Virginia Statutes

§ 15.2-5159 — Validation of creation of authorities; bonds issued

Virginia § 15.2-5159
JurisdictionVirginia
Title 15.2COUNTIES, CITIES AND TOWNS
Subtitle IVOTHER GOVERNMENTAL ENTITIES
Ch. 51VIRGINIA WATER AND WASTE AUTHORITIES ACT
Art. 6COMMUNITY DEVELOPMENT AUTHORITIES

This text of Virginia § 15.2-5159 (Validation of creation of authorities; bonds issued) 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. § 15.2-5159 (2026).

Text

All proceedings heretofore taken with respect to the creation of a community development authority by any locality pursuant to this chapter are hereby presumed to be valid and all such authorities are presumed to be legally created. All proceedings heretofore taken by any community development authority with respect to the authorization, issuance, sale, execution, delivery, and repayment of bonds by any community development authority are presumed to be valid, and any such bonds so issued are presumed valid and legal obligations of such community development authority, enforceable in accordance with law.

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Legislative History

2009, c. 473.

Nearby Sections

15
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Bluebook (online)
Virginia § 15.2-5159, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/15.2/15.2-5159.