{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/23.1-2404.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/23.1-2404.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/23.1-2404.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/23.1-2404.html"}],"law_id":84554,"edition_id":1,"section_id":84554,"structure_id":13799,"section_number":"23.1-2404","catch_line":"Powers of the Authority","history":"1996, cc. 905, 1046, \u00a7\u00a7 23-50.16:2, 23-50.16:6, 23-50.16:11, 23-50.16:12, 23-50.16:13, 23-50.16:14; 2003, c. 940; 2006, c. 673; 2016, c. 588; 2017, c. 314.","full_text":"A\n\nThe Authority has all the powers necessary or convenient to carry out the purposes and provisions of this chapter, including the power to:1\n\nSue and be sued in its own name;2\n\nHave and alter an official seal;3\n\nHave perpetual duration and succession in its name;4\n\nLocate and maintain offices at such places as it may designate;5\n\nMake and execute contracts, guarantees, or any other instruments and agreements necessary or convenient for the exercise of its powers and functions, including contracts with hospitals or health care businesses to operate and manage any or all of the hospital facilities or operations, and incur liabilities and secure the obligations of any entity or individual;6\n\nConduct or engage in any lawful business, activity, effort, or project consistent with the Authority’s purposes or necessary or convenient to exercise its powers;7\n\nExercise, in addition to its other powers, all powers that are (i) granted to corporations by the provisions of Title 13.1 or similar provisions of any successor law, except in those cases in which the power is confined to corporations created under such title, and (ii) not inconsistent with the purposes and intent of this chapter or the limitations included in this chapter;8\n\nAccept, hold, and enjoy any gift, devise, or bequest to the Authority or its predecessors to be held for the uses and purposes designated by the donor, if any, or if not so designated, for the general purposes of the Authority, whether given directly or indirectly, and accept, execute, and administer any trust or endowment fund in which it has or may have an interest under the terms of the instrument creating the trust or endowment fund;9\n\nBorrow money and issue bonds as provided in this chapter and purchase such bonds;10\n\nSeek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Virginia Public Building Authority and the Virginia College Building Authority, which authorities may borrow money and make and issue negotiable notes, bonds, and other evidences of indebtedness to provide such financing relating to the hospital facilities or any project;11\n\nSeek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Commonwealth as otherwise provided by law relating to the hospital facilities or any project;12\n\nProcure such insurance, participate in such insurance plans, or provide such self-insurance as it deems necessary or convenient to carry out the purposes and provisions of this chapter. The purchase of insurance, participation in an insurance plan, or creation of a self-insurance plan by the Authority is not a waiver or relinquishment of any sovereign immunity to which the Authority or its officers, directors, employees, or agents are otherwise entitled;13\n\nDevelop policies and procedures generally applicable to the procurement of goods, services, and construction based upon competitive principles;14\n\nExcept as to those hospital facilities or any part of such facilities that are leased to the Authority by the University, the control and disposition of which shall be determined by such lease instruments:\n\t\t\t\ta. Own, hold, improve, use, and otherwise deal with real or personal property, tangible or intangible, or any right, easement, estate, or interest in such property, acquired by purchase, exchange, gift, assignment, transfer, foreclosure, lease, bequest, devise, operation of law, or other means on such terms and conditions and in such manner as it may deem proper;\n\t\t\t\tb. Sell, assign, lease, encumber, mortgage, or otherwise dispose of any project, any other real or personal property, tangible or intangible, any right, easement, estate, or interest in such property, or any deed of trust or mortgage lien interest that it owns, that is under its control or custody or in its possession;\n\t\t\t\tc. Release or relinquish any right, title, claim, lien, interest, easement, or demand however acquired, including any equity or right of redemption in property foreclosed by it; and\n\t\t\t\td. Take any action pursuant to subdivision 14 by public or private sale or with or without public bidding, notwithstanding the provisions of any other law;15\n\nAccept loans, grants, contributions, or other assistance from the federal government, the Commonwealth, any political subdivision of the Commonwealth, or any other public or private source to carry out any of the purposes of this chapter and enter into any agreement or contract regarding the acceptance, use, or repayment of any such loan, grant, contribution, or assistance in furtherance of the purposes of this chapter;16\n\nExercise the power of eminent domain pursuant to the provisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1 to acquire by condemnation any real property, including fixtures and improvements, that it may deem necessary to carry out the purposes of this chapter, upon (i) its adoption of a resolution declaring that the acquisition of such property is in the public interest and necessary for public use and (ii) the approval of the Governor. The Authority may acquire property already devoted to a