{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-2627.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-2627.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-2627.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-2627.html"}],"law_id":348082,"edition_id":2,"section_id":348082,"structure_id":49928,"section_number":"15.2-2627","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","history":"Code 1950, \u00a7 15-666.53; 1958, c. 640; 1962, c. 623, \u00a7 15.1-212; 1991, c. 668, \u00a7 15.1-227.28; 1997, c. 587.","full_text":"For a period of thirty days after the date of the filing with the circuit court having jurisdiction over the locality of a certified copy of the initial ordinance or resolution of the governing body of the locality authorizing the issuance of bonds, any person in interest has the right to contest the validity of the bonds, the taxes to be levied for the payment of the bonds, the rates, rents, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any revenue-producing undertaking, the pledge of the revenues of any revenue-producing undertaking, any provisions which may be recited in any ordinance, resolution, trust agreement, indenture or other instrument authorizing the issuance of bonds, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not begun within the thirty-day period, the authority to issue the bonds, the validity of the taxes or the pledge of revenues necessary to pay the bonds, the validity of any other provision contained in the ordinance, resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the bonds shall be conclusively presumed to have been legally taken and no court shall have authority to inquire into such matters and no such contest shall thereafter be instituted.\n\nUpon the delivery of any bonds reciting that they are issued pursuant to this chapter and an election held or ordinance or resolution adopted under this chapter, the bonds shall be conclusively presumed to be fully authorized by all the laws of the Commonwealth and to have been sold, executed and delivered by the locality in conformity with such laws, and the validity of the bonds shall not be questioned by a party plaintiff, a party defendant, the locality, any taxpayer of the locality, or any other interested party in any court, anything in this chapter or in any other statutes to the contrary notwithstanding.\n\n","order_by":null,"text":{"0":{"id":1298304,"text":"For a period of thirty days after the date of the filing with the circuit court having jurisdiction over the locality of a certified copy of the initial ordinance or resolution of the governing body of the locality authorizing the issuance of bonds, any person in interest has the right to contest the validity of the bonds, the taxes to be levied for the payment of the bonds, the rates, rents, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any revenue-producing undertaking, the pledge of the revenues of any revenue-producing undertaking, any provisions which may be recited in any ordinance, resolution, trust agreement, indenture or other instrument authorizing the issuance of bonds, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not begun within the thirty-day period, the authority to issue the bonds, the validity of the taxes or the pledge of revenues necessary to pay the bonds, the validity of any other provision contained in the ordinance, resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the bonds shall be conclusively presumed to have been legally taken and no court shall have authority to inquire into such matters and no such contest shall thereafter be instituted.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":""},"1":{"id":1298305,"text":"Upon the delivery of any bonds reciting that they are issued pursuant to this chapter and an election held or ordinance or resolution adopted under this chapter, the bonds shall be conclusively presumed to be fully authorized by all the laws of the Commonwealth and to have been sold, executed and delivered by the locality in conformity with such laws, and the validity of the bonds shall not be questioned by a party plaintiff, a party defendant, the locality, any taxpayer of the locality, or any other interested party in any court, anything in this chapter or in any other statutes to the contrary notwithstanding.