{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-303.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-303.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-303.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-303.html"}],"law_id":345944,"edition_id":2,"section_id":345944,"structure_id":49683,"section_number":"10.1-303","catch_line":"Revenue bonds; form and requirements","history":"Code 1950, \u00a7 10-103; 1958, c. 484; 1986, c. 498; 1988, c. 891.","full_text":"A\n\nThe Director is authorized to provide for the issuance of revenue bonds of the Commonwealth for the purpose of paying all or any part of the cost of camping and recreational facilities. The principal and interest of the bonds shall be payable solely from the special fund provided in this chapter for such payment. All bonds shall be issued and sold through the Treasury Board whose approval of each of the determinations and designations specified in subsection B of this section shall be required.\n\nB\n\nThe revenue bonds shall be dated, shall bear interest rates and be payable at times determined by the Director. The bonds shall mature no longer than thirty years from their date and may be made redeemable before maturity, at a price and under terms and conditions established by the Director prior to the issuance of the bonds. The principal and interest of bonds may be made payable in any lawful medium.\n\nC\n\nThe Director shall determine the form of the bonds, including any attached interest coupons, and shall fix the denominations of the bonds and the places of payment of principal and interest, which may be at any bank or trust company. The bonds shall be signed by the Director and the State Treasurer and shall bear the lesser seal of the Commonwealth or a facsimile thereof, and any attached coupons shall bear the facsimile signature of the Director. The bonds may be executed with the facsimile signature of the Director and the State Treasurer, in which case the bonds shall be authenticated by a corporate trustee or other authenticating agent approved by the Director. If any officer whose signature appears on the bonds or coupons ceases to be such officer before delivery of the bonds, the signature shall nevertheless be valid and sufficient for all purposes.\n\nD\n\nAll revenue bonds issued under the provisions of this chapter shall have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the Commonwealth. Such bonds and the income therefrom shall be exempt from all taxation within the Commonwealth.\n\nE\n\nThe bonds may be issued in coupon or in registered form, or both, as the Director may determine, and provision may be made for the registration of any coupon bond as to both principal and interest, and for the reconversion of any bonds registered as to both principal and interest into coupon bonds.\n\n","order_by":null,"text":{"0":{"id":1289916,"text":"The Director is authorized to provide for the issuance of revenue bonds of the Commonwealth for the purpose of paying all or any part of the cost of camping and recreational facilities. The principal and interest of the bonds shall be payable solely from the special fund provided in this chapter for such payment. All bonds shall be issued and sold through the Treasury Board whose approval of each of the determinations and designations specified in subsection B of this section shall be required.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1289917,"text":"The revenue bonds shall be dated, shall bear interest rates and be payable at times determined by the Director. The bonds shall mature no longer than thirty years from their date and may be made redeemable before maturity, at a price and under terms and conditions established by the Director prior to the issuance of the bonds. The principal and interest of bonds may be made payable in any lawful medium.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1289918,"text":"The Director shall determine the form of the bonds, including any attached interest coupons, and shall fix the denominations of the bonds and the places of payment of principal and interest, which may be at any bank or trust company. The bonds shall be signed by the Director and the State Treasurer and shall bear the lesser seal of the Commonwealth or a facsimile thereof, and any attached coupons shall bear the facsimile signature of the Director. The bonds may be executed with the facsimile signature of the Director and the State Treasurer, in which case the bonds shall be authenticated by a corporate trustee or other authenticating agent approved by the Director. If any officer whose signature appears on the bonds or coupons ceases to be such officer before delivery of the bonds, the signature shall nevertheless be valid and sufficient for all purposes.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":1289919,"text":"All revenue bonds issued under the provisions of this chapter shall have all the qualities and incidents of negotiable instruments under the negotiable instruments law of the Commonwealth. Such bonds and the income therefrom shall be exempt from all taxation within the Commonwealth.