SECTION 15.2-1530. Bonds required of treasurers or directors of finance of cities, ARTICLE 5. Bonds, CHAPTER 15. Local Government Personnel, Qualification for Office, Bonds, Dual Office Holding and Certain Local Government Officers, SUBTITLE II. Powers of Local Government, TITLE 15.2. Counties, Cities and Towns, Code of Virginia

Code of Virginia (Last Updated:July 28, 2020)

CHAPTER 15. Local Government Personnel, Qualification for Office, Bonds, Dual Office Holding and Certain Local Government Officers

ARTICLE 5. Bonds

SECTION 15.2-1530. Bonds required of treasurers or directors of finance of cities

Notwithstanding any contrary provision of law, general or special, the penalty of the bond for treasurers or directors of finance of cities shall be not less than fifteen percent of the amount of revenue to be received annually by him but not more than $500,000 for treasurers or directors of finance of cities under 100,000 population nor more than $1,500,000 for treasurers or directors of finance of cities over 100,000.

Code 1950, § 15-481; 1950, p. 411; 1962, c. 623, § 15.1-44; 1973, c. 195; 1997, c. 587.