CHAPTER 295

An Act to amend and reenact § 15-250, as amended, of the Code of

Virginia, relating to borrowing by counties to meet casual a 93
60

Approved March 15, 1960

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

§ 15-250. For the purpose of meeting casual deficits in the revenue,
or creating a debt in anticipation of the COLEeCtION OF ee net Pohoas,
county, the board is hereby authorized to borrow not earlier than * Febru-
ary 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 counties having the form of county organization and government as
provided under article 2 of chapter 11 of this title, and having a population
in excess of seventy-five thousand inhabitants, the board may borrow not
earlier than January fifteenth of any year a sum of money not to exceed
one-half 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. 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 govern-
ment reservation situate therein, where the property is not subject to
State and local taxation and where the inhabitants 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.

Provided, further, that any county with a population of not less than
thirty-three thousand seven hundred and not more than thirty-four
thousand according to the last preceding decennial census is hereby au-
thorized to borrow after February first 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.