VBDA - What does VBDA stand for? The Free Dictionary
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VBDA revenue bonds are backed by annual payments from the city to VBDA pursuant to a support agreement, subject to annual appropriation.
The 'AA+' rating on VBDA obligations reflects the slightly higher degree of optionality associated with appropriation payments to be made by the city compared to the GO bonds.
--Approximately $331 million outstanding Virginia Beach Development Authority (VBDA
) revenue bonds at 'AA+';