{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5408.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5408.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5408.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5408.html"}],"law_id":59051,"edition_id":1,"section_id":59051,"structure_id":14152,"section_number":"15.2-5408","catch_line":"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","history":"1979, c. 416, \u00a7 15.1-1611; 1997, c. 587.","full_text":"Any member governmental unit of an authority may contract to buy from the authority power and energy required for its present or future requirements, including the capacity and output of one or more specified projects. Any such contract may provide that the governmental unit so contracting shall be obligated to make payments required by the contract whether or not a project is completed, operable or operating and notwithstanding the suspension, interruption, interference, reduction or curtailment of the output of a project or the power and energy contracted for, and that such payments under the contract shall not be subject to any reduction, whether by offset or otherwise, and shall not be conditioned upon the performance or nonperformance by the authority or any other member governmental unit under the contract or any other instrument. Such contracts with respect to any project may also provide, in the event of default by any member governmental unit which is a party to any such contract for such project in the performance of its obligations thereunder, for other member governmental units which are parties to any such contract for such project to succeed to the rights and interests and assume the obligations of the defaulting party, pro rata or otherwise as may be agreed upon in such contracts.\n\t\tNotwithstanding the provisions of any other law or local charter provision to the contrary, any such contracts with respect to the sale or purchase of capacity, output, power or energy from a project may extend for a period not exceeding fifty years from the date a project is estimated to be placed in normal continuous operation; the execution and effectiveness thereof shall not be subject to any authorizations or approvals by the Commonwealth or any agency, commission or instrumentality or political subdivision thereof except as specifically required and provided in this chapter.\n\t\tPayments by a governmental unit under any contract for the purchase of capacity and output from an authority shall be made solely from, and may be secured by a pledge of and lien upon, the revenues derived by such governmental unit from the ownership and operation of the electric system of such governmental unit, and such payments may be made as an operating expense of such electric system. No obligation under such contract shall constitute a legal or equitable pledge, charge, lien or encumbrance upon any property of the governmental unit or upon any of its income, receipts or revenues, except the revenues of its electric system, and neither the faith and credit nor the taxing power of the governmental unit are, or may be, pledged for the payment of any obligation under any such contract. A governmental unit shall be obligated to fix, charge and collect rents, rates, fees and charges for electric power and energy and other services, facilities and commodities sold, furnished or supplied through its electric system sufficient to provide revenues adequate to meet its obligations under any such contract and to pay any and all other amounts payable from or constituting a charge and lien upon such revenues, including amounts sufficient to pay the principal of and interest on bonds of such governmental unit heretofore or hereafter issued for purposes related to its electric system. Any pledge made by a governmental unit pursuant to this paragraph shall be governed by the laws of the Commonwealth.