public use, provided that no property belonging to any locality, religious corporation, unincorporated church, or charitable corporation may be acquired without its consent;17\n\nFix, revise, charge, and collect rates, rentals, fees, and other charges for the services or facilities furnished by or on behalf of the Authority and establish policies, procedures, and regulations regarding any such service rendered or the use, occupancy or operation of any such facility. Such charges and policies, procedures, and regulations are not subject to supervision or regulation by any commission, board, bureau, or agency of the Commonwealth except as otherwise provided by law for the providers of health care;18\n\nConsistent with § 23.1-2407, create, assist in the creation of, own in whole or in part, control, participate in or with any public or private entity, purchase, receive, subscribe for, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise acquire or dispose of any (i) shares or obligations of, or other interests in, any entities organized for any purpose within or outside the Commonwealth and (ii) obligations of any person or corporation;19\n\nParticipate in joint ventures with individuals, corporations, governmental bodies or agencies, partnerships, associations, insurers, or other entities to facilitate any activities or programs consistent with the public purposes and intent of this chapter;20\n\nCreate a nonprofit entity for the purpose of soliciting, accepting, and administering grants, outright gifts and bequests, endowment gifts and bequests, and gifts and bequests in trust. Such entity shall not engage in trust business or duplicate such activities by the University or its related foundations;21\n\nProvide appropriate assistance, including making loans and providing time of employees, to corporations, partnerships, associations, joint ventures, or other entities whether such entities are owned or controlled in whole or in part or directly or indirectly by the Authority;22\n\nProvide, promote, support, and sponsor education and scientific research in medicine, public health, and related fields and promote public knowledge in medicine, public health, and related fields;23\n\nAdminister programs to assist in the delivery of medical and related services to the citizens of the Commonwealth and others;24\n\nParticipate in and administer federal, state, and local programs affecting, supporting, or carrying out any of its purposes; and25\n\nExercise independently the powers conferred by this chapter in furtherance of its corporate and public purposes.B\n\nThe exercise of the powers permitted by this chapter shall be deemed the performance of essential governmental functions and matters of public necessity for the entire Commonwealth in the provision of health care, medical and health sciences education, and research for which public moneys may be borrowed, loaned, spent, or otherwise utilized and private property may be utilized or acquired.","order_by":null,"text":{"0":{"id":303023,"text":"The Authority has all the powers necessary or convenient to carry out the purposes and provisions of this chapter, including the power to:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":303024,"text":"Sue and be sued in its own name;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":303025,"text":"Have and alter an official seal;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":303026,"text":"Have perpetual duration and succession in its name;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":303027,"text":"Locate and maintain offices at such places as it may designate;","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":303028,"text":"Make and execute contracts, guarantees, or any other instruments and agreements necessary or convenient for the exercise of its powers and functions, including contracts with hospitals or health care businesses to operate and manage any or all of the hospital facilities or operations, and incur liabilities and secure the obligations of any entity or individual;","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"A6"},"6":{"id":303029,"text":"Conduct or engage in any lawful business, activity, effort, or project consistent with the Authority’s purposes or necessary or convenient to exercise its powers;","type":"section","prefixes":["A","6"],"prefix":"6","entire_prefix":"A6","prefix_anchor":"A6","level":2,"prior_prefix":"A5","next_prefix":"A7"},"7":{"id":303030,"text":"Exercise, in addition to its other powers, all powers that are (i) granted to corporations by the provisions of Title 13.1 or similar provisions of any successor law, except in those cases in which the power is confined to corporations created under such title, and (ii) not inconsistent with the purposes and intent of this chapter or the limitations included in this chapter;","type":"section","prefixes":["A","7"],"prefix":"7","entire_prefix":"A7","prefix_anchor":"A7","level":2,"prior_prefix":"A6","next_prefix":"A8"},"8":{"id":303031,"text":"Accept, hold, and enjoy any gift, devise, or bequest to the Authority or its predecessors to be held for the uses and purposes designated by the donor, if any, or if not so designated, for the general purposes of the Authority, whether given directly or indirectly, and accept, execute, and administer any trust or endowment fund in which it has or may have an interest under the terms of the instrument creating the trust or endowment fund;","type":"section","prefixes":["A","8"],"prefix":"8","entire_prefix":"A8","prefix_anchor":"A8","level":2,"prior_prefix":"A7","next_prefix":"A9"},"9":{"id":303032,"text":"Borrow money and issue bonds as provided in