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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>345788</law_id><section_number>10.1-1605</section_number><catch_line>Issuance and sale of bonds</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="38" identifier="10.1">Conservation</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Activities Administered by Other Entities</unit><unit label="chapter" level="3" order_by="10" identifier="16">Virginia Recreational Facilities Authority Act</unit></structure><text>
						<section><p>The <span class="dictionary"><span class="dictionary">bonds</span></span> may be issued in coupon or in registered form, or both, as the <span class="dictionary">Authority</span> may determine, and provision may be made for the registration of any coupon <span class="dictionary"><span class="dictionary">bonds</span></span> as to principal alone and also as to both principal and interest, for the reconversion into coupon <span class="dictionary"><span class="dictionary">bonds</span></span> of any <span class="dictionary"><span class="dictionary">bonds</span></span> registered as to both principal and interest, and for the interchange of registered and coupon <span class="dictionary"><span class="dictionary">bonds</span></span>. The <span class="dictionary">Authority</span> may sell such <span class="dictionary"><span class="dictionary">bonds</span></span> in the manner, either at public or private sale, and for the price, that it determines will best effect the purposes of this chapter. <span class="dictionary"><span class="dictionary">Bonds</span></span> may be issued under the provisions of this chapter without obtaining the consent of any commission, <span class="dictionary">board</span> or agency of the Commonwealth or of any political subdivision, and without any other proceedings or conditions other than those which are specifically required by this chapter.</p></section></text><history>1986, c. 360, &#xA7; 10-158.6; 1988, c. 891.</history><metadata></metadata></law>
