{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/62.1-210.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/62.1-210.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/62.1-210.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/62.1-210.html"}],"law_id":374838,"edition_id":2,"section_id":374838,"structure_id":53297,"section_number":"62.1-210","catch_line":"Pledge by Authority","history":"1984, c. 699; 1998, c. 399.","full_text":"Any pledge made by the Authority shall be valid and binding from the time when the pledge is made. The revenue, money or property so pledged and thereafter received by the Authority shall immediately be subject to the lien of such a pledge without any physical delivery thereof or further act. Furthermore, the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Authority, irrespective of whether the parties have notice of the pledge. No recording or filing of the resolution authorizing the issuance of bonds or credit enhancements, the trust indenture securing bonds or any other instrument, including filings under Title 8.9A (\u00a7 8.9A-101 et seq.) of the Uniform Commercial Code of Virginia, shall be necessary to create or perfect any pledge or security interest granted by the Authority to secure any bonds or credit enhancements.\n\n","order_by":null,"text":{"0":{"id":1399067,"text":"Any pledge made by the Authority shall be valid and binding from the time when the pledge is made. The revenue, money or property so pledged and thereafter received by the Authority shall immediately be subject to the lien of such a pledge without any physical delivery thereof or further act. Furthermore, the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Authority, irrespective of whether the parties have notice of the pledge. No recording or filing of the resolution authorizing the issuance of bonds or credit enhancements, the trust indenture securing bonds or any other instrument, including filings under Title 8.9A (\u00a7 8.9A-101 et seq.) of the Uniform Commercial Code of Virginia, shall be necessary to create or perfect any pledge or security interest granted by the Authority to secure any bonds or credit enhancements.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53297,"edition_id":2,"name":"Virginia Resources Authority","identifier":"21","label":"chapter","depth":2,"order_by":38,"parent_id":53275,"metadata":{"child_laws":28,"child_structures":0},"date_created":"2026-08-02 03:14:24","date_modified":"2026-08-02 12:36:54","permalink":{"id":1495675,"object_type":"structure","relational_id":53297,"identifier":"21","token":"62.1\/21","url":"\/62.1\/21\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53275,"edition_id":2,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":132,"parent_id":null,"metadata":{"child_laws":578,"child_structures":74},"date_created":"2026-08-02 03:14:05","date_modified":"2026-08-02 12:36:41","permalink":{"id":1495201,"object_type":"structure","relational_id":53275,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374825,"structure_id":53297,"section_number":"62.1-197","catch_line":"Short title","url":"\/62.1-197\/","token":"62.1\/21\/62.1-197","metadata":false},{"id":374826,"structure_id":53297,"section_number":"62.1-198","catch_line":"Legislative findings and purposes","url":"\/62.1-198\/","token":"62.1\/21\/62.1-198","metadata":false},{"id":374827,"structure_id":53297,"section_number":"62.1-199","catch_line":"Definitions","url":"\/62.1-199\/","token":"62.1\/21\/62.1-199","metadata":false},{"id":374828,"structure_id":53297,"section_number":"62.1-200","catch_line":"Creation of Authority","url":"\/62.1-200\/","token":"62.1\/21\/62.1-200","metadata":false},{"id":374829,"structure_id":53297,"section_number":"62.1-201","catch_line":"Board of Directors","url":"\/62.1-201\/","token":"62.1\/21\/62.1-201","metadata":false},{"id":374830,"structure_id":53297,"section_number":"62.1-202","catch_line":"Appointment and duties of Executive Director","url":"\/62.1-202\/","token":"62.1\/21\/62.1-202","metadata":false},{"id":374831,"structure_id":53297,"section_number":"62.1-203","catch_line":"Powers of 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and sale of bonds and credit enhancements","url":"\/62.1-208\/","token":"62.1\/21\/62.1-208","metadata":false},{"id":374837,"structure_id":53297,"section_number":"62.1-209","catch_line":"Provisions of resolution or trust indenture authorizing issuance of