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"prior_prefix":""}},"ancestry":[{"id":49928,"edition_id":2,"name":"Provisions Applicable to All Bonds","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":49926,"metadata":{"child_laws":28,"child_structures":0},"date_created":"2026-08-02 02:18:24","date_modified":"2026-08-02 12:29:40","permalink":{"id":1382965,"object_type":"structure","relational_id":49928,"identifier":"2","token":"15.2\/II\/26\/2","url":"\/15.2\/II\/26\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49926,"edition_id":2,"name":"Public Finance Act","identifier":"26","label":"chapter","depth":3,"order_by":21,"parent_id":49834,"metadata":{"child_laws":64,"child_structures":7},"date_created":"2026-08-02 02:18:24","date_modified":"2026-08-02 12:29:39","permalink":{"id":1382945,"object_type":"structure","relational_id":49926,"identifier":"26","token":"15.2\/II\/26","url":"\/15.2\/II\/26\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49834,"edition_id":2,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":49831,"metadata":{"child_laws":1081,"child_structures":112},"date_created":"2026-08-02 02:16:24","date_modified":"2026-08-02 12:29:25","permalink":{"id":1379371,"object_type":"structure","relational_id":49834,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49831,"edition_id":2,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":46,"parent_id":null,"metadata":{"child_laws":2297,"child_structures":225},"date_created":"2026-08-02 02:16:22","date_modified":"2026-08-02 12:29:22","permalink":{"id":1378281,"object_type":"structure","relational_id":49831,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":348059,"structure_id":49928,"section_number":"15.2-2604","catch_line":"Powers generally","url":"\/15.2-2604\/","token":"15.2\/II\/26\/2\/15.2-2604","metadata":false},{"id":348060,"structure_id":49928,"section_number":"15.2-2605","catch_line":"Collection of rents and charges; liens on real estate; discharge and enforcement of liens","url":"\/15.2-2605\/","token":"15.2\/II\/26\/2\/15.2-2605","metadata":false},{"id":348061,"structure_id":49928,"section_number":"15.2-2606","catch_line":"Public hearing before issuance of bonds","url":"\/15.2-2606\/","token":"15.2\/II\/26\/2\/15.2-2606","metadata":false},{"id":348062,"structure_id":49928,"section_number":"15.2-2607","catch_line":"Provisions which may be embodied in bond ordinances or resolution; adoption; filing copy with court","url":"\/15.2-2607\/","token":"15.2\/II\/26\/2\/15.2-2607","metadata":false},{"id":348063,"structure_id":49928,"section_number":"15.2-2608","catch_line":"Bonds for revenue-producing undertakings","url":"\/15.2-2608\/","token":"15.2\/II\/26\/2\/15.2-2608","metadata":false},{"id":348064,"structure_id":49928,"section_number":"15.2-2609","catch_line":"Covenants relating to issuance of revenue bonds","url":"\/15.2-2609\/","token":"15.2\/II\/26\/2\/15.2-2609","metadata":false},{"id":348065,"structure_id":49928,"section_number":"15.2-2610","catch_line":"Request for referendum filed with court; order for election; notice","url":"\/15.2-2610\/","token":"15.2\/II\/26\/2\/15.2-2610","metadata":false},{"id":348066,"structure_id":49928,"section_number":"15.2-2611","catch_line":"Holding of election; order authorizing bonds; authority of governing body","url":"\/15.2-2611\/","token":"15.2\/II\/26\/2\/15.2-2611","metadata":false},{"id":348067,"structure_id":49928,"section_number":"15.2-2612","catch_line":"Dating; rate of interest; maturity; denomination; place of payment","url":"\/15.2-2612\/","token":"15.2\/II\/26\/2\/15.2-2612","metadata":false},{"id":348068,"structure_id":49928,"section_number":"15.2-2613","catch_line":"Form and manner of execution; signature of person ceasing to be officer","url":"\/15.2-2613\/","token":"15.2\/II\/26\/2\/15.2-2613","metadata":false},{"id":348069,"structure_id":49928,"section_number":"15.2-2614","catch_line":"Bearer, registered or book entry form","url":"\/15.2-2614\/","token":"15.2\/II\/26\/2\/15.2-2614","metadata":false},{"id":348070,"structure_id":49928,"section_number":"15.2-2615","catch_line":"Bonds deemed negotiable instruments","url":"\/15.2-2615\/","token":"15.2\/II\/26\/2\/15.2-2615","metadata":false},{"id":348071,"structure_id":49928,"section_number":"15.2-2616","catch_line":"Interim receipts or temporary bonds exchangeable for definitive bonds","url":"\/15.2-2616\/","token":"15.2\/II\/26\/2\/15.2-2616","metadata":false},{"id":348072,"structure_id":49928,"section_number":"15.2-2617","catch_line":"Sale of bonds","url":"\/15.2-2617\/","token":"15.2\/II\/26\/2\/15.2-2617","metadata":false},{"id":348073,"structure_id":49928,"section_number":"15.2-2618","catch_line":"Disposition of proceeds; separate fund","url":"\/15.2-2618\/","token":"15.2\/II\/26\/2\/15.2-2618","metadata":false},{"id":348074,"structure_id":49928,"section_number":"15.2-2619","catch_line":"Investment of proceeds pending application to authorized purpose","url":"\/15.2-2619\/","token":"15.2\/II\/26\/2\/15.2-2619","metadata":false},{"id":348075,"structure_id":49928,"section_number":"15.2-2620","catch_line":"Bonds