this chapter and purchase such bonds;","type":"section","prefixes":["A","9"],"prefix":"9","entire_prefix":"A9","prefix_anchor":"A9","level":2,"prior_prefix":"A8","next_prefix":"A10"},"10":{"id":303033,"text":"Seek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Virginia Public Building Authority and the Virginia College Building Authority, which authorities may borrow money and make and issue negotiable notes, bonds, and other evidences of indebtedness to provide such financing relating to the hospital facilities or any project;","type":"section","prefixes":["A","10"],"prefix":"10","entire_prefix":"A10","prefix_anchor":"A10","level":2,"prior_prefix":"A9","next_prefix":"A11"},"11":{"id":303034,"text":"Seek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Commonwealth as otherwise provided by law relating to the hospital facilities or any project;","type":"section","prefixes":["A","11"],"prefix":"11","entire_prefix":"A11","prefix_anchor":"A11","level":2,"prior_prefix":"A10","next_prefix":"A12"},"12":{"id":303035,"text":"Procure such insurance, participate in such insurance plans, or provide such self-insurance as it deems necessary or convenient to carry out the purposes and provisions of this chapter. The purchase of insurance, participation in an insurance plan, or creation of a self-insurance plan by the Authority is not a waiver or relinquishment of any sovereign immunity to which the Authority or its officers, directors, employees, or agents are otherwise entitled;","type":"section","prefixes":["A","12"],"prefix":"12","entire_prefix":"A12","prefix_anchor":"A12","level":2,"prior_prefix":"A11","next_prefix":"A13"},"13":{"id":303036,"text":"Develop policies and procedures generally applicable to the procurement of goods, services, and construction based upon competitive principles;","type":"section","prefixes":["A","13"],"prefix":"13","entire_prefix":"A13","prefix_anchor":"A13","level":2,"prior_prefix":"A12","next_prefix":"A14"},"14":{"id":303037,"text":"Except as to those hospital facilities or any part of such facilities that are leased to the Authority by the University, the control and disposition of which shall be determined by such lease instruments:\n\t\t\t\ta. Own, hold, improve, use, and otherwise deal with real or personal property, tangible or intangible, or any right, easement, estate, or interest in such property, acquired by purchase, exchange, gift, assignment, transfer, foreclosure, lease, bequest, devise, operation of law, or other means on such terms and conditions and in such manner as it may deem proper;\n\t\t\t\tb. Sell, assign, lease, encumber, mortgage, or otherwise dispose of any project, any other real or personal property, tangible or intangible, any right, easement, estate, or interest in such property, or any deed of trust or mortgage lien interest that it owns, that is under its control or custody or in its possession;\n\t\t\t\tc. Release or relinquish any right, title, claim, lien, interest, easement, or demand however acquired, including any equity or right of redemption in property foreclosed by it; and\n\t\t\t\td. Take any action pursuant to subdivision 14 by public or private sale or with or without public bidding, notwithstanding the provisions of any other law;","type":"section","prefixes":["A","14"],"prefix":"14","entire_prefix":"A14","prefix_anchor":"A14","level":2,"prior_prefix":"A13","next_prefix":"A15"},"15":{"id":303038,"text":"Accept loans, grants, contributions, or other assistance from the federal government, the Commonwealth, any political subdivision of the Commonwealth, or any other public or private source to carry out any of the purposes of this chapter and enter into any agreement or contract regarding the acceptance, use, or repayment of any such loan, grant, contribution, or assistance in furtherance of the purposes of this chapter;","type":"section","prefixes":["A","15"],"prefix":"15","entire_prefix":"A15","prefix_anchor":"A15","level":2,"prior_prefix":"A14","next_prefix":"A16"},"16":{"id":303039,"text":"Exercise the power of eminent domain pursuant to the provisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1 to acquire by condemnation any real property, including fixtures and improvements, that it may deem necessary to carry out the purposes of this chapter, upon (i) its adoption of a resolution declaring that the acquisition of such property is in the public interest and necessary for public use and (ii) the approval of the Governor. The Authority may acquire property already devoted to a public use, provided that no property belonging to any locality, religious corporation, unincorporated church, or charitable corporation may be acquired without its consent;","type":"section","prefixes":["A","16"],"prefix":"16","entire_prefix":"A16","prefix_anchor":"A16","level":2,"prior_prefix":"A15","next_prefix":"A17"},"17":{"id":303040,"text":"Fix, revise, charge, and collect rates, rentals, fees, and other charges for the services or facilities furnished by or on behalf of the Authority and establish policies, procedures, and regulations regarding any such service rendered or the use, occupancy or operation of any such facility. Such charges and policies, procedures, and regulations are not subject to supervision or regulation by any commission, board, bureau, or agency of the Commonwealth except as otherwise provided by law for the providers of health care;","type":"section","prefixes":["A","17"],"prefix":"17","entire_prefix":"A17","prefix_anchor":"A17","level":2,"prior_prefix":"A16","next_prefix":"A18"},"18":{"id":303041,"text":"Consistent with § 23.1-2407, create, assist in the creation of, own in whole or in part, control, participate