Code of Virginia § 15.2-5354. Purchase by authority.
72 words·~1 min read·
/va/title-15-2/chapter-53/15-2-5354·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority shall have the power out of any funds available therefor to purchase any bonds issued by it. Bonds payable exclusively from the revenues of a designated project or projects shall only be purchased with the revenues available therefor. All bonds so purchased shall be canceled. This section shall not apply to the redemption of bonds.
Code 1950, § 32-269; 1973, c. 462, § 15.1-1589; 1979, c. 719; 1997, c. 587.