Tax revenues of the Commonwealth or any other political subdivision not pledged

Va. Code Ann. § 15.2-5815
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or any of its revenues, or the faith and credit of any other political subdivision of the Commonwealth, or any of its revenues, for the payment of any bonds. 1995, cc. 613 , 629 , § 15.1-227.85; 1996, cc. 950 , 1038 ; 1997, cc. 587 , 884 ; 2005, c. 106 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/15.2-5815/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements