{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/10.1-308.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/10.1-308.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/10.1-308.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/10.1-308.html"}],"law_id":345949,"edition_id":2,"section_id":345949,"structure_id":49683,"section_number":"10.1-308","catch_line":"Sinking fund","history":"Code 1950, \u00a7 10-107; 1966, c. 41; 1988, c. 891.","full_text":"The fees, charges and revenues derived from any camping and recreational facilities subject to revenue bonds issued under the provisions of this chapter, except charges required to pay the cost of maintaining, repairing and operating such facilities and to provide fund reserves, shall be set aside in a sinking fund. The sinking fund is pledged to and charged with the payment of (i) the interest upon the bonds as it becomes due, (ii) the principal of the bonds as it becomes due, (iii) the necessary charges of paying agents for paying the interest and principal, and (iv) any premium upon bonds retired by call or purchase as provided in this chapter. The use and disposition of the sinking fund shall be subject to regulations provided in the resolution or the trust indenture. Unless otherwise provided in the resolution or trust indenture, the sinking fund shall be a fund for all such bonds without distinction or priority of one bond over another. Any moneys in the sinking fund in excess of an amount equal to one year’s interest on all bonds then outstanding may be applied to the purchase or redemption of bonds.\n\n","order_by":null,"text":{"0":{"id":1289933,"text":"The fees, charges and revenues derived from any camping and recreational facilities subject to revenue bonds issued under the provisions of this chapter, except charges required to pay the cost of maintaining, repairing and operating such facilities and to provide fund reserves, shall be set aside in a sinking fund. The sinking fund is pledged to and charged with the payment of (i) the interest upon the bonds as it becomes due, (ii) the principal of the bonds as it becomes due, (iii) the necessary charges of paying agents for paying the interest and principal, and (iv) any premium upon bonds retired by call or purchase as provided in this chapter. The use and disposition of the sinking fund shall be subject to regulations provided in the resolution or the trust indenture. Unless otherwise provided in the resolution or trust indenture, the sinking fund shall be a fund for all such bonds without distinction or priority of one bond over another. Any moneys in the sinking fund in excess of an amount equal to one year’s interest on all bonds then outstanding may be applied to the purchase or redemption of bonds.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-308\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 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 1966, chapter 41; in 1988, chapter 891.<\/p>","references":false,"refers_to":false,"permalink":{"id":1370779,"object_type":"law","relational_id":345949,"identifier":"10.1-308","token":"10.1\/I\/3\/10.1-308","url":"\/10.1-308\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/10.1-308\/","token":"10.1\/I\/3\/10.1-308","dublin_core":{"Title":"Sinking fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-308","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The fees, charges and revenues derived from any camping and recreational facilities<\/span> subject to revenue bonds<\/span> issued under the provisions of this chapter, except charges required to pay the cost of maintaining, repairing and operating such facilities and to provide fund reserves, shall be set aside in a sinking fund. The sinking fund is pledged to and charged with the payment of (i) the interest upon the bonds<\/span> as it becomes due, (ii) the principal of the bonds<\/span> as it becomes due, (iii) the necessary charges of paying agents for paying the interest and principal, and (iv) any premium upon bonds<\/span> retired by call or purchase as provided in this chapter. The use and disposition<\/span> of the sinking fund shall be subject to regulations provided in the resolution or the trust indenture. Unless otherwise provided in the resolution or trust indenture, the sinking fund shall be a fund for all such bonds<\/span> without distinction or priority of one bond<\/span> over another. Any moneys in the sinking fund in excess of an amount equal to one year’s interest on all bonds<\/span> then outstanding may be applied to the purchase or redemption<\/span> of bonds<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSINKING FUND (\u00a7 10.1-308)\n\nThe fees, charges and revenues derived from any camping and recreational\nfacilities subject to revenue bonds issued under the provisions of this chapter,\nexcept charges required to pay the cost of maintaining, repairing and operating\nsuch facilities and to provide fund reserves, shall be set aside in a sinking\nfund. The sinking fund is pledged to and charged with the payment of (i) the\ninterest upon the bonds as it becomes due, (ii) the principal of the bonds as it\nbecomes due, (iii) the necessary charges of paying agents for paying the\ninterest and principal, and (iv) any premium upon bonds retired by call or\npurchase as provided in this chapter. The use and disposition of the sinking\nfund shall be subject to regulations provided in the resolution or the trust\nindenture. Unless otherwise provided in the resolution or trust indenture, the\nsinking fund shall be a fund for all such bonds without distinction or priority\nof one bond over another. Any moneys in the sinking fund in excess of an amount\nequal to one year’s interest on all bonds then outstanding may be applied\nto the purchase or redemption of bonds.\n\nHISTORY: Code 1950, \u00a7 10-107; 1966, c. 41; 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"}}