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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348708</law_id><section_number>15.2-5347</section_number><catch_line>How payable</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="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="11" identifier="53">Hospital Authorities</unit><unit label="article" level="4" order_by="3" identifier="3">Bonds</unit></structure><text>
						<section><p>The principal and interest on such <span class="dictionary"><span class="dictionary">bonds</span></span> shall be payable from such sources as the <span class="dictionary">authority</span> may determine, including (without limiting the generality of the foregoing) (i) its revenues generally, (ii) exclusively from the revenues and receipts of a particular <span class="dictionary">hospital project</span>, or (iii) exclusively from the revenues and receipts of certain designated <span class="dictionary">hospital projects</span>, whether they are financed in whole or in part from the proceeds of such <span class="dictionary"><span class="dictionary">bonds</span></span>. The <span class="dictionary"><span class="dictionary">bonds</span></span> may be additionally secured by a pledge of any grant or contribution from any <span class="dictionary">locality</span> or from any <span class="dictionary">government</span> or governmental <span class="dictionary">authority</span>.</p></section></text><history>Code 1950, &#xA7; 32-262; 1973, c. 462, &#xA7; 15.1-1582; 1979, c. 719; 1997, c. 587.</history><metadata></metadata></law>