in or with any public or private entity, purchase, receive, subscribe for, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise acquire or dispose of any (i) shares or obligations of, or other interests in, any entities organized for any purpose within or outside the Commonwealth and (ii) obligations of any person or corporation;","type":"section","prefixes":["A","18"],"prefix":"18","entire_prefix":"A18","prefix_anchor":"A18","level":2,"prior_prefix":"A17","next_prefix":"A19"},"19":{"id":303042,"text":"Participate in joint ventures with individuals, corporations, governmental bodies or agencies, partnerships, associations, insurers, or other entities to facilitate any activities or programs consistent with the public purposes and intent of this chapter;","type":"section","prefixes":["A","19"],"prefix":"19","entire_prefix":"A19","prefix_anchor":"A19","level":2,"prior_prefix":"A18","next_prefix":"A20"},"20":{"id":303043,"text":"Create a nonprofit entity for the purpose of soliciting, accepting, and administering grants, outright gifts and bequests, endowment gifts and bequests, and gifts and bequests in trust. Such entity shall not engage in trust business or duplicate such activities by the University or its related foundations;","type":"section","prefixes":["A","20"],"prefix":"20","entire_prefix":"A20","prefix_anchor":"A20","level":2,"prior_prefix":"A19","next_prefix":"A21"},"21":{"id":303044,"text":"Provide appropriate assistance, including making loans and providing time of employees, to corporations, partnerships, associations, joint ventures, or other entities whether such entities are owned or controlled in whole or in part or directly or indirectly by the Authority;","type":"section","prefixes":["A","21"],"prefix":"21","entire_prefix":"A21","prefix_anchor":"A21","level":2,"prior_prefix":"A20","next_prefix":"A22"},"22":{"id":303045,"text":"Provide, promote, support, and sponsor education and scientific research in medicine, public health, and related fields and promote public knowledge in medicine, public health, and related fields;","type":"section","prefixes":["A","22"],"prefix":"22","entire_prefix":"A22","prefix_anchor":"A22","level":2,"prior_prefix":"A21","next_prefix":"A23"},"23":{"id":303046,"text":"Administer programs to assist in the delivery of medical and related services to the citizens of the Commonwealth and others;","type":"section","prefixes":["A","23"],"prefix":"23","entire_prefix":"A23","prefix_anchor":"A23","level":2,"prior_prefix":"A22","next_prefix":"A24"},"24":{"id":303047,"text":"Participate in and administer federal, state, and local programs affecting, supporting, or carrying out any of its purposes; and","type":"section","prefixes":["A","24"],"prefix":"24","entire_prefix":"A24","prefix_anchor":"A24","level":2,"prior_prefix":"A23","next_prefix":"A25"},"25":{"id":303048,"text":"Exercise independently the powers conferred by this chapter in furtherance of its corporate and public purposes.","type":"section","prefixes":["A","25"],"prefix":"25","entire_prefix":"A25","prefix_anchor":"A25","level":2,"prior_prefix":"A24","next_prefix":"B"},"26":{"id":303049,"text":"The exercise of the powers permitted by this chapter shall be deemed the performance of essential governmental functions and matters of public necessity for the entire Commonwealth in the provision of health care, medical and health sciences education, and research for which public moneys may be borrowed, loaned, spent, or otherwise utilized and private property may be utilized or acquired.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A25"}},"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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/23.1-2404\/","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 4 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 2003, chapter 940<\/a>; in 2006, chapter 673<\/a>; in 2016, chapter 588<\/a>; in 2017, chapter 314<\/a>.<\/p>","references":false,"refers_to":[{"id":70929,"section_number":"23.1-2407","catch_line":"Public purpose","order_by":null,"url":"\/23.1-2407\/"},{"id":62316,"section_number":"25.1-200","catch_line":"Chapter controls condemnation proceedings","order_by":null,"url":"\/25.1-200\/"}],"permalink":{"id":186343,"object_type":"law","relational_id":84554,"identifier":"23.1-2404","token":"23.1\/IV\/24\/23.1-2404","url":"\/23.1-2404\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/23.1-2404\/","token":"23.1\/IV\/24\/23.1-2404","dublin_core":{"Title":"Powers of the Authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 23.1-2404","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The Authority<\/span> has all the powers necessary or convenient to carry out the purposes and provisions of this chapter, including the power to: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Sue and be sued in its own name; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Have and alter an official seal; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Have perpetual duration and succession in its name; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Locate and maintain offices at such places as it may designate; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Make and execute contracts<\/span>, guarantees, or any other instruments and agreements necessary or convenient for the exercise of its powers and functions, including contracts<\/span> with hospitals or health care businesses to operate and manage any or all of the hospital facilities<\/span> or operations, and incur liabilities and secure the obligations of any entity or individual; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Conduct or engage in any lawful