\n\t\tAny member governmental unit of an authority may furnish the authority with money and provide the authority with personnel, equipment and property, both real and personal. Any member governmental unit may also provide any services to an authority. Any member governmental unit may contract for, advance or contribute funds to an authority as may be agreed upon by the authority, and the member governmental unit and the authority shall repay such advances or contributions from proceeds of bonds, from operating revenues or from any other funds of the authority, together with interest thereon as may be agreed upon by the member governmental units and authority.","order_by":null,"text":{"0":{"id":216553,"text":"Any member governmental unit of an authority may contract to buy from the authority power and energy required for its present or future requirements, including the capacity and output of one or more specified projects. Any such contract may provide that the governmental unit so contracting shall be obligated to make payments required by the contract whether or not a project is completed, operable or operating and notwithstanding the suspension, interruption, interference, reduction or curtailment of the output of a project or the power and energy contracted for, and that such payments under the contract shall not be subject to any reduction, whether by offset or otherwise, and shall not be conditioned upon the performance or nonperformance by the authority or any other member governmental unit under the contract or any other instrument. Such contracts with respect to any project may also provide, in the event of default by any member governmental unit which is a party to any such contract for such project in the performance of its obligations thereunder, for other member governmental units which are parties to any such contract for such project to succeed to the rights and interests and assume the obligations of the defaulting party, pro rata or otherwise as may be agreed upon in such contracts.\n\t\tNotwithstanding the provisions of any other law or local charter provision to the contrary, any such contracts with respect to the sale or purchase of capacity, output, power or energy from a project may extend for a period not exceeding fifty years from the date a project is estimated to be placed in normal continuous operation; the execution and effectiveness thereof shall not be subject to any authorizations or approvals by the Commonwealth or any agency, commission or instrumentality or political subdivision thereof except as specifically required and provided in this chapter.\n\t\tPayments by a governmental unit under any contract for the purchase of capacity and output from an authority shall be made solely from, and may be secured by a pledge of and lien upon, the revenues derived by such governmental unit from the ownership and operation of the electric system of such governmental unit, and such payments may be made as an operating expense of such electric system. No obligation under such contract shall constitute a legal or equitable pledge, charge, lien or encumbrance upon any property of the governmental unit or upon any of its income, receipts or revenues, except the revenues of its electric system, and neither the faith and credit nor the taxing power of the governmental unit are, or may be, pledged for the payment of any obligation under any such contract. A governmental unit shall be obligated to fix, charge and collect rents, rates, fees and charges for electric power and energy and other services, facilities and commodities sold, furnished or supplied through its electric system sufficient to provide revenues adequate to meet its obligations under any such contract and to pay any and all other amounts payable from or constituting a charge and lien upon such revenues, including amounts sufficient to pay the principal of and interest on bonds of such governmental unit heretofore or hereafter issued for purposes related to its electric system. Any pledge made by a governmental unit pursuant to this paragraph shall be governed by the laws of the Commonwealth.\n\t\tAny member governmental unit of an authority may furnish the authority with money and provide the authority with personnel, equipment and property, both real and personal. Any member governmental unit may also provide any services to an authority. Any member governmental unit may contract for, advance or contribute funds to an authority as may be agreed upon by the authority, and the member governmental unit and the authority shall repay such advances or contributions from proceeds of bonds, from operating revenues or from any other funds of the authority, together with interest thereon as may be agreed upon by the member governmental units and authority.