{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-5431.11.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-5431.11.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-5431.11.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-5431.11.html"}],"law_id":70147,"edition_id":1,"section_id":70147,"structure_id":13386,"section_number":"15.2-5431.11","catch_line":"Powers of authority","history":"2003, c. 643.","full_text":"Each authority is an instrumentality exercising public and essential governmental functions to provide for the public health and welfare, and each authority may:\n\n1\n\nExist for a term of 50 years as a corporation, and for such further period or periods as may from time to time be provided by appropriate resolutions of the political subdivision creating the authority; however, the term of an authority shall not be extended beyond a date 50 years from the date of the adoption of such resolutions;2\n\nAdopt, amend or repeal bylaws, rules and regulations, not inconsistent with this chapter or the general laws of the Commonwealth, for the regulation of its affairs and the conduct of its business and to carry into effect its powers and purposes;3\n\nAdopt an official seal and alter the same at pleasure;4\n\nMaintain an office at such place or places as it may designate;5\n\nSue and be sued;6\n\nAcquire, construct, reconstruct, improve, enlarge, operate or extend any project;7\n\nIssue revenue bonds of the authority, such bonds to be payable solely from revenues to pay all or a part of the cost of a project;8\n\nBorrow at such rates of interest as authorized by the general law for authorities and as the authority may determine and issue its notes, bonds or other obligations therefor. The political subdivision creating the authority may lend, advance or give money to such authority;9\n\nFix, charge and collect rates, fees and charges for the use of or for the services furnished by or for the benefit from any project operated by the authority. Such rates, fees, rents and charges shall be charged to and collected from any person contracting for the services or the lessee or tenant who uses or occupies any real estate that is served by or benefits from any such project. Connection and service fees established by an authority shall be fair and reasonable. Such fees shall be reviewed by the authority periodically and shall be adjusted, if necessary, to assure that they continue to be fair and reasonable; and10\n\nContract with any person, political subdivision, federal agency, or any public authority or unit, on such terms as the authority deems proper, for the purpose of acting as a billing and collecting agent for service fees, rents or charges imposed by an authority.","order_by":null,"text":{"0":{"id":253272,"text":"Each authority is an instrumentality exercising public and essential governmental functions to provide for the public health and welfare, and each authority may:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":253273,"text":"Exist for a term of 50 years as a corporation, and for such further period or periods as may from time to time be provided by appropriate resolutions of the political subdivision creating the authority; however, the term of an authority shall not be extended beyond a date 50 years from the date of the adoption of such resolutions;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":253274,"text":"Adopt, amend or repeal bylaws, rules and regulations, not inconsistent with this chapter or the general laws of the Commonwealth, for the regulation of its affairs and the conduct of its business and to carry into effect its powers and purposes;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":253275,"text":"Adopt an official seal and alter the same at pleasure;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":253276,"text":"Maintain an office at such place or places as it may designate;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":253277,"text":"Sue and be sued;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":253278,"text":"Acquire, construct, reconstruct, improve, enlarge, operate or extend any project;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":253279,"text":"Issue revenue bonds of the authority, such bonds to be payable solely from revenues to pay all or a part of the cost of a project;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":253280,"text":"Borrow at such rates of interest as authorized by the general law for authorities and as the authority may determine and issue its