{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/15.2-7421.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/15.2-7421.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/15.2-7421.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/15.2-7421.html"}],"law_id":349246,"edition_id":2,"section_id":349246,"structure_id":50041,"section_number":"15.2-7421","catch_line":"Agreement with Commonwealth and participating political subdivisions","history":"2014, c. 471.","full_text":"The Commonwealth and, by participating in the Authority, each participating political subdivision pledge to and agree with the holders of any bonds issued by the Authority that neither the Commonwealth nor any participating political subdivision will limit or alter the rights hereunder vested in the Authority to fulfill the terms of any agreements made with said holders or in any way impair the rights and remedies of said holders until such bonds are fully met and discharged. The Authority is authorized to include this pledge and agreement in any contract with the holders of the Authority&#8217;s bonds.\n\n","order_by":null,"text":{"0":{"id":1301643,"text":"The Commonwealth and, by participating in the Authority, each participating political subdivision pledge to and agree with the holders of any bonds issued by the Authority that neither the Commonwealth nor any participating political subdivision will limit or alter the rights hereunder vested in the Authority to fulfill the terms of any agreements made with said holders or in any way impair the rights and remedies of said holders until such bonds are fully met and discharged. The Authority is authorized to include this pledge and agreement in any contract with the holders of the Authority&#8217;s bonds.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":50041,"edition_id":2,"name":"Eastern Shore Water Access Authority","identifier":"74","label":"chapter","depth":3,"order_by":41,"parent_id":49964,"metadata":{"child_laws":26,"child_structures":0},"date_created":"2026-08-02 02:20:46","date_modified":"2026-08-02 12:29:56","permalink":{"id":1387727,"object_type":"structure","relational_id":50041,"identifier":"74","token":"15.2\/IV\/74","url":"\/15.2\/IV\/74\/","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":349223,"structure_id":50041,"section_number":"15.2-7400","catch_line":"Title","url":"\/15.2-7400\/","token":"15.2\/IV\/74\/15.2-7400","metadata":{"court_decisions":""}},{"id":349224,"structure_id":50041,"section_number":"15.2-7401","catch_line":"Creation; public purpose","url":"\/15.2-7401\/","token":"15.2\/IV\/74\/15.2-7401","metadata":false},{"id":349225,"structure_id":50041,"section_number":"15.2-7402","catch_line":"Definitions","url":"\/15.2-7402\/","token":"15.2\/IV\/74\/15.2-7402","metadata":false},{"id":349226,"structure_id":50041,"section_number":"15.2-7403","catch_line":"Participating political subdivision","url":"\/15.2-7403\/","token":"15.2\/IV\/74\/15.2-7403","metadata":{"court_decisions":{"0":{"name":"AGCS Marine Ins. Co. v. Arlington Cnty.","case_number":"Record 160221","citation":"800 S.E.2d 159","date":"2017-06-15","url":"https:\/\/www.courtlistener.com\/opinion\/4400402\/agcs-marine-ins-co-v-arlington-cnty\/","abstract":" .\u202f.\u202f. OPINION BY JUSTICE D. ARTHUR KELSEY .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"1":{"name":"AGCS Marine Ins. v. Arlington County","case_number":"160221","citation":null,"date":"2017-06-15","url":"https:\/\/www.courtlistener.com\/opinion\/4400618\/agcs-marine-ins-v-arlington-county\/","abstract":" .\u202f.\u202f. PRESENT: All the Justices .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":349227,"structure_id":50041,"section_number":"15.2-7404","catch_line":"Appointment of a board of directors","url":"\/15.2-7404\/","token":"15.2\/IV\/74\/15.2-7404","metadata":{"court_decisions":""}},{"id":349228,"structure_id":50041,"section_number":"15.2-7405","catch_line":"Organization","url":"\/15.2-7405\/","token":"15.2\/IV\/74\/15.2-7405","metadata":{"court_decisions":""}},{"id":349229,"structure_id":50041,"section_number":"15.2-7406","catch_line":"Powers","url":"\/15.2-7406\/","token":"15.2\/IV\/74\/15.2-7406","metadata":false},{"id":349230,"structure_id":50041,"section_number":"15.2-7407","catch_line":"Name of authority","url":"\/15.2-7407\/","token":"15.2\/IV\/74\/15.2-7407","metadata":{"court_decisions":""}},{"id":349231,"structure_id":50041,"section_number":"15.2-7408","catch_line":"Rules, regulations, and minimum standards","url":"\/15.2-7408\/","token":"15.2\/IV\/74\/15.2-7408","metadata":{"court_decisions":""}},{"id":349232,"structure_id":50041,"section_number":"15.2-7409","catch_line":"Reports","url":"\/15.2-7409\/","token":"15.2\/IV\/74\/15.2-7409","metadata":false},{"id":349234,"structure_id":50041,"section_number":"15.2-7410","catch_line":"Procurement","url":"\/15.2-7410\/","token":"15.2\/IV\/74\/15.2-7410","metadata":false},{"id":349235,"structure_id":50041,"section_number":"15.2-7411","catch_line":"Deposit and investment of funds","url":"\/15.2-7411\/","token":"15.2\/IV\/74\/15.2-7411","metadata":{"court_decisions":""}},{"id":349236,"structure_id":50041,"section_number":"15.2-7412","catch_line":"Authority to issue bonds","url":"\/15.2-7412\/","token":"15.2\/IV\/74\/15.2-7412","metadata":false},{"id":349237,"structure_id":50041,"section_number":"15.2-7413","catch_line":"Fees, rents, and