15.2-6612 15.2-6613 15.2-6614 15.2-6615 15.2-6616 15.2-6617 15.2-6618 15.2-6619 15.2-6620 15.2-6621 15.2-6622 15.2-6623 15.2-6624 15.2-6625 NextLast modified: April 16, 2009