notes, bonds or other obligations therefor. The political subdivision creating the authority may lend, advance or give money to such authority;","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":253281,"text":"Fix, charge and collect rates, fees and charges for the use of or for the services furnished by or for the benefit from any project operated by the authority. Such rates, fees, rents and charges shall be charged to and collected from any person contracting for the services or the lessee or tenant who uses or occupies any real estate that is served by or benefits from any such project. Connection and service fees established by an authority shall be fair and reasonable. Such fees shall be reviewed by the authority periodically and shall be adjusted, if necessary, to assure that they continue to be fair and reasonable; and","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":253282,"text":"Contract with any person, political subdivision, federal agency, or any public authority or unit, on such terms as the authority deems proper, for the purpose of acting as a billing and collecting agent for service fees, rents or charges imposed by an authority.","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9"}},"ancestry":[{"id":13386,"edition_id":1,"name":"Virginia Wireless Service Authorities Act","identifier":"54.1","label":"chapter","depth":3,"order_by":1,"parent_id":12721,"metadata":{},"date_created":"2026-06-26 03:44:46","date_modified":"2026-06-26 03:44:46","permalink":{"id":159317,"object_type":"structure","relational_id":13386,"identifier":"54.1","token":"15.2\/IV\/54.1","url":"\/15.2\/IV\/54.1\/","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":61785,"structure_id":13386,"section_number":"15.2-5431.1","catch_line":"Title of chapter; construction","url":"\/15.2-5431.1\/","token":"15.2\/IV\/54.1\/15.2-5431.1","metadata":false},{"id":71650,"structure_id":13386,"section_number":"15.2-5431.10","catch_line":"Members of authority board; chief administrative or executive officer","url":"\/15.2-5431.10\/","token":"15.2\/IV\/54.1\/15.2-5431.10","metadata":false},{"id":70147,"structure_id":13386,"section_number":"15.2-5431.11","catch_line":"Powers of authority","url":"\/15.2-5431.11\/","token":"15.2\/IV\/54.1\/15.2-5431.11","metadata":false},{"id":61982,"structure_id":13386,"section_number":"15.2-5431.12","catch_line":"Contracts relating to use of systems","url":"\/15.2-5431.12\/","token":"15.2\/IV\/54.1\/15.2-5431.12","metadata":false},{"id":82027,"structure_id":13386,"section_number":"15.2-5431.13","catch_line":"Insurance for employees","url":"\/15.2-5431.13\/","token":"15.2\/IV\/54.1\/15.2-5431.13","metadata":false},{"id":56110,"structure_id":13386,"section_number":"15.2-5431.14","catch_line":"Issuance of revenue bonds","url":"\/15.2-5431.14\/","token":"15.2\/IV\/54.1\/15.2-5431.14","metadata":false},{"id":81744,"structure_id":13386,"section_number":"15.2-5431.15","catch_line":"Time for contesting validity of proposed bond issue; when bonds presumed valid","url":"\/15.2-5431.15\/","token":"15.2\/IV\/54.1\/15.2-5431.15","metadata":false},{"id":86453,"structure_id":13386,"section_number":"15.2-5431.16","catch_line":"Proceeds of bonds","url":"\/15.2-5431.16\/","token":"15.2\/IV\/54.1\/15.2-5431.16","metadata":false},{"id":84441,"structure_id":13386,"section_number":"15.2-5431.17","catch_line":"Interim receipts and temporary bonds; bonds mutilated, lost or destroyed","url":"\/15.2-5431.17\/","token":"15.2\/IV\/54.1\/15.2-5431.17","metadata":false},{"id":85429,"structure_id":13386,"section_number":"15.2-5431.18","catch_line":"Provisions of chapter only requirements for issue","url":"\/15.2-5431.18\/","token":"15.2\/IV\/54.1\/15.2-5431.18","metadata":false},{"id":64093,"structure_id":13386,"section_number":"15.2-5431.19","catch_line":"Limitations in bond resolution or trust agreement","url":"\/15.2-5431.19\/","token":"15.2\/IV\/54.1\/15.2-5431.19","metadata":false},{"id":58403,"structure_id":13386,"section_number":"15.2-5431.2","catch_line":"Definitions","url":"\/15.2-5431.2\/","token":"15.2\/IV\/54.1\/15.2-5431.2","metadata":false},{"id":80546,"structure_id":13386,"section_number":"15.2-5431.20","catch_line":"Bonds not debts of Commonwealth or participating political subdivision","url":"\/15.2-5431.20\/","token":"15.2\/IV\/54.1\/15.2-5431.20","metadata":false},{"id":84207,"structure_id":13386,"section_number":"15.2-5431.21","catch_line":"Exemption from taxation","url":"\/15.2-5431.21\/","token":"15.2\/IV\/54.1\/15.2-5431.21","metadata":false},{"id":57496,"structure_id":13386,"section_number":"15.2-5431.22","catch_line":"Trust