Virginia § 21-417 - Additional assessments to pay principal and interest on refunding bonds
Full text of Virginia Code of Virginia § 21-417 — Additional assessments to pay principal and interest on refunding bonds, with citation guidance and answers to common questions.
§ 21-417. Additional assessments to pay principal and interest on refunding bonds
If the proceeds of the assessments levied for the payment of the original bonds shall at any time prove insufficient to pay principal of and interest on such refunding bonds, or if it shall at any time appear to the board of viewers that there is likelihood of the insufficiency of such assessments, the board shall provide for the levy and collection of additional assessments sufficient for such purpose and the holder or holders of refunding bonds issued hereunder shall have a right of action to compel such levy in the manner provided in this chapter.
1934, p. 4; Michie Code 1942, § 1777a; 1954, c. 642.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 21-417
What does Code of Virginia § 21-417 cover?
Section 21-417 ("Additional assessments to pay principal and interest on refunding bonds") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 21-417?
A common citation format is "Code of Virginia § 21-417" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 21-417 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.