Statutes > Virginia Statutes > Title 15.2 - COUNTIES, CITIES AND TOWNS. > Chapter 25 - Budgets, Audits and Reports (15.2-2500 thru 15.2-2513) > 15.2-2505 - Budget may include reserve for contingencies and capital improvements.

15.2-2505 - Budget may include reserve for contingencies and capital improvements.

§ 15.2-2505. Budget may include reserve for contingencies and capitalimprovements.

Any locality may include in its budget a reasonable reserve for contingenciesand capital improvements.

(1980, c. 258, § 15.1-161.1; 1997, c. 587.)