{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/21-127.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/21-127.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/21-127.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/21-127.1.html"}],"law_id":353851,"edition_id":2,"section_id":353851,"structure_id":50660,"section_number":"21-127.1","catch_line":"Borrowing in anticipation of bond issue","history":"1966, c. 189; 1970, c. 124.","full_text":"a\n\nIn anticipation of the issuance of bonds under the provisions of this chapter and of the receipt of the proceeds of sale of such bonds, the governing body may on behalf of the sanitary district borrow money for the purpose for which such bonds have been authorized and within the maximum authorized amount of the bond issue. Each such loan shall mature and be paid within two years from the date of its original issue; provided, that on or after such maturity, any loan now outstanding or hereafter made may be extended from time to time, provided, further, that no such extension shall mature and be paid later than five years from the date of the original issue of said loan. The governing body may, in its discretion, retire any such loans by means of current revenues, special assessments, or other funds, in lieu of retiring them by means of bonds; provided that the maximum amount of bonds that has been authorized shall be reduced by the amount of such loans retired in such manner.\n\nb\n\nNegotiable notes or other obligations shall be issued for all moneys borrowed under subsection (a). Such notes or other obligations may be renewed from time to time and money may be borrowed upon notes or other obligations from time to time for the payment of any indebtedness evidenced thereby, but all such notes or other obligations shall mature within the time limited by said subsection (a). The issuance of such notes or other obligations and other details thereof shall be governed by the provisions of this chapter with respect to bonds insofar as the same may be applicable.\n\nc\n\nAll such notes or other obligations heretofore issued on behalf of a sanitary district and proceedings had in connection therewith which conform to this section are hereby ratified, validated and confirmed and declared to be legal and as fully binding obligations as if issued under this section.\n\n","order_by":null,"text":{"0":{"id":1318206,"text":"In anticipation of the issuance of bonds under the provisions of this chapter and of the receipt of the proceeds of sale of such bonds, the governing body may on behalf of the sanitary district borrow money for the purpose for which such bonds have been authorized and within the maximum authorized amount of the bond issue. Each such loan shall mature and be paid within two years from the date of its original issue; provided, that on or after such maturity, any loan now outstanding or hereafter made may be extended from time to time, provided, further, that no such extension shall mature and be paid later than five years from the date of the original issue of said loan. The governing body may, in its discretion, retire any such loans by means of current revenues, special assessments, or other funds, in lieu of retiring them by means of bonds; provided that the maximum amount of bonds that has been authorized shall be reduced by the amount of such loans retired in such manner.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":1318207,"text":"Negotiable notes or other obligations shall be issued for all moneys borrowed under subsection (a). Such notes or other obligations may be renewed from time to time and money may be borrowed upon notes or other obligations from time to time for the payment of any indebtedness evidenced thereby, but all such notes or other obligations shall mature within the time limited by said subsection (a). The issuance of such notes or other obligations and other details thereof shall be governed by the provisions of this chapter with respect to bonds insofar as the same may be applicable.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"2":{"id":1318208,"text":"All such notes or other obligations heretofore issued on behalf of a sanitary district and proceedings had in connection therewith which conform to this section are hereby ratified, validated and confirmed and declared to be legal and as fully binding obligations as if issued under this section.