charges","url":"\/15.2-7413\/","token":"15.2\/IV\/74\/15.2-7413","metadata":false},{"id":349238,"structure_id":50041,"section_number":"15.2-7414","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-7414\/","token":"15.2\/IV\/74\/15.2-7414","metadata":false},{"id":349239,"structure_id":50041,"section_number":"15.2-7415","catch_line":"Directors and persons executing bonds not liable thereon","url":"\/15.2-7415\/","token":"15.2\/IV\/74\/15.2-7415","metadata":{"court_decisions":""}},{"id":349240,"structure_id":50041,"section_number":"15.2-7416","catch_line":"Security for payment of bonds; default","url":"\/15.2-7416\/","token":"15.2\/IV\/74\/15.2-7416","metadata":false},{"id":349241,"structure_id":50041,"section_number":"15.2-7417","catch_line":"Taxation","url":"\/15.2-7417\/","token":"15.2\/IV\/74\/15.2-7417","metadata":false},{"id":349242,"structure_id":50041,"section_number":"15.2-7418","catch_line":"Bonds as legal investments","url":"\/15.2-7418\/","token":"15.2\/IV\/74\/15.2-7418","metadata":{"court_decisions":""}},{"id":349243,"structure_id":50041,"section_number":"15.2-7419","catch_line":"Appropriation by political subdivision","url":"\/15.2-7419\/","token":"15.2\/IV\/74\/15.2-7419","metadata":false},{"id":349245,"structure_id":50041,"section_number":"15.2-7420","catch_line":"Contracts with political subdivisions","url":"\/15.2-7420\/","token":"15.2\/IV\/74\/15.2-7420","metadata":{"court_decisions":""}},{"id":349246,"structure_id":50041,"section_number":"15.2-7421","catch_line":"Agreement with Commonwealth and participating political subdivisions","url":"\/15.2-7421\/","token":"15.2\/IV\/74\/15.2-7421","metadata":{"court_decisions":""}},{"id":349247,"structure_id":50041,"section_number":"15.2-7422","catch_line":"Liberal construction","url":"\/15.2-7422\/","token":"15.2\/IV\/74\/15.2-7422","metadata":false},{"id":349248,"structure_id":50041,"section_number":"15.2-7423","catch_line":"Application of local ordinances, service charges, and taxes upon leaseholds","url":"\/15.2-7423\/","token":"15.2\/IV\/74\/15.2-7423","metadata":false},{"id":349249,"structure_id":50041,"section_number":"15.2-7424","catch_line":"Existing contracts, leases, franchises, etc., not impaired","url":"\/15.2-7424\/","token":"15.2\/IV\/74\/15.2-7424","metadata":{"court_decisions":""}},{"id":349250,"structure_id":50041,"section_number":"15.2-7425","catch_line":"Withdrawal of membership","url":"\/15.2-7425\/","token":"15.2\/IV\/74\/15.2-7425","metadata":false}],"previous_section":{"id":349245,"structure_id":50041,"section_number":"15.2-7420","catch_line":"Contracts with political subdivisions","url":"\/15.2-7420\/","token":"15.2\/IV\/74\/15.2-7420","metadata":{"court_decisions":""}},"next_section":{"id":349247,"structure_id":50041,"section_number":"15.2-7422","catch_line":"Liberal construction","url":"\/15.2-7422\/","token":"15.2\/IV\/74\/15.2-7422","metadata":false},"metadata":{"court_decisions":""},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-7421\/","history_text":"<p>This law was first created in 2014. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?141+ful+CHAP0471\">471<\/a> 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.<\/p>","references":false,"refers_to":false,"permalink":{"id":1387813,"object_type":"law","relational_id":349246,"identifier":"15.2-7421","token":"15.2\/IV\/74\/15.2-7421","url":"\/15.2-7421\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/15.2-7421\/","token":"15.2\/IV\/74\/15.2-7421","dublin_core":{"Title":"Agreement with Commonwealth and participating political subdivisions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-7421","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The Commonwealth and, by participating in the Authority, each participating political subdivision pledge to and agree with the holders of any <span class=\"dictionary\">bonds<\/span> issued by the Authority that neither the Commonwealth nor any participating political subdivision will limit or alter the rights hereunder vested in the Authority to fulfill the terms of any agreements made with said holders or in any way impair the rights and remedies of said holders until such <span class=\"dictionary\">bonds<\/span> are fully met and discharged. The Authority is authorized to include this pledge and agreement in any <span class=\"dictionary\">contract<\/span> with the holders of the Authority&#8217;s <span class=\"dictionary\">bonds<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAGREEMENT WITH COMMONWEALTH AND PARTICIPATING POLITICAL SUBDIVISIONS (\u00a7\n15.2-7421)\n\nThe Commonwealth and, by participating in the Authority, each participating\npolitical subdivision pledge to and agree with the holders of any bonds issued\nby the Authority that neither the Commonwealth nor any participating political\nsubdivision will limit or alter the rights hereunder vested in the Authority to\nfulfill the terms of any agreements made with said holders or in any way impair\nthe rights and remedies of said holders until such bonds are fully met and\ndischarged. The Authority is authorized to include this pledge and agreement in\nany contract with the holders of the Authority&#8217;s bonds.\n\nHISTORY: 2014, c. 471.","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"}}