Virginia Statutes
§ 15.2-2634 — Limitation on amount of outstanding bonds
Virginia § 15.2-2634
JurisdictionVirginia
Title 15.2COUNTIES, CITIES AND TOWNS
Subtitle IIPOWERS OF LOCAL GOVERNMENT
Ch. 26PUBLIC FINANCE ACT
Art. 3BONDS ISSUED BY MUNICIPALITIES
This text of Virginia § 15.2-2634 (Limitation on amount of outstanding bonds) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 15.2-2634 (2026).
Text
Subject to §§ 15.2-2601 and 15.2-2635, no municipality may issue any bonds or other interest-bearing indebtedness which, including existing indebtedness, at any time exceeds ten percent of the assessed valuation of the real estate in the municipality subject to taxation, as shown by the last preceding assessment for taxes.
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Legislative History
Code 1950, § 15-666.19; 1958, c. 640; 1962, c. 623, § 15.1-176; 1971, Ex. Sess., c. 224; 1985, c. 56; 1991, c. 668, § 15.1-227.35; 1997, c. 587.
Nearby Sections
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§ 15.2-100
Charter powers not affected by title§ 15.2-102
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Name "Mount Vernon" reserved§ 15.2-104
Liens against real estate§ 15.2-107.1
Advertisement of legal notices on web sites§ 15.2-108
Repealed§ 15.2-108.1
Local fees charged to places of worship§ 15.2-109
Regulations on political campaign signs§ 15.2-1100
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Bluebook (online)
Virginia § 15.2-2634, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/15.2/15.2-2634.