{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-5141.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-5141.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-5141.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-5141.html"}],"law_id":348600,"edition_id":2,"section_id":348600,"structure_id":49992,"section_number":"15.2-5141","catch_line":"Bondholder’s remedies","history":"Code 1950, \u00a7 15-764.27; 1950, p. 1328; 1962, c. 623, \u00a7 15.1-1265; 1997, c. 587; 2009, c. 473.","full_text":"Any holder of revenue bonds issued by an authority under this chapter, or of any of the coupons appertaining thereto, except to the extent the rights given by this chapter may be restricted by the resolution or trust agreement providing for the issuance of such bonds, may, either at law or in equity, by suit, mandamus or other proceeding, enforce all rights under the laws of Virginia or granted by this chapter or under such resolution or trust agreement. Such holder may also compel the performance of all duties required by this chapter or by the resolution or trust agreement to be performed by the authority or by any officer thereof, including the fixing, charging and collecting of rates, fees and charges for the use of or for the services furnished by any system.\n\n","order_by":null,"text":{"0":{"id":1299718,"text":"Any holder of revenue bonds issued by an authority under this chapter, or of any of the coupons appertaining thereto, except to the extent the rights given by this chapter may be restricted by the resolution or trust agreement providing for the issuance of such bonds, may, either at law or in equity, by suit, mandamus or other proceeding, enforce all rights under the laws of Virginia or granted by this chapter or under such resolution or trust agreement. Such holder may also compel the performance of all duties required by this chapter or by the resolution or trust agreement to be performed by the authority or by any officer thereof, including the fixing, charging and collecting of rates, fees and charges for the use of or for the services furnished by any system.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49992,"edition_id":2,"name":"Financing","identifier":"4","label":"article","depth":4,"order_by":4,"parent_id":49988,"metadata":{"child_laws":22,"child_structures":0},"date_created":"2026-08-02 02:19:31","date_modified":"2026-08-02 12:29:51","permalink":{"id":1385569,"object_type":"structure","relational_id":49992,"identifier":"4","token":"15.2\/IV\/51\/4","url":"\/15.2\/IV\/51\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49988,"edition_id":2,"name":"Virginia Water and Waste Authorities Act","identifier":"51","label":"chapter","depth":3,"order_by":9,"parent_id":49964,"metadata":{"child_laws":62,"child_structures":6},"date_created":"2026-08-02 02:19:27","date_modified":"2026-08-02 12:29:51","permalink":{"id":1385457,"object_type":"structure","relational_id":49988,"identifier":"51","token":"15.2\/IV\/51","url":"\/15.2\/IV\/51\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49964,"edition_id":2,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":49831,"metadata":{"child_laws":721,"child_structures":68},"date_created":"2026-08-02 02:19:12","date_modified":"2026-08-02 12:29:48","permalink":{"id":1384899,"object_type":"structure","relational_id":49964,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","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":348581,"structure_id":49992,"section_number":"15.2-5125","catch_line":"Issuance of revenue bonds","url":"\/15.2-5125\/","token":"15.2\/IV\/51\/4\/15.2-5125","metadata":false},{"id":348582,"structure_id":49992,"section_number":"15.2-5126","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-5126\/","token":"15.2\/IV\/51\/4\/15.2-5126","metadata":{"court_decisions":{"0":{"name":" .\u202f.\u202f. Short Pump Town Center Community Development Authority v. .\u202f.\u202f. ","case_number":"Record 010456","citation":"554 S.E.2d 441","date":"2001-11-02","url":"https:\/\/www.courtlistener.com\/opinion\/1059406\/short-pump-town-center-community-development-authority-v-hahn\/","abstract":" .\u202f.\u202f. 554 S.E.2d 441 (2001) .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"1":{"name":"Cygnus Newport-Phase 1B, LLC v. City of Portsmouth","case_number":"Record 151702","citation":"790 S.E.2d 623","date":"2016-09-22","url":"https:\/\/www.courtlistener.com\/opinion\/4258781\/cygnus-newport-phase-1b-llc-v-city-of-portsmouth\/","abstract":" .\u202f.\u202f. OPINION BY JUSTICE STEPHEN R. McCULLOUGH .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},{"id":348583,"structure_id":49992,"section_number":"15.2-5127","catch_line":"Proceeds of bonds","url":"\/15.2-5127\/","token":"15.2\/IV\/51\/4\/15.2-5127","metadata":false},{"id":348584,"structure_id":49992,"section_number":"15.2-5128","catch_line":"Interim receipts and temporary bonds; bonds mutilated, lost or destroyed","url":"\/15.2-5128\/","token":"15.2\/IV\/51\/4\/15.2-5128","metadata":false},{"id":348585,"structure_id":49992,"section_number":"15.2-5129","catch_line":"Provisions of chapter only requirements for issue","url":"\/15.2-5129\/","token":"15.2\/IV\/51\/4\/15.2-5129","metadata":false},{"id":348587,"structure_id":49992,"section_number":"15.2-5130","catch_line":"Limitations in bond resolution or trust agreement","url":"\/15.2-5130\/","token":"15.2\/IV\/51\/4\/15.2-5130","metadata":false},{"id":348588,"structure_id":49992,"section_number":"15.2-5131","catch_line":"Bonds not debts of Commonwealth or participating political subdivision","url":"\/15.2-5131\/","token":"15.2\/IV\/51\/4\/15.2-5131","metadata":false},{"id":348589,"structure_id":49992,"section_number":"15.2-5132","catch_line":"Exemption