§ 5.5. Borrowing.

Latest version.

The board of supervisors may incur indebtedness by issuing bonds, notes or other obligations for the purposes, in the manner and to the extent provided for by the Constitution of Virginia and the Code of Virginia. The term indebtedness shall not include contractual obligations of the county, lease/purchase agreements subject to annual appropriations and revenue bonds payable solely from revenue producing properties or activities.

(Amd. of 12-14-16(1))

(Amd. of 12-14-16(1))

                    
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