{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-2400.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-2400.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-2400.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-2400.html"}],"law_id":65528,"edition_id":1,"section_id":65528,"structure_id":13799,"section_number":"23.1-2400","catch_line":"Definitions","history":"1996, cc. 905, 1046, \u00a7 23-50.16:4; 2000, c. 720; 2016, c. 588; 2023, cc. 148, 149.","full_text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Commonwealth University Health System Authority.\n\t\t“Board” means the board of directors of the Authority.\n\t\t“Bonds” means bonds, notes, revenue certificates, lease participation certificates, or other evidences of indebtedness or deferred purchase financing arrangements.\n\t\t“Chief executive officer” means the chief executive officer of the Virginia Commonwealth University Health System Authority.\n\t\t“Costs” means (i) costs of (a) construction, reconstruction, renovation, site work, and acquisition of lands, structures, rights-of-way, franchises, easements, and other property rights and interests; (b) demolition, removal, or relocation of buildings or structures; (c) labor, materials, machinery, and all other kinds of equipment; (d) engineering and inspections; (e) financial, legal, and accounting services; (f) plans, specifications, studies, and surveys; (g) estimates of costs and of revenues; (h) feasibility studies; and (i) issuance of bonds, including printing, engraving, advertising, legal, and other similar expenses; (ii) financing charges; (iii) administrative expenses, including administrative expenses during the start-up of any project; (iv) credit enhancement and liquidity facility fees; (v) fees for interest rate caps, collars, swaps, or other financial derivative products; (vi) interest on bonds in connection with a project prior to and during construction or acquisition thereof and for a period not exceeding one year thereafter; (vii) provisions for working capital to be used in connection with any project; (viii) redemption premiums, obligations purchased to provide for the payment of bonds being refunded, and other costs necessary or incident to refunding of bonds; (ix) operating and maintenance reserve funds, debt reserve funds, and other reserves for the payment of principal and interest on bonds; (x) all other expenses necessary, desirable, or incidental to the operation of the Authority’s facilities or the construction, reconstruction, renovation, acquisition, or financing of projects, other facilities, or equipment appropriate for carrying out the purposes of this chapter and the placing of the same in operation; or (xi) the refunding of bonds.\n\t\t“Hospital facilities” means all property or rights in property, real and personal, tangible and intangible, including all facilities suitable for providing hospital and health care services and all structures, buildings, improvements, additions, extensions, replacements, appurtenances, lands, rights in land, furnishings, landscaping, approaches, roadways, and other related and supporting facilities owned, leased, operated, or used, in whole or in part, by Virginia Commonwealth University as part of, or in connection with, MCV Hospitals in the normal course of its operations as a teaching, research, and medical treatment facility.\n\t\t“Hospital obligations” means all debts or other obligations, contingent or certain, owing to any person or other entity on the transfer date, arising out of the operation of MCV Hospitals as a medical treatment facility or the financing or refinancing of hospital facilities and including all bonds and other debts for the purchase of goods and services, whether or not delivered, and obligations for the delivery of services, whether or not performed.