{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-2663.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-2663.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-2663.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-2663.html"}],"law_id":348118,"edition_id":2,"section_id":348118,"structure_id":49933,"section_number":"15.2-2663","catch_line":"Transition","history":"1991, c. 668, \u00a7 15.1-227.65; 1997, c. 587.","full_text":"If any proceedings with respect to the authorization, issuance, sale, execution or delivery of bonds have been commenced before July 1, 1991, the bonds may, at the election of the governing body of the locality issuing the bonds, be issued under the provisions of this chapter or under the provisions of law in effect immediately before July 1, 1991.\n\n","order_by":null,"text":{"0":{"id":1298359,"text":"If any proceedings with respect to the authorization, issuance, sale, execution or delivery of bonds have been commenced before July 1, 1991, the bonds may, at the election of the governing body of the locality issuing the bonds, be issued under the provisions of this chapter or under the provisions of law in effect immediately before July 1, 1991.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49933,"edition_id":2,"name":"Miscellaneous","identifier":"7","label":"article","depth":4,"order_by":7,"parent_id":49926,"metadata":{"child_laws":5,"child_structures":0},"date_created":"2026-08-02 02:18:30","date_modified":"2026-08-02 12:29:41","permalink":{"id":1383195,"object_type":"structure","relational_id":49933,"identifier":"7","token":"15.2\/II\/26\/7","url":"\/15.2\/II\/26\/7\/","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":348114,"structure_id":49933,"section_number":"15.2-2659","catch_line":"Investigation by Governor of alleged defaults; withholding state funds from defaulting locality; payment of funds withheld; receipts, reports, etc.; magisterial and school district defaults included","url":"\/15.2-2659\/","token":"15.2\/II\/26\/7\/15.2-2659","metadata":false},{"id":348115,"structure_id":49933,"section_number":"15.2-2660","catch_line":"Bonds not affected by project undertaken","url":"\/15.2-2660\/","token":"15.2\/II\/26\/7\/15.2-2660","metadata":false},{"id":348116,"structure_id":49933,"section_number":"15.2-2661","catch_line":"Provisions of chapter controlling; powers conferred are additional","url":"\/15.2-2661\/","token":"15.2\/II\/26\/7\/15.2-2661","metadata":false},{"id":348117,"structure_id":49933,"section_number":"15.2-2662","catch_line":"Validation of bonds","url":"\/15.2-2662\/","token":"15.2\/II\/26\/7\/15.2-2662","metadata":false},{"id":348118,"structure_id":49933,"section_number":"15.2-2663","catch_line":"Transition","url":"\/15.2-2663\/","token":"15.2\/II\/26\/7\/15.2-2663","metadata":false}],"previous_section":{"id":348117,"structure_id":49933,"section_number":"15.2-2662","catch_line":"Validation of bonds","url":"\/15.2-2662\/","token":"15.2\/II\/26\/7\/15.2-2662","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2663\/","history_text":"

This law was first created in 1991. The record of its establishment is cataloged in chapter 668 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\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 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1383213,"object_type":"law","relational_id":348118,"identifier":"15.2-2663","token":"15.2\/II\/26\/7\/15.2-2663","url":"\/15.2-2663\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-2663\/","token":"15.2\/II\/26\/7\/15.2-2663","dublin_core":{"Title":"Transition","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2663","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If any proceedings with respect to the authorization, issuance, sale, execution or delivery of bonds<\/span><\/span> have been commenced before July 1, 1991, the bonds<\/span><\/span> may, at the election of the governing body<\/span> of the locality<\/span> issuing the bonds<\/span><\/span>, be issued under the provisions of this chapter or under the provisions of law<\/span> in effect immediately before July 1, 1991.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTRANSITION (\u00a7 15.2-2663)\n\nIf any proceedings with respect to the authorization, issuance, sale, execution\nor delivery of bonds have been commenced before July 1, 1991, the bonds may, at\nthe election of the governing body of the locality issuing the bonds, be issued\nunder the provisions of this chapter or under the provisions of law in effect\nimmediately before July 1, 1991.\n\nHISTORY: 1991, c. 668, \u00a7 15.1-227.65; 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"}}