agreement; bond resolution","url":"\/15.2-5431.22\/","token":"15.2\/IV\/54.1\/15.2-5431.22","metadata":false},{"id":67883,"structure_id":13386,"section_number":"15.2-5431.23","catch_line":"Disposition of unclaimed funds due on matured bonds or coupons","url":"\/15.2-5431.23\/","token":"15.2\/IV\/54.1\/15.2-5431.23","metadata":false},{"id":73153,"structure_id":13386,"section_number":"15.2-5431.24","catch_line":"Contracts concerning interest rates, currency, cash flow and other basis","url":"\/15.2-5431.24\/","token":"15.2\/IV\/54.1\/15.2-5431.24","metadata":false},{"id":67301,"structure_id":13386,"section_number":"15.2-5431.25","catch_line":"Rates and charges","url":"\/15.2-5431.25\/","token":"15.2\/IV\/54.1\/15.2-5431.25","metadata":false},{"id":59135,"structure_id":13386,"section_number":"15.2-5431.26","catch_line":"Enforcement of charges","url":"\/15.2-5431.26\/","token":"15.2\/IV\/54.1\/15.2-5431.26","metadata":false},{"id":54359,"structure_id":13386,"section_number":"15.2-5431.27","catch_line":"Lien for charges","url":"\/15.2-5431.27\/","token":"15.2\/IV\/54.1\/15.2-5431.27","metadata":false},{"id":77572,"structure_id":13386,"section_number":"15.2-5431.28","catch_line":"Trust funds","url":"\/15.2-5431.28\/","token":"15.2\/IV\/54.1\/15.2-5431.28","metadata":false},{"id":85539,"structure_id":13386,"section_number":"15.2-5431.29","catch_line":"Bondholder's remedies","url":"\/15.2-5431.29\/","token":"15.2\/IV\/54.1\/15.2-5431.29","metadata":false},{"id":87499,"structure_id":13386,"section_number":"15.2-5431.3","catch_line":"Creation of authority","url":"\/15.2-5431.3\/","token":"15.2\/IV\/54.1\/15.2-5431.3","metadata":false},{"id":61565,"structure_id":13386,"section_number":"15.2-5431.30","catch_line":"Refunding bonds","url":"\/15.2-5431.30\/","token":"15.2\/IV\/54.1\/15.2-5431.30","metadata":false},{"id":75635,"structure_id":13386,"section_number":"15.2-5431.31","catch_line":"Purchase in open market or otherwise","url":"\/15.2-5431.31\/","token":"15.2\/IV\/54.1\/15.2-5431.31","metadata":false},{"id":63793,"structure_id":13386,"section_number":"15.2-5431.32","catch_line":"Investment in bonds","url":"\/15.2-5431.32\/","token":"15.2\/IV\/54.1\/15.2-5431.32","metadata":false},{"id":67014,"structure_id":13386,"section_number":"15.2-5431.33","catch_line":"Financial report; authority budget; audit","url":"\/15.2-5431.33\/","token":"15.2\/IV\/54.1\/15.2-5431.33","metadata":false},{"id":55146,"structure_id":13386,"section_number":"15.2-5431.34","catch_line":"Use of state land","url":"\/15.2-5431.34\/","token":"15.2\/IV\/54.1\/15.2-5431.34","metadata":false},{"id":78387,"structure_id":13386,"section_number":"15.2-5431.35","catch_line":"Powers of localities to make grants and conveyances to and contracts with authority","url":"\/15.2-5431.35\/","token":"15.2\/IV\/54.1\/15.2-5431.35","metadata":false},{"id":78049,"structure_id":13386,"section_number":"15.2-5431.35:1","catch_line":"Creating or joining more than one authority","url":"\/15.2-5431.35_1\/","token":"15.2\/IV\/54.1\/15.2-5431.35_1","metadata":false},{"id":76332,"structure_id":13386,"section_number":"15.2-5431.36","catch_line":"Liability of members or officers","url":"\/15.2-5431.36\/","token":"15.2\/IV\/54.1\/15.2-5431.36","metadata":false},{"id":76654,"structure_id":13386,"section_number":"15.2-5431.37","catch_line":"Provisions of chapter cumulative; construction","url":"\/15.2-5431.37\/","token":"15.2\/IV\/54.1\/15.2-5431.37","metadata":false},{"id":73930,"structure_id":13386,"section_number":"15.2-5431.4","catch_line":"Resolution creating authority to include articles of incorporation","url":"\/15.2-5431.4\/","token":"15.2\/IV\/54.1\/15.2-5431.4","metadata":false},{"id":76825,"structure_id":13386,"section_number":"15.2-5431.5","catch_line":"Advertisement of resolution and notice of hearing","url":"\/15.2-5431.5\/","token":"15.2\/IV\/54.1\/15.2-5431.5","metadata":false},{"id":87226,"structure_id":13386,"section_number":"15.2-5431.6","catch_line":"Hearing; referendum","url":"\/15.2-5431.6\/","token":"15.2\/IV\/54.1\/15.2-5431.6","metadata":false},{"id":69398,"structure_id":13386,"section_number":"15.2-5431.7","catch_line":"Filing articles of incorporation","url":"\/15.2-5431.7\/","token":"15.2\/IV\/54.1\/15.2-5431.7","metadata":false},{"id":64588,"structure_id":13386,"section_number":"15.2-5431.8","catch_line":"Issuance of certificate or charter","url":"\/15.2-5431.8\/","token":"15.2\/IV\/54.1\/15.2-5431.8","metadata":false},{"id":61001,"structure_id":13386,"section_number":"15.2-5431.8:1","catch_line":"Amendment