\n\t\t“Project” means any health care, research, or educational facility or equipment necessary or convenient to or consistent with the purposes of the Authority, whether owned by the Authority, including hospitals; nursing homes; continuing care facilities; self-care facilities; wellness and health maintenance centers; medical office facilities; clinics; outpatient clinics; surgical centers; alcohol, substance abuse, and drug treatment centers; laboratories; sanitariums; hospices; facilities for the residence or care of elderly or chronically ill individuals or individuals with disabilities; residential facilities for nurses, interns, and physicians; other kinds of facilities for the treatment of sick, disturbed, or infirm individuals, the prevention of disease, or maintenance of health; colleges, schools, or divisions offering undergraduate or graduate programs for the health professions and sciences and such other courses of study as may be appropriate, together with research, training, and teaching facilities; all necessary or desirable related and supporting facilities and equipment or equipment alone, including (i) parking, kitchen, laundry, laboratory, wellness, pharmaceutical, administrative, communications, computer, and recreational facilities; (ii) power plants and equipment; (iii) storage space; (iv) mobile medical facilities; (v) vehicles; (vi) air transport equipment; and (vii) other equipment necessary or desirable for the transportation of medical equipment, medical personnel, or patients; and all lands, buildings, improvements, approaches, and appurtenances necessary or desirable in connection with or incidental to any project.\n\t\t“Transfer date” means a date or dates agreed to by the board of visitors of Virginia Commonwealth University and the Authority for the transfer of employees to the Authority and for the transfer of hospital facilities, or any parts thereof, to and the assumption, directly or indirectly, of hospital obligations by the Authority, which dates for the various transfers and the various assumptions may be different, but in no event shall any date be later than June 30, 1997.\n\t\t“University” means Virginia Commonwealth University.","order_by":null,"text":{"0":{"id":238238,"text":"As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Commonwealth University Health System Authority.\n\t\t“Board” means the board of directors of the Authority.\n\t\t“Bonds” means bonds, notes, revenue certificates, lease participation certificates, or other evidences of indebtedness or deferred purchase financing arrangements.\n\t\t“Chief executive officer” means the chief executive officer of the Virginia Commonwealth University Health System Authority.\n\t\t“Costs” means (i) costs of (a) construction, reconstruction, renovation, site work, and acquisition of lands, structures, rights-of-way, franchises, easements, and other property rights and interests; (b) demolition, removal, or relocation of buildings or structures; (c) labor, materials, machinery, and all other kinds of equipment; (d) engineering and inspections; (e) financial, legal, and accounting services; (f) plans, specifications, studies, and surveys; (g) estimates of costs and of revenues; (h) feasibility studies; and (i) issuance of bonds, including printing, engraving, advertising, legal, and other similar expenses; (ii) financing charges; (iii) administrative expenses, including administrative expenses during the start-up of any project; (iv) credit enhancement and liquidity facility fees; (v) fees for interest rate caps, collars, swaps, or other financial derivative products; (vi) interest on bonds in connection with a project prior to and during construction or acquisition thereof and for a period not exceeding one year thereafter; (vii) provisions for working capital to be used in connection with any project; (viii) redemption premiums, obligations purchased to provide for the payment of bonds being refunded, and other costs necessary or incident to refunding of bonds; (ix) operating and maintenance reserve funds, debt reserve funds, and other reserves for the payment of principal and interest on bonds; (x) all other expenses necessary, desirable, or incidental to the operation of the Authority’s facilities or the construction, reconstruction, renovation, acquisition, or financing of projects, other facilities, or equipment appropriate for carrying out the purposes of this chapter and the placing of the same in operation; or (xi) the refunding of bonds.\n\t\t“Hospital facilities” means all property or rights in property, real and personal, tangible and intangible, including all facilities suitable for providing hospital and health care services and all structures, buildings, improvements, additions, extensions, replacements, appurtenances, lands, rights in land, furnishings, landscaping, approaches, roadways, and other related and supporting facilities owned, leased, operated, or used, in whole or in part, by Virginia Commonwealth University as part of, or in connection with, MCV Hospitals in the normal course of its operations as a teaching, research, and medical treatment facility.