CHAPTER 295

An Act to amend and reenact § 15-250 of the Code of Virginia, relating to
loans to meet casual deficits in certain counties. CH 731]

Approved March 10, 1952

Be it enacted by the General Assembly of Virginia:
aa That § 15-250 of the Code of Virginia be amended and reenacted as

ollows:

§ 15-250. For the purpose of meeting casual deficits in the revenue,
or creating a debt in anticipation of the collection of the revenue of the
county, the board is hereby authorized to borrow .not earlier than June
first of any year a sum of money not to exceed one-fourth of the amount
produced by the county levy laid in such county for the year in which the
loan is negotiated ; provided, however, that in all counties having a density
of population in excess of five hundred inhabitants per square mile, as
shown by the United States census of nineteen hundred thirty, the board
may borrow not earlier than January fifteenth of any year a sum of
money not to exceed three-fourths of the amount which it is reasonably
anticipated will be produced by the county levy laid or to be laid in
any such county for the year in which the loan is negotiated, and in coun-
ties having the form of county organization and government as pro-
vided under Article 2 of Chapter 11 of Title 15 of the Code of Virginia,
and having a population in excess of seventy-five thousand inhabitants, the
board may borrow not earher than January fifteenth of any year a sum of
money not to exceed one-half of the amount which it its reasonably
anticipated will be produced by the county levy laid or to be laid in any
such county for the year in which the loan is negotiated. For the purposes
of fixing the density of population in any such county for the purposes
of this section the number of square miles in such county embraced within
the limits of any government reservation situate therein, where the
property is not subject to State and local taxation and where the inhabi-
tants are not enumerated as residents of the county in such census, shall
be deducted from the total square miles within the geographical limits of
such county and the density of population shall be determined by dividing
the remaining square miles of such county into the total population shown
by such census.

2. An emergency exists and this act is in force from its passage.