of articles of incorporation","url":"\/15.2-5431.8_1\/","token":"15.2\/IV\/54.1\/15.2-5431.8_1","metadata":false},{"id":83003,"structure_id":13386,"section_number":"15.2-5431.9","catch_line":"Dissolution and termination of authority","url":"\/15.2-5431.9\/","token":"15.2\/IV\/54.1\/15.2-5431.9","metadata":false},{"id":79934,"structure_id":13386,"section_number":"15.2-5431.9:1","catch_line":"Joinder of another locality or authority; withdrawal from authority","url":"\/15.2-5431.9_1\/","token":"15.2\/IV\/54.1\/15.2-5431.9_1","metadata":false}],"previous_section":{"id":71650,"structure_id":13386,"section_number":"15.2-5431.10","catch_line":"Members of authority board; chief administrative or executive officer","url":"\/15.2-5431.10\/","token":"15.2\/IV\/54.1\/15.2-5431.10","metadata":false},"next_section":{"id":61982,"structure_id":13386,"section_number":"15.2-5431.12","catch_line":"Contracts relating to use of systems","url":"\/15.2-5431.12\/","token":"15.2\/IV\/54.1\/15.2-5431.12","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-5431.11\/","history_text":"<p>This law was first created in 2003. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?031+ful+CHAP0643\">643<\/a> 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.<\/p>","references":[{"id":83003,"section_number":"15.2-5431.9","catch_line":"Dissolution and termination of authority","order_by":null,"url":"\/15.2-5431.9\/"}],"refers_to":false,"permalink":{"id":159327,"object_type":"law","relational_id":70147,"identifier":"15.2-5431.11","token":"15.2\/IV\/54.1\/15.2-5431.11","url":"\/15.2-5431.11\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-5431.11\/","token":"15.2\/IV\/54.1\/15.2-5431.11","dublin_core":{"Title":"Powers of authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-5431.11","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Each <span class=\"dictionary\">authority<\/span> is an instrumentality exercising public and essential governmental functions to provide for the public health and welfare, and each <span class=\"dictionary\">authority<\/span> may:<\/p><\/section>\n\t\t\t\t\t\t<section id=\"1\"><p><span class=\"prefix-number\">1.<\/span> Exist for a term of 50 years as a corporation, and for such further period or periods as may from time to time be provided by appropriate resolutions of the political subdivision creating the <span class=\"dictionary\">authority<\/span>; however, the term of an <span class=\"dictionary\">authority<\/span> shall not be extended beyond a date 50 years from the date of the adoption of such resolutions; <a id=\"paragraph-253273\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"2\"><p><span class=\"prefix-number\">2.<\/span> Adopt, <span class=\"dictionary\">amend<\/span> or repeal bylaws, rules and regulations, not inconsistent with this chapter or the general <span class=\"dictionary\">laws<\/span> of the Commonwealth, for the regulation of its affairs and the conduct of its business and to carry into effect its powers and purposes; <a id=\"paragraph-253274\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"3\"><p><span class=\"prefix-number\">3.<\/span> Adopt an official seal and alter the same at pleasure; <a id=\"paragraph-253275\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"4\"><p><span class=\"prefix-number\">4.<\/span> Maintain an office at such place or places as it may designate; <a id=\"paragraph-253276\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"5\"><p><span class=\"prefix-number\">5.<\/span> Sue and be sued; <a id=\"paragraph-253277\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"6\"><p><span class=\"prefix-number\">6.<\/span> Acquire, construct, reconstruct, improve, enlarge, operate or extend any <span class=\"dictionary\">project<\/span>; <a id=\"paragraph-253278\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"7\"><p><span class=\"prefix-number\">7.<\/span> <span class=\"dictionary\">Issue<\/span> revenue <span class=\"dictionary\">bonds<\/span> of the <span class=\"dictionary\">authority<\/span>, such <span class=\"dictionary\">bonds<\/span> to be payable solely from revenues to pay all or a part of the cost of a <span class=\"dictionary\">project<\/span>; <a id=\"paragraph-253279\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#7\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"8\"><p><span class=\"prefix-number\">8.