Virginia § 5.1-42 Payment of purchase price or award for land acquired; issuance of bonds

Virginia Statutes

§ 5.1-42 — Payment of purchase price or award for land acquired; issuance of bonds

Virginia § 5.1-42

Title 5.1AVIATION

Ch. 3MUNICIPAL AND COUNTY AIRPORTS AND OTHER AIR NAVIGATION FACILITIES

Art. 2FUNDS FOR ACQUISITION, OPERATION, ETC

This text of Virginia § 5.1-42 (Payment of purchase price or award for land acquired; issuance of 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. § 5.1-42 (2026).

Text

The purchase price or award for real property acquired for an airport or landing field may be paid for by the appropriation of moneys available therefor or wholly or partly paid from the proceeds of the sale of bonds of the city, town or county as the governing body of the city, town or county shall determine. Such city, town or county is hereby authorized to issue bonds for such purpose or purposes, subject, however, to the approval of such bond issue at a referendum thereon, if such approval is a prerequisite to the issuance of bonds by any such political subdivision of the Commonwealth for public purposes generally.

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The purchase price or award for real property acquired for an airport or landing field may be paid for by the appropriation of moneys available therefor or wholly or partly paid from the proceeds of the sale of bonds of the city, town or county as the governing body of the city, town or county shall determine. Such city, town or county is hereby authorized to issue bonds for such purpose or purposes, subject, however, to the approval of such bond issue at a referendum thereon, if such approval is a prerequisite to the issuance of bonds by any such political subdivision of the Commonwealth for public purposes generally.