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Current as of January 01, 2025 | Updated by Findlaw Staff
If the board of viewers deems it advisable it may, prior to the issuance of refunding bonds, order the cancellation of the assessments levied for the payment of the bonds refunded, except in so far as such assessments were levied for the payment of bonds not actually retired by the issuance of refunding bonds, and may direct the preparation of new assessment rolls and the levy and collection of new assessments sufficient for the payment of principal of and interest on such refunding bonds.
Cite this article: FindLaw.com - Virginia Code Title 21. Drainage, Soil Conservation, Sanitation and Public Facilities Districts § 21-418. Cancellation of assessments for retired bonds - last updated January 01, 2025 | https://codes.findlaw.com/va/title-21-drainage-soil-conservation-sanitation-and-public-facilities-districts/va-code-sect-21-418/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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