In addition to the powers conferred upon an authority by other provisions of this chapter, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government; the Commonwealth; any locality or political subdivision; or any agency or instrumentality thereof; or from any source, public or private, for or in aid of any project of the authority, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as may be necessary, convenient or desirable.
Code 1950, § 15-949; 1954, c. 645; 1962, c. 623, § 15.1-1332; 1996, c. 740; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 63 - Authorities for Development of Former Federal Areas
§ 15.2-6300. Declaration of policy for authorities created by the Governor
§ 15.2-6300.1. Declaration of policy for authorities created by a locality
§ 15.2-6302. Establishment of development authorities
§ 15.2-6303. Authorities to file annual reports
§ 15.2-6304. Board of commissioners; appointment of director, agents and employees
§ 15.2-6305. Powers and duties of director
§ 15.2-6306. Principal and branch offices
§ 15.2-6308. Powers of authorities generally
§ 15.2-6308.1. Approval of Governor required
§ 15.2-6309. Two or more authorities may join or cooperate in exercising powers
§ 15.2-6310. Payments to Commonwealth or political subdivisions thereof
§ 15.2-6311. Authorities may borrow money, accept contributions, etc.
§ 15.2-6312. Authorities empowered to issue bonds; additional security; liability thereon
§ 15.2-6313. Bonds to be authorized by resolution of board; terms; sale; negotiability; validity
§ 15.2-6314.1. Applicability of the Virginia Personnel Act and the Virginia Public Procurement Act
§ 15.2-6315. Provisions for securing payment of bonds
§ 15.2-6316. Rights and remedies of obligees
§ 15.2-6317. Rents, fees and charges; disposition of revenues
§ 15.2-6318. Investment in bonds issued by authorities
§ 15.2-6319. Dissolution of authority
§ 15.2-6320. Powers conferred additional and supplemental; liberal construction