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14152,"edition_id":1,"name":"Electric Authorities Act","identifier":"54","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:47:03","date_modified":"2026-06-26 03:47:03","permalink":{"id":159171,"object_type":"structure","relational_id":14152,"identifier":"54","token":"15.2\/IV\/54","url":"\/15.2\/IV\/54\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12721,"edition_id":1,"name":"Other Governmental Entities","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":157897,"object_type":"structure","relational_id":12721,"identifier":"IV","token":"15.2\/IV","url":"\/15.2\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65196,"structure_id":14152,"section_number":"15.2-5400","catch_line":"Short title","url":"\/15.2-5400\/","token":"15.2\/IV\/54\/15.2-5400","metadata":false},{"id":86116,"structure_id":14152,"section_number":"15.2-5401","catch_line":"Intent of General Assembly","url":"\/15.2-5401\/","token":"15.2\/IV\/54\/15.2-5401","metadata":false},{"id":72529,"structure_id":14152,"section_number":"15.2-5402","catch_line":"Definitions","url":"\/15.2-5402\/","token":"15.2\/IV\/54\/15.2-5402","metadata":false},{"id":79988,"structure_id":14152,"section_number":"15.2-5403","catch_line":"Creation of electric authority; referendum","url":"\/15.2-5403\/","token":"15.2\/IV\/54\/15.2-5403","metadata":false},{"id":66895,"structure_id":14152,"section_number":"15.2-5404","catch_line":"Articles of incorporation","url":"\/15.2-5404\/","token":"15.2\/IV\/54\/15.2-5404","metadata":false},{"id":85800,"structure_id":14152,"section_number":"15.2-5405","catch_line":"Certificate of incorporation or charter; addition and withdrawal of members; board of directors; indemnification of directors, officers or employees","url":"\/15.2-5405\/","token":"15.2\/IV\/54\/15.2-5405","metadata":false},{"id":69588,"structure_id":14152,"section_number":"15.2-5405.1","catch_line":"Applicability of personnel and procurement procedures to certain authorities","url":"\/15.2-5405.1\/","token":"15.2\/IV\/54\/15.2-5405.1","metadata":false},{"id":84424,"structure_id":14152,"section_number":"15.2-5406","catch_line":"Rights, powers and duties of authority","url":"\/15.2-5406\/","token":"15.2\/IV\/54\/15.2-5406","metadata":false},{"id":72674,"structure_id":14152,"section_number":"15.2-5406.1","catch_line":"Retail distribution of electric energy limited to certain authorities","url":"\/15.2-5406.1\/","token":"15.2\/IV\/54\/15.2-5406.1","metadata":false},{"id":56253,"structure_id":14152,"section_number":"15.2-5406.2","catch_line":"Tort claims against certain authorities","url":"\/15.2-5406.2\/","token":"15.2\/IV\/54\/15.2-5406.2","metadata":false},{"id":64564,"structure_id":14152,"section_number":"15.2-5407","catch_line":"Membership in more than one authority","url":"\/15.2-5407\/","token":"15.2\/IV\/54\/15.2-5407","metadata":false},{"id":59051,"structure_id":14152,"section_number":"15.2-5408","catch_line":"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","url":"\/15.2-5408\/","token":"15.2\/IV\/54\/15.2-5408","metadata":false},{"id":70404,"structure_id":14152,"section_number":"15.2-5409","catch_line":"Sale of capacity and output to nonmembers; limitations","url":"\/15.2-5409\/","token":"15.2\/IV\/54\/15.2-5409","metadata":false},{"id":67460,"structure_id":14152,"section_number":"15.2-5410","catch_line":"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","url":"\/15.2-5410\/","token":"15.2\/IV\/54\/15.2-5410","metadata":false},{"id":64546,"structure_id":14152,"section_number":"15.2-5411","catch_line":"Contracts for planning, acquisition, construction, etc., of projects","url":"\/15.2-5411\/","token":"15.2\/IV\/54\/15.2-5411","metadata":false},{"id":61540,"structure_id":14152,"section_number":"15.2-5412","catch_line":"Issuance of bonds by authority","url":"\/15.2-5412\/","token":"15.2\/IV\/54\/15.2-5412","metadata":false},{"id":67503,"structure_id":14152,"section_number":"15.2-5413","catch_line":"Interim receipts and temporary bonds; lost, stolen and destroyed bonds","url":"\/15.2-5413\/","token":"15.2\/IV\/54\/15.2-5413","metadata":false},{"id":55312,"structure_id":14152,"section_number":"15.2-5414","catch_line":"Bonds not debts of Commonwealth or member governmental unit","url":"\/15.2-5414\/","token":"15.2\/IV\/54\/15.2-5414","metadata":false},{"id":84956,"structure_id":14152,"section_number":"15.2-5415","catch_line":"Security for bonds; trust agreement; bond resolution","url":"\/15.2-5415\/","token":"15.2\/IV\/54\/15.2-5415","metadata":false},{"id":57033,"structure_id":14152,"section_number":"15.2-5416","catch_line":"Rents, rates, fees and other