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Code · Virginia · Title 15.2 · Chapter 53.1

Code of Virginia § 15.2-5376. Issuance of bonds by participating localities and validation thereof.

101 words·~1 min read·/va/title-15-2/chapter-53-1/15-2-5376·

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Any participating locality may issue its general obligation bonds in the manner provided in the Public Finance Act (§ 15.2-2600 et seq.) in furtherance of the establishment, construction, or enlargement of a hospital or health center. The industrial development authority of any participating locality may issue its bonds in the manner provided in the Industrial Development and Revenue Bond Act (§ 15.2-4900 et seq.) in furtherance of the establishment, construction, enlargement, or operation of a nonprofit or not-for-profit hospital or health center with the concurrence of the governing body of the participating locality.
2007, c. 676 ; 2013, c. 660 .
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