bonds","url":"\/62.1-209\/","token":"62.1\/21\/62.1-209","metadata":false},{"id":374838,"structure_id":53297,"section_number":"62.1-210","catch_line":"Pledge by Authority","url":"\/62.1-210\/","token":"62.1\/21\/62.1-210","metadata":false},{"id":374839,"structure_id":53297,"section_number":"62.1-211","catch_line":"Purchase of bonds by Authority","url":"\/62.1-211\/","token":"62.1\/21\/62.1-211","metadata":false},{"id":374840,"structure_id":53297,"section_number":"62.1-212","catch_line":"Bonds as negotiable instruments","url":"\/62.1-212\/","token":"62.1\/21\/62.1-212","metadata":false},{"id":374841,"structure_id":53297,"section_number":"62.1-213","catch_line":"Validity of signatures of prior members or 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deposits","url":"\/62.1-221\/","token":"62.1\/21\/62.1-221","metadata":false},{"id":374851,"structure_id":53297,"section_number":"62.1-222","catch_line":"Annual reports; audit","url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","metadata":false},{"id":374855,"structure_id":53297,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","metadata":false}],"previous_section":{"id":374837,"structure_id":53297,"section_number":"62.1-209","catch_line":"Provisions of resolution or trust indenture authorizing issuance of bonds","url":"\/62.1-209\/","token":"62.1\/21\/62.1-209","metadata":false},"next_section":{"id":374839,"structure_id":53297,"section_number":"62.1-211","catch_line":"Purchase of bonds by Authority","url":"\/62.1-211\/","token":"62.1\/21\/62.1-211","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-210\/","history_text":"

This law was first created in 1984. The record of its establishment is cataloged in chapter 699 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 1984 \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 1998, chapter 399<\/a>.<\/p>","references":false,"refers_to":[{"id":378354,"section_number":"8.9A-101","catch_line":"Short title","order_by":null,"url":"\/8.9A-101\/"}],"permalink":{"id":1495729,"object_type":"law","relational_id":374838,"identifier":"62.1-210","token":"62.1\/21\/62.1-210","url":"\/62.1-210\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/62.1-210\/","token":"62.1\/21\/62.1-210","dublin_core":{"Title":"Pledge by Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-210","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any pledge made by the Authority<\/span> shall be valid and binding from the time when the pledge is made. The revenue, money or property so pledged and thereafter received by the Authority<\/span> shall immediately be subject to the lien<\/span> of such a pledge without any physical delivery thereof or further act. Furthermore, the lien<\/span> of any such pledge shall be valid and binding as against all parties having claims of any kind in tort<\/span>, contract<\/span> or otherwise against the Authority<\/span>, irrespective of whether the parties have notice of the pledge. No recording or filing of the resolution authorizing the issuance of bonds<\/span><\/span> or credit enhancements<\/span>, the trust indenture securing bonds<\/span><\/span> or any other instrument, including filings under Title 8.9A (\u00a7 8.9A-101<\/a> et seq.) of the Uniform Commercial Code of Virginia, shall be necessary to create or perfect any pledge or security interest granted by the Authority<\/span> to secure any bonds<\/span><\/span> or credit enhancements<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPLEDGE BY AUTHORITY (\u00a7 62.1-210)\n\nAny pledge made by the Authority shall be valid and binding from the time when\nthe pledge is made. The revenue, money or property so pledged and thereafter\nreceived by the Authority shall immediately be subject to the lien of such a\npledge without any physical delivery thereof or further act. Furthermore, the\nlien of any such pledge shall be valid and binding as against all parties having\nclaims of any kind in tort, contract or otherwise against the Authority,\nirrespective of whether the parties have notice of the pledge. No recording or\nfiling of the resolution authorizing the issuance of bonds or credit\nenhancements, the trust indenture securing bonds or any other instrument,\nincluding filings under Title 8.9A (\u00a7 8.9A-101 et seq.) of the Uniform\nCommercial Code of Virginia, shall be necessary to create or perfect any pledge\nor security interest granted by the Authority to secure any bonds or credit\nenhancements.\n\nHISTORY: 1984, c. 699; 1998, c. 399.","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"}}