Va. Code § 15.2-2645

Current with changes from the 2024 legislative session through ch. 845

Section 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.

Amended by Acts 1997, c. 587.

Amended by Acts 1991, c. 668, § 15.1-227.47.

Amended by Acts 1977, c. 442.

Amended by Acts 1962, c. 623, § 15.1-194.

Amended by Acts 1958, c. 640.