from taxation","url":"\/15.2-5132\/","token":"15.2\/IV\/51\/4\/15.2-5132","metadata":false},{"id":348590,"structure_id":49992,"section_number":"15.2-5133","catch_line":"Trust agreement; bond resolution","url":"\/15.2-5133\/","token":"15.2\/IV\/51\/4\/15.2-5133","metadata":false},{"id":348591,"structure_id":49992,"section_number":"15.2-5134","catch_line":"Disposition of unclaimed funds due on matured bonds or coupons","url":"\/15.2-5134\/","token":"15.2\/IV\/51\/4\/15.2-5134","metadata":false},{"id":348592,"structure_id":49992,"section_number":"15.2-5135","catch_line":"Contracts concerning interest rates, currency, cash flow and other basis","url":"\/15.2-5135\/","token":"15.2\/IV\/51\/4\/15.2-5135","metadata":false},{"id":348593,"structure_id":49992,"section_number":"15.2-5136","catch_line":"Rates and charges","url":"\/15.2-5136\/","token":"15.2\/IV\/51\/4\/15.2-5136","metadata":false},{"id":348594,"structure_id":49992,"section_number":"15.2-5137","catch_line":"Water and sewer connections; exceptions","url":"\/15.2-5137\/","token":"15.2\/IV\/51\/4\/15.2-5137","metadata":false},{"id":348596,"structure_id":49992,"section_number":"15.2-5138","catch_line":"Enforcement of charges","url":"\/15.2-5138\/","token":"15.2\/IV\/51\/4\/15.2-5138","metadata":false},{"id":348595,"structure_id":49992,"section_number":"15.2-5138.1","catch_line":"Enforcement of certain charges when authority does not provide water services","url":"\/15.2-5138.1\/","token":"15.2\/IV\/51\/4\/15.2-5138.1","metadata":false},{"id":348597,"structure_id":49992,"section_number":"15.2-5139","catch_line":"Lien for charges","url":"\/15.2-5139\/","token":"15.2\/IV\/51\/4\/15.2-5139","metadata":false},{"id":348599,"structure_id":49992,"section_number":"15.2-5140","catch_line":"Trust funds","url":"\/15.2-5140\/","token":"15.2\/IV\/51\/4\/15.2-5140","metadata":false},{"id":348600,"structure_id":49992,"section_number":"15.2-5141","catch_line":"Bondholder's remedies","url":"\/15.2-5141\/","token":"15.2\/IV\/51\/4\/15.2-5141","metadata":false},{"id":348601,"structure_id":49992,"section_number":"15.2-5142","catch_line":"Refunding bonds","url":"\/15.2-5142\/","token":"15.2\/IV\/51\/4\/15.2-5142","metadata":false},{"id":348602,"structure_id":49992,"section_number":"15.2-5143","catch_line":"Purchase in open market or otherwise","url":"\/15.2-5143\/","token":"15.2\/IV\/51\/4\/15.2-5143","metadata":false},{"id":348603,"structure_id":49992,"section_number":"15.2-5144","catch_line":"Investment in bonds","url":"\/15.2-5144\/","token":"15.2\/IV\/51\/4\/15.2-5144","metadata":false},{"id":348604,"structure_id":49992,"section_number":"15.2-5145","catch_line":"Financial report; authority budget; audit","url":"\/15.2-5145\/","token":"15.2\/IV\/51\/4\/15.2-5145","metadata":false}],"previous_section":{"id":348599,"structure_id":49992,"section_number":"15.2-5140","catch_line":"Trust funds","url":"\/15.2-5140\/","token":"15.2\/IV\/51\/4\/15.2-5140","metadata":false},"next_section":{"id":348601,"structure_id":49992,"section_number":"15.2-5142","catch_line":"Refunding bonds","url":"\/15.2-5142\/","token":"15.2\/IV\/51\/4\/15.2-5142","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5141\/","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 1962, chapter 623; in 1997, chapter 587<\/a>; in 2009, chapter 473<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1385639,"object_type":"law","relational_id":348600,"identifier":"15.2-5141","token":"15.2\/IV\/51\/4\/15.2-5141","url":"\/15.2-5141\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-5141\/","token":"15.2\/IV\/51\/4\/15.2-5141","dublin_core":{"Title":"Bondholder’s remedies","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5141","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any holder of revenue bonds<\/span> issued by an authority<\/span> under this chapter, or of any of the coupons appertaining thereto, except to the extent the rights given by this chapter may be restricted by the resolution or trust agreement providing for the issuance of such bonds<\/span>, may, either at law<\/span> or in equity<\/span>, by suit, mandamus or other proceeding, enforce all rights under the laws<\/span> of Virginia or granted by this chapter or under such resolution or trust agreement. Such holder may also compel the performance of all duties required by this chapter or by the resolution or trust agreement to be performed by the authority<\/span> or by any officer thereof, including the fixing, charging and collecting of rates, fees and charges for the use of or for the services furnished by any system<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBONDHOLDER’S REMEDIES (\u00a7 15.2-5141)\n\nAny holder of revenue bonds issued by an authority under this chapter, or of any\nof the coupons appertaining thereto, except to the extent the rights given by\nthis chapter may be restricted by the resolution or trust agreement providing\nfor the issuance of such bonds, may, either at law or in equity, by suit,\nmandamus or other proceeding, enforce all rights under the laws of Virginia or\ngranted by this chapter or under such resolution or trust agreement. Such holder\nmay also compel the performance of all duties required by this chapter or by the\nresolution or trust agreement to be performed by the authority or by any officer\nthereof, including the fixing, charging and collecting of rates, fees and\ncharges for the use of or for the services furnished by any system.\n\nHISTORY: Code 1950, \u00a7 15-764.27; 1950, p. 1328; 1962, c. 623, \u00a7 15.1-1265;\n1997, c. 587; 2009, c. 473.","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"}}