made legal investments","url":"\/15.2-2620\/","token":"15.2\/II\/26\/2\/15.2-2620","metadata":false},{"id":348076,"structure_id":49928,"section_number":"15.2-2621","catch_line":"Bonds mutilated, lost or destroyed","url":"\/15.2-2621\/","token":"15.2\/II\/26\/2\/15.2-2621","metadata":false},{"id":348077,"structure_id":49928,"section_number":"15.2-2622","catch_line":"Destruction of bonds and coupons after payment in full","url":"\/15.2-2622\/","token":"15.2\/II\/26\/2\/15.2-2622","metadata":false},{"id":348078,"structure_id":49928,"section_number":"15.2-2623","catch_line":"Defeasance of indebtedness; rights of owners","url":"\/15.2-2623\/","token":"15.2\/II\/26\/2\/15.2-2623","metadata":false},{"id":348079,"structure_id":49928,"section_number":"15.2-2624","catch_line":"Tax to pay principal and interest","url":"\/15.2-2624\/","token":"15.2\/II\/26\/2\/15.2-2624","metadata":false},{"id":348080,"structure_id":49928,"section_number":"15.2-2625","catch_line":"Deposit of funds; security; investment of funds","url":"\/15.2-2625\/","token":"15.2\/II\/26\/2\/15.2-2625","metadata":false},{"id":348081,"structure_id":49928,"section_number":"15.2-2626","catch_line":"Contracts concerning interest rates, currency, cash flow or other basis","url":"\/15.2-2626\/","token":"15.2\/II\/26\/2\/15.2-2626","metadata":false},{"id":348082,"structure_id":49928,"section_number":"15.2-2627","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-2627\/","token":"15.2\/II\/26\/2\/15.2-2627","metadata":false},{"id":348083,"structure_id":49928,"section_number":"15.2-2628","catch_line":"Notes in anticipation of bond issue","url":"\/15.2-2628\/","token":"15.2\/II\/26\/2\/15.2-2628","metadata":false},{"id":348084,"structure_id":49928,"section_number":"15.2-2629","catch_line":"Loans to meet appropriations for current year","url":"\/15.2-2629\/","token":"15.2\/II\/26\/2\/15.2-2629","metadata":false},{"id":348085,"structure_id":49928,"section_number":"15.2-2630","catch_line":"Loans in anticipation of federal and state funds","url":"\/15.2-2630\/","token":"15.2\/II\/26\/2\/15.2-2630","metadata":false},{"id":348086,"structure_id":49928,"section_number":"15.2-2631","catch_line":"Terms of temporary loans","url":"\/15.2-2631\/","token":"15.2\/II\/26\/2\/15.2-2631","metadata":false}],"previous_section":{"id":348081,"structure_id":49928,"section_number":"15.2-2626","catch_line":"Contracts concerning interest rates, currency, cash flow or other basis","url":"\/15.2-2626\/","token":"15.2\/II\/26\/2\/15.2-2626","metadata":false},"next_section":{"id":348083,"structure_id":49928,"section_number":"15.2-2628","catch_line":"Notes in anticipation of bond issue","url":"\/15.2-2628\/","token":"15.2\/II\/26\/2\/15.2-2628","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2627\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 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 640; in 1962, chapter 623; in 1991, chapter 668; in 1997, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?971+ful+CHAP0587\">587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1383059,"object_type":"law","relational_id":348082,"identifier":"15.2-2627","token":"15.2\/II\/26\/2\/15.2-2627","url":"\/15.2-2627\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-2627\/","token":"15.2\/II\/26\/2\/15.2-2627","dublin_core":{"Title":"Time for contesting validity of proposed bond issue; when bonds presumed valid","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2627","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>For a period of thirty days after the date of the filing with the <span class=\"dictionary\">circuit<\/span> <span class=\"dictionary\">court<\/span> having <span class=\"dictionary\">jurisdiction<\/span> over the <span class=\"dictionary\">locality<\/span> of a certified copy of the initial <span class=\"dictionary\">ordinance<\/span> or resolution of the <span class=\"dictionary\">governing body<\/span> of the <span class=\"dictionary\">locality<\/span> authorizing the issuance of <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, any person in interest has the right to contest the validity of the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, the taxes to be levied for the payment of the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, the rates, rents, fees and other charges for the services and facilities furnished by, for the use of, or in connection with, any revenue-producing undertaking, the pledge of the revenues of any revenue-producing undertaking, any provisions which may be recited in any <span class=\"dictionary\">ordinance<\/span>, resolution, trust