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b"}},"ancestry":[{"id":50660,"edition_id":2,"name":"Bonds of Sanitary Districts","identifier":"2","label":"article","depth":3,"order_by":2,"parent_id":50658,"metadata":{"child_laws":30,"child_structures":0},"date_created":"2026-08-02 02:30:53","date_modified":"2026-08-02 12:30:54","permalink":{"id":1406591,"object_type":"structure","relational_id":50660,"identifier":"2","token":"21\/2\/2","url":"\/21\/2\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50658,"edition_id":2,"name":"Sanitary Districts","identifier":"2","label":"chapter","depth":2,"order_by":2,"parent_id":50656,"metadata":{"child_laws":58,"child_structures":2},"date_created":"2026-08-02 02:30:49","date_modified":"2026-08-02 12:30:54","permalink":{"id":1406475,"object_type":"structure","relational_id":50658,"identifier":"2","token":"21\/2","url":"\/21\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":50656,"edition_id":2,"name":"Drainage, Soil Conservation, Sanitation and Public Facilities Districts","identifier":"21","label":"title","depth":1,"order_by":58,"parent_id":null,"metadata":{"child_laws":358,"child_structures":25},"date_created":"2026-08-02 02:30:49","date_modified":"2026-08-02 12:30:54","permalink":{"id":1406467,"object_type":"structure","relational_id":50656,"identifier":"21","token":"21","url":"\/21\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":353846,"structure_id":50660,"section_number":"21-122","catch_line":"Authority to issue bonds; limitation of amount","url":"\/21-122\/","token":"21\/2\/2\/21-122","metadata":false},{"id":353845,"structure_id":50660,"section_number":"21-122.1","catch_line":"Bonds for special purpose; no election required","url":"\/21-122.1\/","token":"21\/2\/2\/21-122.1","metadata":false},{"id":353847,"structure_id":50660,"section_number":"21-123","catch_line":"Order requiring election","url":"\/21-123\/","token":"21\/2\/2\/21-123","metadata":false},{"id":353848,"structure_id":50660,"section_number":"21-124","catch_line":"Conduct of election; canvass of returns, etc","url":"\/21-124\/","token":"21\/2\/2\/21-124","metadata":{"court_decisions":{"0":{"name":"Bashe Yousuf v. Mohamed Samantar","case_number":"11-1479","citation":"699 F.3d 763","date":"2012-11-02","url":"https:\/\/www.courtlistener.com\/opinion\/811209\/bashe-yousuf-v-mohamed-samantar\/","abstract":" .\u202f.\u202f. OPINION .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"1":{"name":"Real Truth About Obama, Inc. v. Federal Election Commission","case_number":"08-1977","citation":"575 F.3d 342","date":"2009-08-05","url":"https:\/\/www.courtlistener.com\/opinion\/1029672\/real-truth-about-obama-inc-v-federal-election-commission\/","abstract":" .\u202f.\u202f. 575 F.3d 342 (2009) .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"2":{"name":"Best Medical Belgium, Inc. v. Kingdom of Belgium","case_number":"Case No. 1:12-cv-471 (GBL\/TRJ)","citation":"913 F. Supp. 2d 230","date":"2012-12-20","url":"https:\/\/www.courtlistener.com\/opinion\/8721492\/best-medical-belgium-inc-v-kingdom-of-belgium\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION AND ORDER .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"3":{"name":"Warfaa v. Ali","case_number":"No. 1:05cv701 (LMB\/JFA)","citation":"33 F. Supp. 3d 653","date":"2014-07-29","url":"https:\/\/www.courtlistener.com\/opinion\/7307690\/warfaa-v-ali\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"4":{"name":"Liberty University, Inc. v. Geithner","case_number":"6:10-cv-00015-nkm","citation":"753 F. Supp. 2d 611","date":"2010-11-30","url":"https:\/\/www.courtlistener.com\/opinion\/2476661\/liberty-university-inc-v-geithner\/","abstract":" .\u202f.\u202f. 753 F.Supp.2d 611 (2010) .\u202f.\u202f. ","court_html":"District Court, W.D. Virginia"},"5":{"name":"In Re Xe Services Alien Tort Litigation","case_number":"1:09cv615, 1:09cv616, 1:09cv617, 1:09cv618, 1:09cv645","citation":"665 F. Supp. 2d 569","date":"2009-10-21","url":"https:\/\/www.courtlistener.com\/opinion\/1668479\/in-re-xe-services-alien-tort-litigation\/","abstract":" .\u202f.\u202f. 665 F.Supp.2d 569 (2009) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"6":{"name":"Al-Marri v. Pucciarelli","case_number":"06-7427","citation":"534 F.3d 213","date":"2008-07-15","url":"https:\/\/www.courtlistener.com\/opinion\/1026199\/al-marri-v-pucciarelli\/","abstract":" .\u202f.\u202f. DIANA GRIBBON MOTZ, Circuit Judge, .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"7":{"name":"Wallihan v. Hughes","case_number":"Record 4225","citation":"196 Va. 117","date":"1954-06-21","url":"https:\/\/www.courtlistener.com\/opinion\/1282592\/wallihan-v-hughes\/","abstract":" .\u202f.\u202f. 196 Va. 117 (1954) .