charges","url":"\/15.2-5416\/","token":"15.2\/IV\/54\/15.2-5416","metadata":false},{"id":82650,"structure_id":14152,"section_number":"15.2-5417","catch_line":"Moneys received deemed trust funds","url":"\/15.2-5417\/","token":"15.2\/IV\/54\/15.2-5417","metadata":false},{"id":82417,"structure_id":14152,"section_number":"15.2-5418","catch_line":"Bondholders' and trustees' remedies","url":"\/15.2-5418\/","token":"15.2\/IV\/54\/15.2-5418","metadata":false},{"id":69922,"structure_id":14152,"section_number":"15.2-5419","catch_line":"Refunding bonds","url":"\/15.2-5419\/","token":"15.2\/IV\/54\/15.2-5419","metadata":false},{"id":62550,"structure_id":14152,"section_number":"15.2-5420","catch_line":"Status of bonds under Uniform Commercial Code","url":"\/15.2-5420\/","token":"15.2\/IV\/54\/15.2-5420","metadata":false},{"id":78951,"structure_id":14152,"section_number":"15.2-5421","catch_line":"Bonds as legal investments and lawful security","url":"\/15.2-5421\/","token":"15.2\/IV\/54\/15.2-5421","metadata":false},{"id":59284,"structure_id":14152,"section_number":"15.2-5422","catch_line":"Bonds exempt from taxation","url":"\/15.2-5422\/","token":"15.2\/IV\/54\/15.2-5422","metadata":false},{"id":68719,"structure_id":14152,"section_number":"15.2-5423","catch_line":"Payments in lieu of property taxes; license tax","url":"\/15.2-5423\/","token":"15.2\/IV\/54\/15.2-5423","metadata":false},{"id":58684,"structure_id":14152,"section_number":"15.2-5423.1","catch_line":"Exemption from taxation for certain authorities","url":"\/15.2-5423.1\/","token":"15.2\/IV\/54\/15.2-5423.1","metadata":false},{"id":82928,"structure_id":14152,"section_number":"15.2-5424","catch_line":"Transfer, etc., of property of political subdivisions upon request of authority","url":"\/15.2-5424\/","token":"15.2\/IV\/54\/15.2-5424","metadata":false},{"id":81962,"structure_id":14152,"section_number":"15.2-5425","catch_line":"Eminent domain","url":"\/15.2-5425\/","token":"15.2\/IV\/54\/15.2-5425","metadata":false},{"id":57373,"structure_id":14152,"section_number":"15.2-5426","catch_line":"Annual reports","url":"\/15.2-5426\/","token":"15.2\/IV\/54\/15.2-5426","metadata":false},{"id":82182,"structure_id":14152,"section_number":"15.2-5427","catch_line":"Liability of members or officers","url":"\/15.2-5427\/","token":"15.2\/IV\/54\/15.2-5427","metadata":false},{"id":69086,"structure_id":14152,"section_number":"15.2-5428","catch_line":"Dissolution of authority","url":"\/15.2-5428\/","token":"15.2\/IV\/54\/15.2-5428","metadata":false},{"id":58789,"structure_id":14152,"section_number":"15.2-5429","catch_line":"Legislative consent to application of laws of other states","url":"\/15.2-5429\/","token":"15.2\/IV\/54\/15.2-5429","metadata":false},{"id":75194,"structure_id":14152,"section_number":"15.2-5430","catch_line":"Provisions of chapter cumulative; construction","url":"\/15.2-5430\/","token":"15.2\/IV\/54\/15.2-5430","metadata":false},{"id":81605,"structure_id":14152,"section_number":"15.2-5431","catch_line":"Provisions of chapter controlling over other statutes and charters","url":"\/15.2-5431\/","token":"15.2\/IV\/54\/15.2-5431","metadata":false}],"previous_section":{"id":64564,"structure_id":14152,"section_number":"15.2-5407","catch_line":"Membership in more than one authority","url":"\/15.2-5407\/","token":"15.2\/IV\/54\/15.2-5407","metadata":false},"next_section":{"id":70404,"structure_id":14152,"section_number":"15.2-5409","catch_line":"Sale of capacity and output to nonmembers; limitations","url":"\/15.2-5409\/","token":"15.2\/IV\/54\/15.2-5409","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5408\/","history_text":"

This law was first created in 1979. The record of its establishment is cataloged in chapter 416 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1979 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1997, chapter 587<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":159217,"object_type":"law","relational_id":59051,"identifier":"15.2-5408","token":"15.2\/IV\/54\/15.2-5408","url":"\/15.2-5408\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5408\/","token":"15.2\/IV\/54\/15.2-5408","dublin_core":{"Title":"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","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5408","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any member governmental unit<\/span> of an authority<\/span> may contract<\/span> to buy from the authority<\/span> power and energy required for its present or future requirements, including the capacity and