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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>366571</law_id><section_number>5.1-166</section_number><catch_line>Credit of Commonwealth and political subdivisions 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="9" identifier="5.1">Aviation</unit><unit label="chapter" level="2" order_by="13" identifier="10">Metropolitan Washington Airports Authority</unit></structure><text>
						<section><p>Revenue <span class="dictionary">bonds</span> issued under the provisions of this act shall not constitute a debt of the Commonwealth of Virginia or of any other political subdivision thereof nor a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. Such <span class="dictionary">bonds</span> shall be payable solely from funds provided therefor from revenues. The issuance of revenue <span class="dictionary">bonds</span> under the provisions of this act shall not directly, indirectly, or contingently obligate the Commonwealth or any political subdivision thereof to the payment thereof or to the <span class="dictionary">levy</span> or pledge of any form of taxation whatever therefor. All such revenue <span class="dictionary">bonds</span> shall contain a statement on their face substantially to this effect.</p></section></text><history>2001, c. 342.</history><metadata></metadata></law>
