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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>345791</law_id><section_number>10.1-1608</section_number><catch_line>Faith and credit of Commonwealth or political subdivision not pledged</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>No obligation of the <span class="dictionary">Authority</span> shall constitute a debt, or pledge of the faith and credit, of the Commonwealth or of any political subdivision, but shall be payable solely from the revenue and other funds of the <span class="dictionary">Authority</span> which have been pledged. All such obligations shall contain on the face a statement to the effect that the Commonwealth, political subdivisions, and the <span class="dictionary">Authority</span> shall not be obligated to pay the obligation or the interest except from revenues and other funds of the <span class="dictionary">Authority</span> which have been pledged, and that neither the faith and credit nor the taxing power of the Commonwealth or of any political subdivision is pledged to the payment of the principal of or the interest on such obligations.</p></section></text><history>1986, c. 360, &#xA7; 10-158.6; 1988, c. 891.</history><metadata></metadata></law>