output of one or more specified projects<\/span>. Any such contract<\/span> may provide that the governmental unit<\/span> so contracting shall be obligated to make payments required by the contract<\/span> whether or not a project<\/span> is completed, operable or operating and notwithstanding the suspension, interruption, interference, reduction or curtailment of the output of a project<\/span> or the power and energy contracted for, and that such payments under the contract<\/span> shall not be subject to any reduction, whether by offset or otherwise, and shall not be conditioned upon the performance or nonperformance by the authority<\/span> or any other member governmental unit<\/span> under the contract<\/span> or any other instrument. Such contracts<\/span> with respect to any project<\/span> may also provide, in the event of default<\/span> by any member governmental unit<\/span> which is a party<\/span> to any such contract<\/span> for such project<\/span> in the performance of its obligations thereunder, for other member governmental units<\/span> which are parties to any such contract<\/span> for such project<\/span> to succeed to the rights and interests and assume the obligations of the defaulting party<\/span>, pro rata or otherwise as may be agreed upon in such contracts<\/span>.\n\t\tNotwithstanding the provisions of any other law<\/span> or local charter provision to the contrary, any such contracts<\/span> with respect to the sale or purchase of capacity, output, power or energy from a project<\/span> may extend for a period not exceeding fifty years from the date a project<\/span> is estimated to be placed in normal continuous operation; the execution and effectiveness thereof shall not be subject to any authorizations or approvals by the Commonwealth or any agency, commission or instrumentality or political subdivision thereof except as specifically required and provided in this chapter.\n\t\tPayments by a governmental unit<\/span> under any contract<\/span> for the purchase of capacity and output from an authority<\/span> shall be made solely from, and may be secured by a pledge of and lien<\/span> upon, the revenues derived by such governmental unit<\/span> from the ownership and operation of the electric system of such governmental unit<\/span>, and such payments may be made as an operating expense of such electric system. No obligation under such contract<\/span> shall constitute a legal or equitable<\/span> pledge, charge, lien<\/span> or encumbrance upon any property of the governmental unit<\/span> or upon any of its income, receipts or revenues, except the revenues of its electric system, and neither the faith and credit nor the taxing power of the governmental unit<\/span> are, or may be, pledged for the payment of any obligation under any such contract<\/span>. A governmental unit<\/span> shall be obligated to fix, charge and collect rents, rates, fees and charges for electric power and energy and other services, facilities and commodities sold, furnished or supplied through its electric system sufficient to provide revenues adequate to meet its obligations under any such contract<\/span> and to pay any and all other amounts payable from or constituting a charge and lien<\/span> upon such revenues, including amounts sufficient to pay the principal of and interest on bonds<\/span><\/span> of such governmental unit<\/span> heretofore or hereafter issued for purposes related to its electric system. Any pledge made by a governmental unit<\/span> pursuant to this paragraph shall be governed by the laws<\/span> of the Commonwealth.\n\t\tAny member governmental unit<\/span> of an authority<\/span> may furnish the authority<\/span> with money and provide the authority<\/span> with personnel, equipment and property, both real and personal. Any member governmental unit<\/span> may also provide any services to an authority<\/span>. Any member governmental unit<\/span> may contract<\/span> for, advance or contribute funds to an authority<\/span> as may be agreed upon by the authority<\/span>, and the member governmental unit<\/span> and the authority<\/span> shall repay such advances or contributions from proceeds of bonds<\/span><\/span>, from operating revenues or from any other funds of the authority<\/span>, together with interest thereon as may be agreed upon by the member governmental units<\/span> and authority<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSALE OF POWER