agreement, indenture or other instrument authorizing the issuance of <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, or any matter contained in, provided for or done or to be done pursuant to the foregoing. If such contest is not begun within the thirty-day period, the authority to <span class=\"dictionary\">issue<\/span> the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, the validity of the taxes or the pledge of revenues necessary to pay the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span>, the validity of any other provision contained in the <span class=\"dictionary\">ordinance<\/span>, resolution, trust agreement, indenture or other instrument, and all proceedings in connection with the authorization and the issuance of the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> shall be conclusively presumed to have been legally taken and no <span class=\"dictionary\">court<\/span> shall have authority to inquire into such matters and no such contest shall thereafter be instituted.<\/p><p>Upon the delivery of any <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> reciting that they are issued pursuant to this chapter and an election held or <span class=\"dictionary\">ordinance<\/span> or resolution adopted under this chapter, the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> shall be conclusively presumed to be fully authorized by all the <span class=\"dictionary\">laws<\/span> of the Commonwealth and to have been sold, executed and delivered by the <span class=\"dictionary\">locality<\/span> in conformity with such <span class=\"dictionary\">laws<\/span>, and the validity of the <span class=\"dictionary\"><span class=\"dictionary\">bonds<\/span><\/span> shall not be questioned by a <span class=\"dictionary\">party<\/span> <span class=\"dictionary\">plaintiff<\/span>, a <span class=\"dictionary\">party<\/span> <span class=\"dictionary\">defendant<\/span>, the <span class=\"dictionary\">locality<\/span>, any taxpayer of the <span class=\"dictionary\">locality<\/span>, or any other interested <span class=\"dictionary\">party<\/span> in any <span class=\"dictionary\">court<\/span>, anything in this chapter or in any other <span class=\"dictionary\">statutes<\/span> to the contrary notwithstanding.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nTIME FOR CONTESTING VALIDITY OF PROPOSED BOND ISSUE; WHEN BONDS PRESUMED VALID\n(\u00a7 15.2-2627)\n\nFor a period of thirty days after the date of the filing with the circuit court\nhaving jurisdiction over the locality of a certified copy of the initial\nordinance or resolution of the governing body of the locality authorizing the\nissuance of bonds, any person in interest has the right to contest the validity\nof the bonds, the taxes to be levied for the payment of the bonds, the rates,\nrents, fees and other charges for the services and facilities furnished by, for\nthe use of, or in connection with, any revenue-producing undertaking, the pledge\nof the revenues of any revenue-producing undertaking, any provisions which may\nbe recited in any ordinance, resolution, trust agreement, indenture or other\ninstrument authorizing the issuance of bonds, or any matter contained in,\nprovided for or done or to be done pursuant to the foregoing. If such contest is\nnot begun within the thirty-day period, the authority to issue the bonds, the\nvalidity of the taxes or the pledge of revenues necessary to pay the bonds, the\nvalidity of any other provision contained in the ordinance, resolution, trust\nagreement, indenture or other instrument, and all proceedings in connection with\nthe authorization and the issuance of the bonds shall be conclusively presumed\nto have been legally taken and no court shall have authority to inquire into\nsuch matters and no such contest shall thereafter be instituted.\n\nUpon the delivery of any bonds reciting that they are issued pursuant to this\nchapter and an election held or ordinance or resolution adopted under this\nchapter, the bonds shall be conclusively presumed to be fully authorized by all\nthe laws of the Commonwealth and to have been sold, executed and delivered by\nthe locality in conformity with such laws, and the validity of the bonds shall\nnot be questioned by a party plaintiff, a party defendant, the locality, any\ntaxpayer of the locality, or any other interested party in any court, anything\nin this chapter or in any other statutes to the contrary notwithstanding.\n\nHISTORY: Code 1950, \u00a7 15-666.53; 1958, c. 640; 1962, c. 623, \u00a7 15.1-212; 1991,\nc. 668, \u00a7 15.1-227.28; 1997, c. 587.","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"}}