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},{"id":353849,"structure_id":50660,"section_number":"21-125","catch_line":"Procedure after election","url":"\/21-125\/","token":"21\/2\/2\/21-125","metadata":false},{"id":353850,"structure_id":50660,"section_number":"21-126","catch_line":"Inquiry into election and returns","url":"\/21-126\/","token":"21\/2\/2\/21-126","metadata":false},{"id":353852,"structure_id":50660,"section_number":"21-127","catch_line":"Amount of bonds","url":"\/21-127\/","token":"21\/2\/2\/21-127","metadata":false},{"id":353851,"structure_id":50660,"section_number":"21-127.1","catch_line":"Borrowing in anticipation of bond issue","url":"\/21-127.1\/","token":"21\/2\/2\/21-127.1","metadata":false},{"id":353853,"structure_id":50660,"section_number":"21-128","catch_line":"Failure or refusal to issue bonds","url":"\/21-128\/","token":"21\/2\/2\/21-128","metadata":false},{"id":353854,"structure_id":50660,"section_number":"21-129","catch_line":"Agents for sale of bonds","url":"\/21-129\/","token":"21\/2\/2\/21-129","metadata":false},{"id":353856,"structure_id":50660,"section_number":"21-130","catch_line":"Form of bonds","url":"\/21-130\/","token":"21\/2\/2\/21-130","metadata":false},{"id":353855,"structure_id":50660,"section_number":"21-130.1","catch_line":"Bonds mutilated, lost or destroyed","url":"\/21-130.1\/","token":"21\/2\/2\/21-130.1","metadata":false},{"id":353857,"structure_id":50660,"section_number":"21-131","catch_line":"Delivery to treasurer","url":"\/21-131\/","token":"21\/2\/2\/21-131","metadata":false},{"id":353858,"structure_id":50660,"section_number":"21-132","catch_line":"Liability of treasurer","url":"\/21-132\/","token":"21\/2\/2\/21-132","metadata":false},{"id":353859,"structure_id":50660,"section_number":"21-133","catch_line":"Cost of giving surety on additional bond or bonds required","url":"\/21-133\/","token":"21\/2\/2\/21-133","metadata":false},{"id":353863,"structure_id":50660,"section_number":"21-134","catch_line":"Deposit of proceeds","url":"\/21-134\/","token":"21\/2\/2\/21-134","metadata":false},{"id":353860,"structure_id":50660,"section_number":"21-134.01","catch_line":"Allocation of county funds to sanitary districts","url":"\/21-134.01\/","token":"21\/2\/2\/21-134.01","metadata":false},{"id":353861,"structure_id":50660,"section_number":"21-134.1","catch_line":"Reimbursement of county for advances to sanitary district","url":"\/21-134.1\/","token":"21\/2\/2\/21-134.1","metadata":false},{"id":353862,"structure_id":50660,"section_number":"21-134.2","catch_line":"Validation of advances to sanitary district","url":"\/21-134.2\/","token":"21\/2\/2\/21-134.2","metadata":false},{"id":353864,"structure_id":50660,"section_number":"21-135","catch_line":"Insolvency of depository","url":"\/21-135\/","token":"21\/2\/2\/21-135","metadata":false},{"id":353865,"structure_id":50660,"section_number":"21-136","catch_line":"Bond of depository","url":"\/21-136\/","token":"21\/2\/2\/21-136","metadata":false},{"id":353868,"structure_id":50660,"section_number":"21-137","catch_line":"Repealed","url":"\/21-137\/","token":"21\/2\/2\/21-137","metadata":false},{"id":353866,"structure_id":50660,"section_number":"21-137.1","catch_line":"Payment of interest on and maintenance of sinking fund for term bonds; tax levy; what constitutes \"term bonds\" and \"serial bonds.\"","url":"\/21-137.1\/","token":"21\/2\/2\/21-137.1","metadata":false},{"id":353867,"structure_id":50660,"section_number":"21-137.2","catch_line":"Payment of interest on serial bonds; no sinking fund required; tax levy; use of excess revenues","url":"\/21-137.2\/","token":"21\/2\/2\/21-137.2","metadata":false},{"id":353869,"structure_id":50660,"section_number":"21-138","catch_line":"Same; levy of tax","url":"\/21-138\/","token":"21\/2\/2\/21-138","metadata":false},{"id":353870,"structure_id":50660,"section_number":"21-139","catch_line":"Laws continued in effect","url":"\/21-139\/","token":"21\/2\/2\/21-139","metadata":false},{"id":353874,"structure_id":50660,"section_number":"21-140","catch_line":"Validation of proceedings","url":"\/21-140\/","token":"21\/2\/2\/21-140","metadata":false},{"id":353871,"structure_id":50660,"section_number":"21-140.1","catch_line":"Further validation of proceedings","url":"\/21-140.1\/","token":"21\/2\/2\/21-140.1","metadata":false},{"id":353872,"structure_id":50660,"section_number":"21-140.2","catch_line":"Additional validation of proceedings","url":"\/21-140.2\/","token":"21\/2\/2\/21-140.2","metadata":false},{"id":353873,"structure_id":50660,"section_number":"21-140.3","catch_line":"Validation of certain bonds","url":"\/21-140.3\/","token":"21\/2\/2\/21-140.3","metadata":false}],"previous_section":{"id":353852,"structure_id":50660,"section_number":"21-127","catch_line":"Amount of bonds","url":"\/21-127\/","token":"21\/2\/2\/21-127","metadata":false},"next_section":{"id":353853,"structure_id":50660,"section_number":"21-128","catch_line":"Failure or refusal to issue bonds","url":"\/21-128\/","token":"21\/2\/2\/21-128","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/21-127.1\/","history_text":"