AND ENERGY, INCLUDING CAPACITY AND OUTPUT TO MEMBER GOVERNMENTAL\nUNITS BY AUTHORITY; DURATION OF CONTRACTS; SOURCE OF PAYMENTS; FURNISHING OF\nMONEY, PROPERTY OR SERVICES BY MEMBER GOVERNMENTAL UNITS (\u00a7 15.2-5408)\n\nAny member governmental unit of an authority may contract to buy from the\nauthority power and energy required for its present or future requirements,\nincluding the capacity and output of one or more specified projects. Any such\ncontract may provide that the governmental unit so contracting shall be\nobligated to make payments required by the contract whether or not a project is\ncompleted, operable or operating and notwithstanding the suspension,\ninterruption, interference, reduction or curtailment of the output of a project\nor the power and energy contracted for, and that such payments under the\ncontract shall not be subject to any reduction, whether by offset or otherwise,\nand shall not be conditioned upon the performance or nonperformance by the\nauthority or any other member governmental unit under the contract or any other\ninstrument. Such contracts with respect to any project may also provide, in the\nevent of default by any member governmental unit which is a party to any such\ncontract for such project in the performance of its obligations thereunder, for\nother member governmental units which are parties to any such contract for such\nproject to succeed to the rights and interests and assume the obligations of the\ndefaulting party, pro rata or otherwise as may be agreed upon in such contracts.\n\t\tNotwithstanding the provisions of any other law or local charter provision to\nthe contrary, any such contracts with respect to the sale or purchase of\ncapacity, output, power or energy from a project may extend for a period not\nexceeding fifty years from the date a project is estimated to be placed in\nnormal continuous operation; the execution and effectiveness thereof shall not\nbe subject to any authorizations or approvals by the Commonwealth or any agency,\ncommission or instrumentality or political subdivision thereof except as\nspecifically required and provided in this chapter.\n\t\tPayments by a governmental unit under any contract for the purchase of\ncapacity and output from an authority shall be made solely from, and may be\nsecured by a pledge of and lien upon, the revenues derived by such governmental\nunit from the ownership and operation of the electric system of such\ngovernmental unit, and such payments may be made as an operating expense of such\nelectric system. No obligation under such contract shall constitute a legal or\nequitable pledge, charge, lien or encumbrance upon any property of the\ngovernmental unit or upon any of its income, receipts or revenues, except the\nrevenues of its electric system, and neither the faith and credit nor the taxing\npower of the governmental unit are, or may be, pledged for the payment of any\nobligation under any such contract. A governmental unit shall be obligated to\nfix, charge and collect rents, rates, fees and charges for electric power and\nenergy and other services, facilities and commodities sold, furnished or\nsupplied through its electric system sufficient to provide revenues adequate to\nmeet its obligations under any such contract and to pay any and all other\namounts payable from or constituting a charge and lien upon such revenues,\nincluding amounts sufficient to pay the principal of and interest on bonds of\nsuch governmental unit heretofore or hereafter issued for purposes related to\nits electric system. Any pledge made by a governmental unit pursuant to this\nparagraph shall be governed by the laws of the Commonwealth.\n\t\tAny member governmental unit of an authority may furnish the authority with\nmoney and provide the authority with personnel, equipment and property, both\nreal and personal. Any member governmental unit may also provide any services to\nan authority. Any member governmental unit may contract for, advance or\ncontribute funds to an authority as may be agreed upon by the authority, and the\nmember governmental unit and the authority shall repay such advances or\ncontributions from proceeds of bonds, from operating revenues or from any other\nfunds of the authority, together with interest thereon as may be agreed upon by\nthe member governmental units and authority.\n\nHISTORY: 1979, c. 416, \u00a7 15.1-1611; 1997, c. 587.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}