Code of Virginia § 15.2-2616. Interim receipts or temporary bonds exchangeable for definitive bonds.
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/va/title-15-2/chapter-26/15-2-2616·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Before the preparation of definitive bonds, the governing body of a locality may, subject to the same provisions of this chapter as are applicable to the issuance of definitive bonds, issue interim receipts or temporary bonds, exchangeable for definitive bonds when such bonds have been executed and are available for delivery.
Code 1950, § 15-666.45; 1958, c. 640; 1962, c. 623, § 15.1-204; 1991, c. 668, § 15.1-227.18; 1997, c. 587.