{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-305.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-305.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-305.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-305.html"}],"law_id":345946,"edition_id":2,"section_id":345946,"structure_id":49683,"section_number":"10.1-305","catch_line":"Bonds not to constitute debt of Commonwealth","history":"Code 1950, \u00a7 10-104; 1988, c. 891.","full_text":"Revenue bonds issued under the provisions of this chapter shall not constitute a debt of the Commonwealth or a pledge of the faith and credit of the Commonwealth, but such bonds shall be payable solely from the funds provided from fees and charges. The bonds shall state on their face that the Commonwealth is not obligated to pay the bonds or the interest on them except from the special fund provided from fees and charges under this chapter, and that the faith and credit of the Commonwealth are not pledged to the payment of the principal or interest of the bonds. The issuance of revenue bonds under the provisions of this chapter shall not obligate the Commonwealth to levy or to pledge any form of taxation for the bonds or to make any appropriation for their payment, other than to appropriate available funds derived as revenue from fees and charges collected under this chapter.\n\n","order_by":null,"text":{"0":{"id":1289928,"text":"Revenue bonds issued under the provisions of this chapter shall not constitute a debt of the Commonwealth or a pledge of the faith and credit of the Commonwealth, but such bonds shall be payable solely from the funds provided from fees and charges. The bonds shall state on their face that the Commonwealth is not obligated to pay the bonds or the interest on them except from the special fund provided from fees and charges under this chapter, and that the faith and credit of the Commonwealth are not pledged to the payment of the principal or interest of the bonds. The issuance of revenue bonds under the provisions of this chapter shall not obligate the Commonwealth to levy or to pledge any form of taxation for the bonds or to make any appropriation for their payment, other than to appropriate available funds derived as revenue from fees and charges collected under this chapter.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-305\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":1370767,"object_type":"law","relational_id":345946,"identifier":"10.1-305","token":"10.1\/I\/3\/10.1-305","url":"\/10.1-305\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-305\/","token":"10.1\/I\/3\/10.1-305","dublin_core":{"Title":"Bonds not to constitute debt of Commonwealth","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-305","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Revenue <span class=\"dictionary\">bonds<\/span> issued under the provisions of this chapter shall not constitute a debt of the Commonwealth or a pledge of the faith and credit of the Commonwealth, but such <span class=\"dictionary\">bonds<\/span> shall be payable solely from the funds provided from fees and charges. The <span class=\"dictionary\">bonds<\/span> shall state on their face that the Commonwealth is not obligated to pay the <span class=\"dictionary\">bonds<\/span> or the interest on them except from the special fund provided from fees and charges under this chapter, and that the faith and credit of the Commonwealth are not pledged to the payment of the principal or interest of the <span class=\"dictionary\">bonds<\/span>. The issuance of revenue <span class=\"dictionary\">bonds<\/span> under the provisions of this chapter shall not obligate the Commonwealth to <span class=\"dictionary\">levy<\/span> or to pledge any form of taxation for the <span class=\"dictionary\">bonds<\/span> or to make any appropriation for their payment, other than to appropriate available funds derived as revenue from fees and charges collected under this chapter.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nBONDS NOT TO CONSTITUTE DEBT OF COMMONWEALTH (\u00a7 10.1-305)\n\nRevenue bonds issued under the provisions of this chapter shall not constitute a\ndebt of the Commonwealth or a pledge of the faith and credit of the\nCommonwealth, but such bonds shall be payable solely from the funds provided\nfrom fees and charges. The bonds shall state on their face that the Commonwealth\nis not obligated to pay the bonds or the interest on them except from the\nspecial fund provided from fees and charges under this chapter, and that the\nfaith and credit of the Commonwealth are not pledged to the payment of the\nprincipal or interest of the bonds. The issuance of revenue bonds under the\nprovisions of this chapter shall not obligate the Commonwealth to levy or to\npledge any form of taxation for the bonds or to make any appropriation for their\npayment, other than to appropriate available funds derived as revenue from fees\nand charges collected under this chapter.\n\nHISTORY: Code 1950, \u00a7 10-104; 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"}}