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":1289920,"text":"The bonds may be issued in coupon or in registered form, or both, as the Director may determine, and provision may be made for the registration of any coupon bond as to both principal and interest, and for the reconversion of any bonds registered as to both principal and interest into coupon bonds.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":49683,"edition_id":2,"name":"State Park Development Revenue Bond Act","identifier":"3","label":"chapter","depth":3,"order_by":4,"parent_id":49585,"metadata":{"child_laws":13,"child_structures":0},"date_created":"2026-08-02 02:13:19","date_modified":"2026-08-02 12:28:47","permalink":{"id":1370745,"object_type":"structure","relational_id":49683,"identifier":"3","token":"10.1\/I\/3","url":"\/10.1\/I\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49585,"edition_id":2,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":49584,"metadata":{"child_laws":357,"child_structures":44},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370317,"object_type":"structure","relational_id":49585,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49584,"edition_id":2,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":38,"parent_id":null,"metadata":{"child_laws":886,"child_structures":125},"date_created":"2026-08-02 02:11:52","date_modified":"2026-08-02 12:28:44","permalink":{"id":1370315,"object_type":"structure","relational_id":49584,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":345941,"structure_id":49683,"section_number":"10.1-300","catch_line":"Definitions","url":"\/10.1-300\/","token":"10.1\/I\/3\/10.1-300","metadata":false},{"id":345942,"structure_id":49683,"section_number":"10.1-301","catch_line":"General powers of Director","url":"\/10.1-301\/","token":"10.1\/I\/3\/10.1-301","metadata":false},{"id":345943,"structure_id":49683,"section_number":"10.1-302","catch_line":"Payment of cost of camping and recreational facilities","url":"\/10.1-302\/","token":"10.1\/I\/3\/10.1-302","metadata":false},{"id":345944,"structure_id":49683,"section_number":"10.1-303","catch_line":"Revenue bonds; form and requirements","url":"\/10.1-303\/","token":"10.1\/I\/3\/10.1-303","metadata":false},{"id":345945,"structure_id":49683,"section_number":"10.1-304","catch_line":"Sale and proceeds of revenue bonds; additional or temporary bonds","url":"\/10.1-304\/","token":"10.1\/I\/3\/10.1-304","metadata":false},{"id":345946,"structure_id":49683,"section_number":"10.1-305","catch_line":"Bonds not to constitute debt of Commonwealth","url":"\/10.1-305\/","token":"10.1\/I\/3\/10.1-305","metadata":false},{"id":345947,"structure_id":49683,"section_number":"10.1-306","catch_line":"Trust indenture; provisions applicable to bond resolution","url":"\/10.1-306\/","token":"10.1\/I\/3\/10.1-306","metadata":false},{"id":345948,"structure_id":49683,"section_number":"10.1-307","catch_line":"Fees and charges","url":"\/10.1-307\/","token":"10.1\/I\/3\/10.1-307","metadata":false},{"id":345949,"structure_id":49683,"section_number":"10.1-308","catch_line":"Sinking fund","url":"\/10.1-308\/","token":"10.1\/I\/3\/10.1-308","metadata":false},{"id":345950,"structure_id":49683,"section_number":"10.1-309","catch_line":"Remedies of bondholders and trustee","url":"\/10.1-309\/","token":"10.1\/I\/3\/10.1-309","metadata":false},{"id":345951,"structure_id":49683,"section_number":"10.1-310","catch_line":"All moneys received to be trust funds; disbursements","url":"\/10.1-310\/","token":"10.1\/I\/3\/10.1-310","metadata":false},{"id":345952,"structure_id":49683,"section_number":"10.1-311","catch_line":"Revenue refunding bonds","url":"\/10.1-311\/","token":"10.1\/I\/3\/10.1-311","metadata":false},{"id":345953,"structure_id":49683,"section_number":"10.1-312","catch_line":"Bonds declared legal and authorized investments","url":"\/10.1-312\/","token":"10.1\/I\/3\/10.1-312","metadata":false}],"previous_section":{"id":345943,"structure_id":49683,"section_number":"10.1-302","catch_line":"Payment of cost of camping and recreational facilities","url":"\/10.1-302\/","token":"10.1\/I\/3\/10.1-302","metadata":false},"next_section":{"id":345945,"structure_id":49683,"section_number":"10.1-304","catch_line":"Sale and proceeds of revenue bonds; additional or temporary bonds","url":"\/10.1-304\/","token":"10.1\/I\/3\/10.1-304","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-303\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1958, chapter 484; in 1986, chapter 498; in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":1370759,"object_type":"law","relational_id":345944,"identifier":"10.1-303","token":"10.1\/I\/3\/10.1-303","url":"\/10.1-303\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-303\/","token":"10.1\/I\/3\/10.1-303","dublin_core":{"Title":"Revenue bonds; form and requirements","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-303","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Director<\/span> is authorized to provide for the issuance of revenue bonds<\/span> of the Commonwealth for the purpose of paying all or any part of the cost of camping and recreational facilities<\/span>. The principal and interest of the bonds<\/span> shall be payable solely from the special fund provided in this chapter for such payment. All bonds<\/span> shall be issued and sold through the Treasury Board whose approval of each of the determinations and designations specified in subsection B of this section shall be required. