2.2-2227 - Revenue refunding bonds; bonds for refunding and for cost of additional projects.
§ 2.2-2227. Revenue refunding bonds; bonds for refunding and for cost ofadditional projects.
The Authority may provide for the issuance of revenue refunding bonds of theAuthority for the purpose of refunding any bonds then outstanding that havebeen issued under the provisions of this article, including the payment ofany redemption premium thereon and any interest accrued or to accrue to thedate of redemption of the bonds, and, if deemed advisable by the Authority,for the additional purpose of constructing improvements, extensions, orenlargements of the project or projects in connection with which the bonds tobe refunded shall have been issued. The Authority may provide by resolutionfor the issuance of its revenue bonds for the combined purpose of (i)refunding any bonds then outstanding which shall have been issued under theprovisions of this article, including the payment of any redemption premiumthereon and any interest accrued or to accrue to the date of redemption ofthe bonds, and (ii) paying all or any part of the cost of any additionalproject or any portion thereof. The issuance of the bonds, the maturities andother details thereof, the rights of the holders thereof, and the rights,duties and obligations of the Authority in respect of the same shall begoverned by the provisions of this article insofar as they may be applicable.
(1984, c. 782, § 9-260; 2001, c. 844.)