Code of Virginia
Chapter 54 - Electric Authorities Act
§ 15.2-5424. Transfer, etc., of property of political subdivisions upon request of authority

The governing body of any political subdivision, notwithstanding any contrary provision of law, is hereby authorized to transfer jurisdiction over, to permit the use of, lease, lend, grant or convey to the authority upon the request of the authority, upon such terms and conditions as the governing body of such subdivision may agree with the authority as reasonable and fair, such real or personal property as may be necessary or desirable in connection with the acquisition, construction, improvement, operation or maintenance of any project by the authority, including public roads and other property already donated to public use. However, the authority must pay full market value for any such real or personal property conveyed by the governing body of any political subdivision to the authority. Whenever any railroad tracks, pipes, poles, wires, conduits or other structures or facilities which are located in, along, across, over or under any public road, street, highway, alley or other public right-of-way shall become an obstruction to, interfere with or be endangered by the construction, operation or maintenance of any project of the authority, the political subdivision having ownership, control or jurisdiction over such public road, street, highway, alley or other public right-of-way may, as the exercise of an essential governmental function, order the safeguarding, maintaining, relocating, rebuilding, removing and replacing of such railroad tracks, pipes, poles, wires, conduits or other structures or facilities by the owner thereof at the expense of the authority, and subject to the provisions of § 25.1-102.
1979, c. 416, § 15.1-1627; 1997, c. 587.

Structure Code of Virginia

Code of Virginia

Title 15.2 - Counties, Cities and Towns

Chapter 54 - Electric Authorities Act

§ 15.2-5400. Short title

§ 15.2-5401. Intent of General Assembly

§ 15.2-5402. Definitions

§ 15.2-5403. Creation of electric authority; referendum

§ 15.2-5404. Articles of incorporation

§ 15.2-5405. Certificate of incorporation or charter; addition and withdrawal of members; board of directors; indemnification of directors, officers or employees

§ 15.2-5405.1. Applicability of personnel and procurement procedures to certain authorities

§ 15.2-5406. Rights, powers and duties of authority

§ 15.2-5406.1. Retail distribution of electric energy limited to certain authorities

§ 15.2-5406.2. Tort claims against certain authorities

§ 15.2-5407. Membership in more than one authority

§ 15.2-5408. Sale of power and energy, including capacity and output to member governmental units by authority; duration of contracts; source of payments; furnishing of money, property or services by member governmental units

§ 15.2-5409. Sale of capacity and output to nonmembers; limitations

§ 15.2-5410. Contents of agreement as to joint ownership of project; designation of party to agreement as agent for construction, operation and maintenance of project; powers and duties of agent

§ 15.2-5411. Contracts for planning, acquisition, construction, etc., of projects

§ 15.2-5412. Issuance of bonds by authority

§ 15.2-5413. Interim receipts and temporary bonds; lost, stolen and destroyed bonds

§ 15.2-5414. Bonds not debts of Commonwealth or member governmental unit

§ 15.2-5415. Security for bonds; trust agreement; bond resolution

§ 15.2-5416. Rents, rates, fees and other charges

§ 15.2-5417. Moneys received deemed trust funds

§ 15.2-5418. Bondholders' and trustees' remedies

§ 15.2-5419. Refunding bonds

§ 15.2-5420. Status of bonds under Uniform Commercial Code

§ 15.2-5421. Bonds as legal investments and lawful security

§ 15.2-5422. Bonds exempt from taxation

§ 15.2-5423. Payments in lieu of property taxes; license tax

§ 15.2-5423.1. Exemption from taxation for certain authorities

§ 15.2-5424. Transfer, etc., of property of political subdivisions upon request of authority

§ 15.2-5425. Eminent domain

§ 15.2-5426. Annual reports

§ 15.2-5427. Liability of members or officers

§ 15.2-5428. Dissolution of authority

§ 15.2-5429. Legislative consent to application of laws of other states

§ 15.2-5430. Provisions of chapter cumulative; construction

§ 15.2-5431. Provisions of chapter controlling over other statutes and charters