Virginia § 22.1-161.7 Tax to pay principal and interest on bonds

Virginia Statutes

§ 22.1-161.7 — Tax to pay principal and interest on bonds

Virginia § 22.1-161.7

Title 22.1EDUCATION

Ch. 10.1BORROWING BY SCHOOL BOARDS FROM VIRGINIA RETIREMENT SYSTEM

This text of Virginia § 22.1-161.7 (Tax to pay principal and interest on 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. § 22.1-161.7 (2026).

Text

For the payment of the principal of and the interest on any bonds issued under the provisions of this chapter, the governing body of the county, city or town is hereby authorized and required to levy and collect annually, at the same time and in the same manner as other taxes of the county, city or town are assessed, levied and collected, a tax upon all locally taxable property within the county, city or town over and above all other taxes authorized or limited by law sufficient to pay such principal and interest as the same respectively become due and payable.

Free access — add to your briefcase to read the full text and ask questions with AI

For the payment of the principal of and the interest on any bonds issued under the provisions of this chapter, the governing body of the county, city or town is hereby authorized and required to levy and collect annually, at the same time and in the same manner as other taxes of the county, city or town are assessed, levied and collected, a tax upon all locally taxable property within the county, city or town over and above all other taxes authorized or limited by law sufficient to pay such principal and interest as the same respectively become due and payable.