\n\t\t“Hospital obligations” means all debts or other obligations, contingent or certain, owing to any person or other entity on the transfer date, arising out of the operation of MCV Hospitals as a medical treatment facility or the financing or refinancing of hospital facilities and including all bonds and other debts for the purchase of goods and services, whether or not delivered, and obligations for the delivery of services, whether or not performed.\n\t\t“Project” means any health care, research, or educational facility or equipment necessary or convenient to or consistent with the purposes of the Authority, whether owned by the Authority, including hospitals; nursing homes; continuing care facilities; self-care facilities; wellness and health maintenance centers; medical office facilities; clinics; outpatient clinics; surgical centers; alcohol, substance abuse, and drug treatment centers; laboratories; sanitariums; hospices; facilities for the residence or care of elderly or chronically ill individuals or individuals with disabilities; residential facilities for nurses, interns, and physicians; other kinds of facilities for the treatment of sick, disturbed, or infirm individuals, the prevention of disease, or maintenance of health; colleges, schools, or divisions offering undergraduate or graduate programs for the health professions and sciences and such other courses of study as may be appropriate, together with research, training, and teaching facilities; all necessary or desirable related and supporting facilities and equipment or equipment alone, including (i) parking, kitchen, laundry, laboratory, wellness, pharmaceutical, administrative, communications, computer, and recreational facilities; (ii) power plants and equipment; (iii) storage space; (iv) mobile medical facilities; (v) vehicles; (vi) air transport equipment; and (vii) other equipment necessary or desirable for the transportation of medical equipment, medical personnel, or patients; and all lands, buildings, improvements, approaches, and appurtenances necessary or desirable in connection with or incidental to any project.\n\t\t“Transfer date” means a date or dates agreed to by the board of visitors of Virginia Commonwealth University and the Authority for the transfer of employees to the Authority and for the transfer of hospital facilities, or any parts thereof, to and the assumption, directly or indirectly, of hospital obligations by the Authority, which dates for the various transfers and the various assumptions may be different, but in no event shall any date be later than June 30, 1997.\n\t\t“University” means Virginia Commonwealth University.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13799,"edition_id":1,"name":"Virginia Commonwealth University Health System Authority","identifier":"24","label":"chapter","depth":3,"order_by":1,"parent_id":13798,"metadata":{},"date_created":"2026-06-26 03:45:54","date_modified":"2026-06-26 03:45:54","permalink":{"id":186325,"object_type":"structure","relational_id":13799,"identifier":"24","token":"23.1\/IV\/24","url":"\/23.1\/IV\/24\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13798,"edition_id":1,"name":"Public Institutions of Higher Education","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":13111,"metadata":{},"date_created":"2026-06-26 03:45:54","date_modified":"2026-06-26 03:45:54","permalink":{"id":185925,"object_type":"structure","relational_id":13798,"identifier":"IV","token":"23.1\/IV","url":"\/23.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13111,"edition_id":1,"name":"Institutions of Higher Education; Other Educational and Cultural Institutions","identifier":"23.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:18","date_modified":"2026-06-26 03:44:18","permalink":{"id":184581,"object_type":"structure","relational_id":13111,"identifier":"23.1","token":"23.1","url":"\/23.