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The revenue bonds<\/span> shall be dated, shall bear interest rates and be payable at times determined by the Director<\/span>. The bonds<\/span> shall mature no longer than thirty years from their date and may be made redeemable before maturity, at a price and under terms and conditions established by the Director<\/span> prior to the issuance of the bonds<\/span>. The principal and interest of bonds<\/span> may be made payable in any lawful medium. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The Director<\/span> shall determine the form of the bonds<\/span>, including any attached interest coupons, and shall fix the denominations of the bonds<\/span> and the places of payment of principal and interest, which may be at any bank or trust company. The bonds<\/span> shall be signed by the Director<\/span> and the State Treasurer and shall bear the lesser seal of the Commonwealth or a facsimile thereof, and any attached coupons shall bear the facsimile signature of the Director<\/span>. The bonds<\/span> may be executed with the facsimile signature of the Director<\/span> and the State Treasurer, in which case the bonds<\/span> shall be authenticated by a corporate trustee or other authenticating agent approved by the Director<\/span>. If any officer whose signature appears on the bonds<\/span> or coupons ceases to be such officer before delivery of the bonds<\/span>, the signature shall nevertheless be valid and sufficient for all purposes. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> All revenue bonds<\/span> issued under the provisions of this chapter shall have all the qualities and incidents of negotiable instruments under the negotiable instruments law<\/span> of the Commonwealth. Such bonds<\/span> and the income therefrom shall be exempt from all taxation within the Commonwealth. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The bonds<\/span> may be issued in coupon or in registered form, or both, as the Director<\/span> may determine, and provision may be made for the registration of any coupon bond<\/span> as to both principal and interest, and for the reconversion of any bonds<\/span> registered as to both principal and interest into coupon bonds<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREVENUE BONDS; FORM AND REQUIREMENTS (\u00a7 10.1-303)\n\nA. The Director is authorized to provide for the issuance of revenue bonds of\nthe Commonwealth for the purpose of paying all or any part of the cost of\ncamping and recreational facilities. The principal and interest of the bonds\nshall be payable solely from the special fund provided in this chapter for such\npayment. All bonds shall be issued and sold through the Treasury Board whose\napproval of each of the determinations and designations specified in subsection\nB of this section shall be required.\n\nB. The revenue bonds shall be dated, shall bear interest rates and be payable at\ntimes determined by the Director. The bonds shall mature no longer than thirty\nyears from their date and may be made redeemable before maturity, at a price and\nunder terms and conditions established by the Director prior to the issuance of\nthe bonds. The principal and interest of bonds may be made payable in any lawful\nmedium.\n\nC. The Director shall determine the form of the bonds, including any attached\ninterest coupons, and shall fix the denominations of the bonds and the places of\npayment of principal and interest, which may be at any bank or trust company.\nThe bonds shall be signed by the Director and the State Treasurer and shall bear\nthe lesser seal of the Commonwealth or a facsimile thereof, and any attached\ncoupons shall bear the facsimile signature of the Director. The bonds may be\nexecuted with the facsimile signature of the Director and the State Treasurer,\nin which case the bonds shall be authenticated by a corporate trustee or other\nauthenticating agent approved by the Director. If any officer whose signature\nappears on the bonds or coupons ceases to be such officer before delivery of the\nbonds, the signature shall nevertheless be valid and sufficient for all\npurposes.\n\nD. All revenue bonds issued under the provisions of this chapter shall have all\nthe qualities and incidents of negotiable instruments under the negotiable\ninstruments law of the Commonwealth. Such bonds and the income therefrom shall\nbe exempt from all taxation within the Commonwealth.\n\nE. The bonds may be issued in coupon or in registered form, or both, as the\nDirector may determine, and provision may be made for the registration of any\ncoupon bond as to both principal and interest, and for the reconversion of any\nbonds registered as to both principal and interest into coupon bonds.\n\nHISTORY: Code 1950, \u00a7 10-103; 1958, c. 484; 1986, c. 498; 1988, c. 891.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}