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ACROSS SESSIONS
- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
1995 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 56-65.1 of the Code of Virginia is amended and reenacted as follows:
§ 56-65.1. Short-term indebtedness.
Notwithstanding the provisions of §§ 56-57 and 56-65, the provisions of this
chapter shall apply to the issuance of any note or notes by any public
service company which has total capitalization, including securities having a
maturity date of less than twelve months from the time of issue, of five
million dollars or more, unless such note or notes together with all other
outstanding notes and drafts of a maturity of less than twelve months on
which such utility is primarily or secondarily liable, aggregates not more
than five twelve percent of the total capitalization of such
utility.