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65528,"structure_id":13799,"section_number":"23.1-2400","catch_line":"Definitions","url":"\/23.1-2400\/","token":"23.1\/IV\/24\/23.1-2400","metadata":false},{"id":87275,"structure_id":13799,"section_number":"23.1-2401","catch_line":"Authority established; powers, purposes, and duties","url":"\/23.1-2401\/","token":"23.1\/IV\/24\/23.1-2401","metadata":false},{"id":83861,"structure_id":13799,"section_number":"23.1-2402","catch_line":"Board of directors; membership; meetings; officers; employees","url":"\/23.1-2402\/","token":"23.1\/IV\/24\/23.1-2402","metadata":false},{"id":65699,"structure_id":13799,"section_number":"23.1-2403","catch_line":"Chief executive officer of the Authority","url":"\/23.1-2403\/","token":"23.1\/IV\/24\/23.1-2403","metadata":false},{"id":84554,"structure_id":13799,"section_number":"23.1-2404","catch_line":"Powers of the Authority","url":"\/23.1-2404\/","token":"23.1\/IV\/24\/23.1-2404","metadata":false},{"id":79075,"structure_id":13799,"section_number":"23.1-2405","catch_line":"Additional powers of the Authority; operation of projects","url":"\/23.1-2405\/","token":"23.1\/IV\/24\/23.1-2405","metadata":false},{"id":76209,"structure_id":13799,"section_number":"23.1-2406","catch_line":"Additional powers of the Authority; police","url":"\/23.1-2406\/","token":"23.1\/IV\/24\/23.1-2406","metadata":false},{"id":70929,"structure_id":13799,"section_number":"23.1-2407","catch_line":"Public purpose","url":"\/23.1-2407\/","token":"23.1\/IV\/24\/23.1-2407","metadata":false},{"id":69160,"structure_id":13799,"section_number":"23.1-2408","catch_line":"Moneys of the Authority","url":"\/23.1-2408\/","token":"23.1\/IV\/24\/23.1-2408","metadata":false},{"id":72231,"structure_id":13799,"section_number":"23.1-2409","catch_line":"Grants and loans from localities","url":"\/23.1-2409\/","token":"23.1\/IV\/24\/23.1-2409","metadata":false},{"id":84421,"structure_id":13799,"section_number":"23.1-2410","catch_line":"Audit","url":"\/23.1-2410\/","token":"23.1\/IV\/24\/23.1-2410","metadata":false},{"id":81759,"structure_id":13799,"section_number":"23.1-2411","catch_line":"Exemption from taxation","url":"\/23.1-2411\/","token":"23.1\/IV\/24\/23.1-2411","metadata":false},{"id":64806,"structure_id":13799,"section_number":"23.1-2412","catch_line":"Transfer of existing hospital facilities","url":"\/23.1-2412\/","token":"23.1\/IV\/24\/23.1-2412","metadata":false},{"id":67264,"structure_id":13799,"section_number":"23.1-2413","catch_line":"Capital projects","url":"\/23.1-2413\/","token":"23.1\/IV\/24\/23.1-2413","metadata":false},{"id":82926,"structure_id":13799,"section_number":"23.1-2414","catch_line":"Leases of property","url":"\/23.1-2414\/","token":"23.1\/IV\/24\/23.1-2414","metadata":false},{"id":79842,"structure_id":13799,"section_number":"23.1-2415","catch_line":"Employees of the Authority","url":"\/23.1-2415\/","token":"23.1\/IV\/24\/23.1-2415","metadata":false},{"id":54806,"structure_id":13799,"section_number":"23.1-2416","catch_line":"Retirement benefits for employees of the Authority","url":"\/23.1-2416\/","token":"23.1\/IV\/24\/23.1-2416","metadata":false},{"id":63807,"structure_id":13799,"section_number":"23.1-2417","catch_line":"Insurance for employees of the Authority","url":"\/23.1-2417\/","token":"23.1\/IV\/24\/23.1-2417","metadata":false},{"id":84438,"structure_id":13799,"section_number":"23.1-2418","catch_line":"Power to issue bonds","url":"\/23.1-2418\/","token":"23.1\/IV\/24\/23.1-2418","metadata":false},{"id":81901,"structure_id":13799,"section_number":"23.1-2419","catch_line":"Liability on bonds","url":"\/23.1-2419\/","token":"23.1\/IV\/24\/23.1-2419","metadata":false},{"id":79367,"structure_id":13799,"section_number":"23.1-2420","catch_line":"Form of bonds","url":"\/23.1-2420\/","token":"23.1\/IV\/24\/23.1-2420","metadata":false},{"id":55443,"structure_id":13799,"section_number":"23.1-2421","catch_line":"Trust indentures and mortgages; security for the bonds","url":"\/23.1-2421\/","token":"23.1\/IV\/24\/23.1-2421","metadata":false},{"id":62976,"structure_id":13799,"section_number":"23.1-2422","catch_line":"Remedies of obligees of Authority","url":"\/23.1-2422\/","token":"23.1\/IV\/24\/23.1-2422","metadata":false},{"id":83360,"structure_id":13799,"section_number":"23.1-2423","catch_line":"Bonds to be legal investments","url":"\/23.1-2423\/","token":"23.1\/IV\/24\/23.1-2423","metadata":false},{"id":82595,"structure_id":13799,"section_number":"23.1-2424","catch_line":"Existing bonds","url":"\/23.1-2424\/","token":"23.1\/IV\/24\/23.1-2424","metadata":false},{"id":76552,"structure_id":13799,"section_number":"23.1-2425","catch_line":"Confidential and public information","url":"\/23.1-2425\/","token":"23.1\/IV\/24\/23.1-2425","metadata":false},{"id":61120,"structure_id":13799,"section_number":"23.1-2426","catch_line":"Chapter liberally