Virginia Circuit Court Judge Invalidates Proposed CDA Issue

Vadum, Matthew
February 2001
Bond Buyer;02/20/2001, Vol. 335 Issue 31080, p38
Trade Publication
Predicts that a court's decision to invalidate a proposed bond issue in Henrico County to fund infrastructure improvements for a shopping mall in Richmond, Virginia, may hamper future community development bond deals in the state. Court ruling that the tax-exempt bond issue proposed to finance infrastructure improvements near the shopping mall was not permitted under the state Water and Waste Authorities Act.


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