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1995 SESSION
LD3565184Be it enacted by the General Assembly of Virginia:
1. That §§ 10.1-625 and 10.1-628 of the Code of Virginia are amended and reenacted as follows:
§ 10.1-625. Status and general powers of district; power to levy tax or service charge; approval of landowners required.
A watershed improvement district shall have all of the powers of the soil and
water conservation district or districts in which the watershed improvement
district is situated, and in addition shall have the authority to levy and
collect a tax or service charge to be used for the purposes for which the
watershed improvement district was created. No tax shall be levied nor
service charge imposed under this article unless two-thirds of the owners of
land, which two-thirds owners shall also represent ownership of at least
two-thirds of the land area in such district, voting in a referendum called
and held under § 24.1-165 pursuant to regulations prescribed
by the district directors, approve the levy of a tax to be expended for
the purposes of the watershed improvement district.
§ 10.1-628. Fiscal powers of governing body; may poll landowners on question of incurring indebtedness or issuing bonds.
The governing body of any watershed improvement district shall have power, subject to the conditions and limitations of this article, to incur indebtedness, borrow funds, and issue bonds of such watershed improvement district. The circuit court of the county or city in which any portion of the watershed improvement district is located, upon the petition of a majority of the members of the governing body of the watershed improvement district, shall order a referendum at the next election regularly prescribed by law, or at any other time not less than thirty days from the date of such order, which shall be designated therein, to determine whether the governing body shall incur indebtedness or issue bonds for one or more of the purposes for which the watershed improvement district was created.
The referendum shall be conducted in the manner prescribed by this article
for the conduct of other referendums in the watershed improvement
districts, and under § 24.1-165.