Virginia Municipal Bond Commission is focused on providing state and
bond issuers with economical, financial and managerial service.
The Commission is appointed as fiscal agent for all general obligation
(tax levy) bond issues of the county commissions, municipalities, and
school districts of the State. It determines levy requirements for all
such issues each year. Since the creation of the
Commission by Legislative
§13-3, the State
has not had a default or slow payment on any general obligation issue
in the State.