This law was first created in 1966. The record of its establishment is cataloged in chapter 189 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 1966 \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 1970, chapter 124.<\/p>","references":false,"refers_to":false,"permalink":{"id":1406621,"object_type":"law","relational_id":353851,"identifier":"21-127.1","token":"21\/2\/2\/21-127.1","url":"\/21-127.1\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/21-127.1\/","token":"21\/2\/2\/21-127.1","dublin_core":{"Title":"Borrowing in anticipation of bond issue","Type":"Text","Format":"text\/html","Identifier":"\u00a7 21-127.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> In anticipation of the issuance of bonds<\/span> under the provisions of this chapter and of the receipt of the proceeds of sale of such bonds<\/span>, the governing body may on behalf of the sanitary district borrow money for the purpose for which such bonds<\/span> have been authorized and within the maximum authorized amount of the bond<\/span> issue<\/span>. Each such loan shall mature and be paid within two years from the date of its original issue<\/span>; provided, that on or after such maturity, any loan now outstanding or hereafter made may be extended from time to time, provided, further, that no such extension shall mature and be paid later than five years from the date of the original issue<\/span> of said loan. The governing body may, in its discretion, retire any such loans by means of current revenues, special assessments, or other funds, in lieu of retiring them by means of bonds<\/span>; provided that the maximum amount of bonds<\/span> that has been authorized shall be reduced by the amount of such loans retired in such manner. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Negotiable notes or other obligations shall be issued for all moneys borrowed under subsection (a). Such notes or other obligations may be renewed from time to time and money may be borrowed upon notes or other obligations from time to time for the payment of any indebtedness evidenced thereby, but all such notes or other obligations shall mature within the time limited by said subsection (a). The issuance of such notes or other obligations and other details thereof shall be governed by the provisions of this chapter with respect to bonds<\/span> insofar as the same may be applicable. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> All such notes or other obligations heretofore issued on behalf of a sanitary district and proceedings had in connection therewith which conform to this section are hereby ratified, validated and confirmed and declared to be legal and as fully binding obligations as if issued under this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBORROWING IN ANTICIPATION OF BOND ISSUE (\u00a7 21-127.1)\n\na. In anticipation of the issuance of bonds under the provisions of this chapter\nand of the receipt of the proceeds of sale of such bonds, the governing body may\non behalf of the sanitary district borrow money for the purpose for which such\nbonds have been authorized and within the maximum authorized amount of the bond\nissue. Each such loan shall mature and be paid within two years from the date of\nits original issue; provided, that on or after such maturity, any loan now\noutstanding or hereafter made may be extended from time to time, provided,\nfurther, that no such extension shall mature and be paid later than five years\nfrom the date of the original issue of said loan. The governing body may, in its\ndiscretion, retire any such loans by means of current revenues, special\nassessments, or other funds, in lieu of retiring them by means of bonds;\nprovided that the maximum amount of bonds that has been authorized shall be\nreduced by the amount of such loans retired in such manner.\n\nb. Negotiable notes or other obligations shall be issued for all moneys borrowed\nunder subsection (a). Such notes or other obligations may be renewed from time\nto time and money may be borrowed upon notes or other obligations from time to\ntime for the payment of any indebtedness evidenced thereby, but all such notes\nor other obligations shall mature within the time limited by said subsection\n(a). The issuance of such notes or other obligations and other details thereof\nshall be governed by the provisions of this chapter with respect to bonds\ninsofar as the same may be applicable.\n\nc. All such notes or other obligations heretofore issued on behalf of a sanitary\ndistrict and proceedings had in connection therewith which conform to this\nsection are hereby ratified, validated and confirmed and declared to be legal\nand as fully binding obligations as if issued under this section.\n\nHISTORY: 1966, c. 189; 1970, c. 124.","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"}}