§ 15.2-6645. 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 of 1991 (§ 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.
(2005, c. 842.)
Sections: Previous 15.2-6637 15.2-6638 15.2-6639 15.2-6640 15.2-6641 15.2-6642 15.2-6643 15.2-6644 15.2-6645 15.2-6646 15.2-6647 15.2-6648 15.2-6649 15.2-6650 15.2-6651 NextLast modified: April 16, 2009