# Va. Code Ann. § 4.1-1006: Bonds

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1006

## Section

- **Citation:** Va. Code Ann. § 4.1-1006
- **Heading:** Bonds
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 4.1 / Subtitle II / Chapter 10 / Section 4.1-1006

## Text

The Authority may, when deemed necessary and advisable to do so in order to secure the collection of the taxes levied under § 4.1-1004 , require any person subject to such tax to file a bond, with such surety as it determines is necessary to secure the payment of any tax, penalty, or interest due or that may become due from such person. In lieu of such bond, securities approved by the Authority may be deposited with the State Treasurer, which securities shall be kept in the custody of the State Treasurer, and shall be sold by the State Treasurer at the request of the Authority at public or private sale if it becomes necessary to do so in order to recover any tax, interest, or penalty due the Commonwealth. Upon any such sale, the surplus, if any, above the amounts due shall be returned to the person who deposited the securities.

2026, Sp. Sess. I, c. 1 .

## Nearby sections

- [Va. Code Ann. § 4.1-1000 Applications for licenses; procedures; notice to localities; fees; permits.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1000.md)
- [Va. Code Ann. § 4.1-1001 Labor peace agreements.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1001.md)
- [Va. Code Ann. § 4.1-1002 Fees for state licenses.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1002.md)
- [Va. Code Ann. § 4.1-1003 Refund of state license fee.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1003.md)
- [Va. Code Ann. § 4.1-1004 Marijuana taxes; exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1004.md)
- [Va. Code Ann. § 4.1-1005 Tax returns and payments; commissions; interest.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1005.md)
- [Va. Code Ann. § 4.1-1006 Bonds.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1006.md)
- [Va. Code Ann. § 4.1-1007 Refunds.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1007.md)
- [Va. Code Ann. § 4.1-1008 Statute of limitations; civil remedies for collecting past-due taxes, interest, and penalties.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1008.md)
- [Va. Code Ann. § 4.1-1009 Appeals.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1009.md)
- [Va. Code Ann. § 4.1-1010 Injunction.](https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1010.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T4.1_SII_C10_S4.1-1006. Check the current official text before relying on it. Not legal advice.