construed","url":"\/23.1-2426\/","token":"23.1\/IV\/24\/23.1-2426","metadata":false},{"id":73772,"structure_id":13799,"section_number":"23.1-2427","catch_line":"Exemptions","url":"\/23.1-2427\/","token":"23.1\/IV\/24\/23.1-2427","metadata":false},{"id":58579,"structure_id":13799,"section_number":"23.1-2428","catch_line":"Assets of Authority; reversion to University","url":"\/23.1-2428\/","token":"23.1\/IV\/24\/23.1-2428","metadata":false}],"next_section":{"id":87275,"structure_id":13799,"section_number":"23.1-2401","catch_line":"Authority established; powers, purposes, and duties","url":"\/23.1-2401\/","token":"23.1\/IV\/24\/23.1-2401","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-2400\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapters 905<\/a> and 1046<\/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. It has been modified 3 times. 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. Those modifications are as follows: in 2000, chapter 720<\/a>; in 2016, chapter 588<\/a>; in 2023, chapters 148<\/a> and 149<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":186327,"object_type":"law","relational_id":65528,"identifier":"23.1-2400","token":"23.1\/IV\/24\/23.1-2400","url":"\/23.1-2400\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-2400\/","token":"23.1\/IV\/24\/23.1-2400","dublin_core":{"Title":"Definitions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-2400","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As used in this chapter, unless the context requires a different meaning:\n\t\t“Authority<\/span>” means the Virginia Commonwealth University<\/span> Health System<\/span> Authority<\/span>.\n\t\t“Board<\/span>” means the board<\/span> of directors of the Authority<\/span>.\n\t\t“Bonds<\/span><\/span>” means bonds<\/span><\/span>, notes, revenue certificates, lease participation certificates, or other evidences<\/span> of indebtedness or deferred purchase financing arrangements.\n\t\t“Chief executive officer<\/span>” means the chief executive officer<\/span> of the Virginia Commonwealth University<\/span> Health System<\/span> Authority<\/span>.\n\t\t“Costs<\/span>” means (i) costs<\/span> of (a) construction, reconstruction, renovation, site work, and acquisition of lands, structures, rights-of-way, franchises, easements, and other property rights and interests; (b) demolition, removal, or relocation of buildings or structures; (c) labor, materials<\/span>, machinery, and all other kinds of equipment; (d) engineering and inspections; (e) financial, legal, and accounting services; (f) plans, specifications, studies, and surveys; (g) estimates of costs<\/span> and of revenues; (h) feasibility studies; and (i) issuance of bonds<\/span><\/span>, including printing, engraving, advertising, legal, and other similar expenses; (ii) financing charges; (iii) administrative expenses, including administrative expenses during the start-up of any project<\/span>; (iv) credit enhancement and liquidity facility fees; (v) fees for interest rate caps, collars, swaps, or other financial derivative products; (vi) interest on bonds<\/span><\/span> in connection with a project<\/span> prior to and during construction or acquisition thereof and for a period not exceeding one year thereafter; (vii) provisions for working capital to be used in connection with any project<\/span>; (viii) redemption<\/span> premiums, obligations purchased to provide for the payment of bonds<\/span><\/span> being refunded, and other costs<\/span> necessary or incident to refunding of bonds<\/span><\/span>; (ix) operating and maintenance reserve funds, debt reserve funds, and other reserves for the payment of principal and interest on bonds<\/span><\/span>; (x) all other expenses necessary, desirable, or incidental to the operation of the Authority<\/span>’s facilities or the construction, reconstruction, renovation, acquisition, or financing of projects<\/span>, other facilities, or equipment appropriate for carrying out the purposes of this chapter and the placing of the same in operation; or (xi) the refunding of bonds<\/span><\/span>.\n\t\t“Hospital facilities<\/span>” means all property or rights in property, real and personal, tangible and intangible, including all facilities suitable for providing hospital and health care services and all structures, buildings, improvements, additions, extensions, replacements, appurtenances, lands, rights in land, furnishings, landscaping, approaches, roadways, and other related and supporting facilities owned, leased, operated, or used, in whole or in part, by Virginia Commonwealth University<\/span> as part of, or in connection with, MCV Hospitals in the normal course of its operations as a teaching, research, and medical treatment facility.