Virginia Statutes
§ 5.1-166 — Credit of Commonwealth and political subdivisions not pledged
Virginia § 5.1-166
This text of Virginia § 5.1-166 (Credit of Commonwealth and political subdivisions not pledged) 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. § 5.1-166 (2026).
Text
Revenue bonds issued under the provisions of this act shall not constitute a debt of the Commonwealth of Virginia or of any other political subdivision thereof nor a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. Such bonds shall be payable solely from funds provided therefor from revenues. The issuance of revenue bonds under the provisions of this act shall not directly, indirectly, or contingently obligate the Commonwealth or any political subdivision thereof to the payment thereof or to the levy or pledge of any form of taxation whatever therefor. All such revenue bonds shall contain a statement on their face substantially to this effect.
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Legislative History
2001, c. 342.
Nearby Sections
15
§ 5.1-1.1
Creation of Department of Aviation§ 5.1-1.3
Oath and bond of Director; salary§ 5.1-1.5
General powers of Department§ 5.1-1.6
Further powers and duties of Department; State Corporation Commission to administer Chapter 9§ 5.1-1.7
Suits to enjoin violations of title§ 5.1-10
Repealed§ 5.1-103
Repealed§ 5.1-107
Issuance of temporary authority by Commission pending hearing on application for certificate§ 5.1-108
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Bluebook (online)
Virginia § 5.1-166, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/5.1/5.1-166.