<\/span> Borrow at such rates of interest as authorized by the general <span class=\"dictionary\">law<\/span> for authorities and as the <span class=\"dictionary\">authority<\/span> may determine and <span class=\"dictionary\">issue<\/span> its notes, <span class=\"dictionary\">bonds<\/span> or other obligations therefor. The political subdivision creating the <span class=\"dictionary\">authority<\/span> may lend, advance or give money to such <span class=\"dictionary\">authority<\/span>; <a id=\"paragraph-253280\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#8\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"9\"><p><span class=\"prefix-number\">9.<\/span> Fix, charge and collect rates, fees and charges for the use of or for the services furnished by or for the benefit from any <span class=\"dictionary\">project<\/span> operated by the <span class=\"dictionary\">authority<\/span>. Such rates, fees, rents and charges shall be charged to and collected from any person contracting for the services or the lessee or tenant who uses or occupies any real estate that is served by or benefits from any such <span class=\"dictionary\">project<\/span>. Connection and service fees established by an <span class=\"dictionary\">authority<\/span> shall be fair and reasonable. Such fees shall be reviewed by the <span class=\"dictionary\">authority<\/span> periodically and shall be adjusted, if necessary, to assure that they continue to be fair and reasonable; and <a id=\"paragraph-253281\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#9\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"10\"><p><span class=\"prefix-number\">10.<\/span> <span class=\"dictionary\">Contract<\/span> with any person, political subdivision, federal agency, or any public <span class=\"dictionary\">authority<\/span> or unit, on such terms as the <span class=\"dictionary\">authority<\/span> deems proper, for the purpose of acting as a billing and collecting agent for service fees, rents or charges imposed by an <span class=\"dictionary\">authority<\/span>. <a id=\"paragraph-253282\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/15.2-5431.11\/#10\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPOWERS OF AUTHORITY (\u00a7 15.2-5431.11)\n\nEach authority is an instrumentality exercising public and essential\ngovernmental functions to provide for the public health and welfare, and each\nauthority may:\n\n1. Exist for a term of 50 years as a corporation, and for such further period or\nperiods as may from time to time be provided by appropriate resolutions of the\npolitical subdivision creating the authority; however, the term of an authority\nshall not be extended beyond a date 50 years from the date of the adoption of\nsuch resolutions;\n\n2. Adopt, amend or repeal bylaws, rules and regulations, not inconsistent with\nthis chapter or the general laws of the Commonwealth, for the regulation of its\naffairs and the conduct of its business and to carry into effect its powers and\npurposes;\n\n3. Adopt an official seal and alter the same at pleasure;\n\n4. Maintain an office at such place or places as it may designate;\n\n5. Sue and be sued;\n\n6. Acquire, construct, reconstruct, improve, enlarge, operate or extend any\nproject;\n\n7. Issue revenue bonds of the authority, such bonds to be payable solely from\nrevenues to pay all or a part of the cost of a project;\n\n8. Borrow at such rates of interest as authorized by the general law for\nauthorities and as the authority may determine and issue its notes, bonds or\nother obligations therefor. The political subdivision creating the authority may\nlend, advance or give money to such authority;\n\n9. Fix, charge and collect rates, fees and charges for the use of or for the\nservices furnished by or for the benefit from any project operated by the\nauthority. Such rates, fees, rents and charges shall be charged to and collected\nfrom any person contracting for the services or the lessee or tenant who uses or\noccupies any real estate that is served by or benefits from any such project.\nConnection and service fees established by an authority shall be fair and\nreasonable. Such fees shall be reviewed by the authority periodically and shall\nbe adjusted, if necessary, to assure that they continue to be fair and\nreasonable; and\n\n10. Contract with any person, political subdivision, federal agency, or any\npublic authority or unit, on such terms as the authority deems proper, for the\npurpose of acting as a billing and collecting agent for service fees, rents or\ncharges imposed by an authority.\n\nHISTORY: 2003, c. 643.","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}}