\n\t\t“Hospital obligations<\/span>” means all debts or other obligations, contingent or certain, owing to any person or other entity on the transfer date<\/span>, arising out of the operation of MCV Hospitals as a medical treatment facility or the financing or refinancing of hospital facilities<\/span> and including all bonds<\/span><\/span> and other debts for the purchase of goods and services, whether or not delivered, and obligations for the delivery of services, whether or not performed.\n\t\t“Project<\/span>” means any health care, research, or educational facility or equipment necessary or convenient to or consistent with the purposes of the Authority<\/span>, whether owned by the Authority<\/span>, including hospitals; nursing homes; continuing care facilities; self-care facilities; wellness and health maintenance centers; medical office facilities; clinics; outpatient clinics; surgical centers; alcohol, substance abuse, and drug treatment centers; laboratories; sanitariums; hospices; facilities for the residence or care of elderly or chronically ill individuals or individuals with disabilities; residential facilities for nurses, interns, and physicians; other kinds of facilities for the treatment of sick, disturbed, or infirm individuals, the prevention of disease, or maintenance of health; colleges, schools, or divisions offering undergraduate or graduate programs for the health professions and sciences and such other courses of study as may be appropriate, together with research, training, and teaching facilities; all necessary or desirable related and supporting facilities and equipment or equipment alone, including (i) parking, kitchen, laundry, laboratory, wellness, pharmaceutical, administrative, communications, computer, and recreational facilities; (ii) power plants and equipment; (iii) storage space; (iv) mobile medical facilities; (v) vehicles; (vi) air transport equipment; and (vii) other equipment necessary or desirable for the transportation of medical equipment, medical personnel, or patients; and all lands, buildings, improvements, approaches, and appurtenances necessary or desirable in connection with or incidental to any project<\/span>.\n\t\t“Transfer date<\/span>” means a date or dates agreed to by the board<\/span> of visitors of Virginia Commonwealth University<\/span> and the Authority<\/span> for the transfer of employees to the Authority<\/span> and for the transfer of hospital facilities<\/span>, or any parts thereof, to and the assumption, directly or indirectly, of hospital obligations<\/span> by the Authority<\/span>, which dates for the various transfers and the various assumptions may be different, but in no event shall any date be later than June 30, 1997.\n\t\t“University<\/span>” means Virginia Commonwealth University<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDEFINITIONS (\u00a7 23.1-2400)\n\nAs used in this chapter, unless the context requires a different meaning:\n\t\t“Authority” means the Virginia Commonwealth University Health\nSystem Authority.\n\t\t“Board” means the board of directors of the Authority.\n\t\t“Bonds” means bonds, notes, revenue certificates, lease\nparticipation certificates, or other evidences of indebtedness or deferred\npurchase financing arrangements.\n\t\t“Chief executive officer” means the chief executive officer of the\nVirginia Commonwealth University Health System Authority.\n\t\t“Costs” means (i) costs of (a) construction, reconstruction,\nrenovation, site work, and acquisition of lands, structures, rights-of-way,\nfranchises, easements, and other property rights and interests; (b) demolition,\nremoval, or relocation of buildings or structures; (c) labor, materials,\nmachinery, and all other kinds of equipment; (d) engineering and inspections;\n(e) financial, legal, and accounting services; (f) plans, specifications,\nstudies, and surveys; (g) estimates of costs and of revenues; (h) feasibility\nstudies; and (i) issuance of bonds, including printing, engraving, advertising,\nlegal, and other similar expenses; (ii) financing charges; (iii) administrative\nexpenses, including administrative expenses during the start-up of any project;\n(iv) credit enhancement and liquidity facility fees; (v) fees for interest rate\ncaps, collars, swaps, or other financial derivative products; (vi) interest on\nbonds in connection with a project prior to and during construction or\nacquisition thereof and for a period not exceeding one year thereafter; (vii)\nprovisions for working capital to be used in connection with any project; (viii)\nredemption premiums, obligations purchased to provide for the payment of bonds\nbeing refunded, and other costs necessary or incident to refunding of bonds;\n(ix) operating and maintenance reserve funds, debt reserve funds, and other\nreserves for the payment of principal and interest on bonds; (x) all other\nexpenses necessary, desirable, or incidental to the operation of the\nAuthority’s facilities or the construction, reconstruction, renovation,\nacquisition, or financing of projects, other facilities, or equipment\nappropriate for carrying out the purposes of this chapter and the placing of the\nsame in operation; or (xi) the refunding of bonds.\n\t\t“Hospital facilities” means all property or rights in property,\nreal and personal, tangible and intangible, including all facilities suitable\nfor providing hospital and health care services and all structures, buildings,\nimprovements, additions, extensions, replacements, appurtenances, lands, rights\nin land, furnishings, landscaping, approaches, roadways, and other related and\nsupporting facilities owned, leased, operated, or used, in whole or in part, by\nVirginia Commonwealth University as part of, or in connection with, MCV\nHospitals in the normal course of its operations as a teaching, research, and\nmedical treatment facility.\n\t\t“Hospital obligations” means all debts or other obligations,\ncontingent or certain, owing to any person or other entity on the transfer date,\narising out of the operation of MCV Hospitals as a medical treatment facility or\nthe financing or refinancing of hospital facilities and including all bonds and\nother debts for the purchase of goods and services, whether or not delivered,\nand obligations for the delivery of services, whether or not performed.\n\t\t“Project” means any health care, research, or educational facility\nor equipment necessary or convenient to or consistent with the purposes of the\nAuthority, whether owned by the Authority, including hospitals; nursing homes;\ncontinuing care facilities; self-care facilities; wellness and health\nmaintenance centers; medical office facilities; clinics; outpatient clinics;\nsurgical centers; alcohol, substance abuse, and drug treatment centers;\nlaboratories; sanitariums; hospices; facilities for the residence or care of\nelderly or chronically ill individuals or individuals with disabilities;\nresidential facilities for nurses, interns, and physicians; other kinds of\nfacilities for the treatment of sick, disturbed, or infirm individuals, the\nprevention of disease, or maintenance of health; colleges, schools, or divisions\noffering undergraduate or graduate programs for the health professions and\nsciences and such other courses of study as may be appropriate, together with\nresearch, training, and teaching facilities; all necessary or desirable related\nand supporting facilities and equipment or equipment alone, including (i)\nparking, kitchen, laundry, laboratory, wellness, pharmaceutical, administrative,\ncommunications, computer, and recreational facilities; (ii) power plants and\nequipment; (iii) storage space; (iv) mobile medical facilities; (v) vehicles;\n(vi) air transport equipment; and (vii) other equipment necessary or desirable\nfor the transportation of medical equipment, medical personnel, or patients; and\nall lands, buildings, improvements, approaches, and appurtenances necessary or\ndesirable in connection with or incidental to any project.\n\t\t“Transfer date” means a date or dates agreed to by the board of\nvisitors of Virginia Commonwealth University and the Authority for the transfer\nof employees to the Authority and for the transfer of hospital facilities, or\nany parts thereof, to and the assumption, directly or indirectly, of hospital\nobligations by the Authority, which dates for the various transfers and the\nvarious assumptions may be different, but in no event shall any date be later\nthan June 30, 1997.\n\t\t“University” means Virginia Commonwealth University.\n\nHISTORY: 1996, cc. 905, 1046, \u00a7 23-50.16:4; 2000, c. 720; 2016, c. 588; 2023,\ncc. 148, 149.","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}}