business, activity, effort, or project<\/span> consistent with the Authority<\/span>’s purposes or necessary or convenient to exercise its powers; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Exercise, in addition to its other powers, all powers that are (i) granted to corporations by the provisions of Title 13.1 or similar provisions of any successor law<\/span>, except in those cases in which the power is confined to corporations created under such title, and (ii) not inconsistent with the purposes and intent<\/span> of this chapter or the limitations included in this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Accept, hold, and enjoy any gift, devise, or bequest to the Authority<\/span> or its predecessors to be held for the uses and purposes designated by the donor, if any, or if not so designated, for the general purposes of the Authority<\/span>, whether given directly or indirectly, and accept, execute, and administer any trust or endowment fund in which it has or may have an interest under the terms of the instrument creating the trust or endowment fund; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Borrow money and issue<\/span> bonds<\/span><\/span> as provided in this chapter and purchase such bonds<\/span><\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Seek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Virginia Public Building Authority<\/span> and the Virginia College Building Authority<\/span>, which authorities may borrow money and make and issue<\/span> negotiable notes, bonds<\/span><\/span>, and other evidences<\/span> of indebtedness to provide such financing relating to the hospital facilities<\/span> or any project<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> Seek financing from, incur or assume indebtedness to, and enter into contractual commitments with the Commonwealth as otherwise provided by law<\/span> relating to the hospital facilities<\/span> or any project<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

12.<\/span> Procure such insurance, participate in such insurance plans, or provide such self-insurance as it deems necessary or convenient to carry out the purposes and provisions of this chapter. The purchase of insurance, participation in an insurance plan, or creation of a self-insurance plan by the Authority<\/span> is not a waiver<\/span> or relinquishment of any sovereign immunity to which the Authority<\/span> or its officers, directors, employees, or agents are otherwise entitled; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

13.<\/span> Develop policies and procedures generally applicable to the procurement of goods, services, and construction based upon competitive principles; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

14.<\/span> Except as to those hospital facilities<\/span> or any part of such facilities that are leased to the Authority<\/span> by the University<\/span>, the control and disposition<\/span> of which shall be determined by such lease instruments:\n\t\t\t\ta. Own, hold, improve, use, and otherwise deal with real or personal property, tangible or intangible, or any right, easement, estate, or interest in such property, acquired by purchase, exchange, gift, assignment, transfer, foreclosure, lease, bequest, devise, operation of law<\/span>, or other means on such terms and conditions and in such manner as it may deem proper;\n\t\t\t\tb. Sell, assign, lease, encumber, mortgage, or otherwise dispose of any project<\/span>, any other real or personal property, tangible or intangible, any right, easement, estate, or interest in such property, or any deed of trust or mortgage lien<\/span> interest that it owns, that is under its control or custody<\/span> or in its possession<\/span>;\n\t\t\t\tc. Release or relinquish any right, title, claim, lien<\/span>, interest, easement, or demand however acquired, including any equity<\/span> or right of redemption<\/span> in property foreclosed by it; and\n\t\t\t\td. Take any action pursuant to subdivision 14 by public or private sale or with or without public bidding, notwithstanding the provisions of any other law<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

15.<\/span> Accept loans, grants, contributions, or other assistance from the federal government, the Commonwealth, any political subdivision of the Commonwealth, or any other public or private source to carry out any of the purposes of this chapter and enter into any agreement or contract<\/span> regarding the acceptance, use, or repayment of any such loan, grant, contribution, or assistance in furtherance of the purposes of this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

16.<\/span> Exercise the power of eminent domain pursuant to the provisions of Chapter 2 (§ 25.1-200<\/a> et seq.) of Title 25.1 to acquire by condemnation any real property, including fixtures and improvements, that it may deem necessary to carry out the purposes of this chapter, upon (i) its adoption of a resolution declaring that the acquisition of such property is in the public interest and necessary for public use and (ii) the approval of the Governor. The Authority<\/span> may acquire property already devoted to a public use, provided that no property belonging to any locality, religious corporation, unincorporated church, or charitable corporation may be acquired without its consent; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

17.<\/span> Fix, revise, charge, and collect rates, rentals, fees, and other charges for the services or facilities furnished by or on behalf of the Authority<\/span> and establish policies, procedures, and regulations regarding any such service rendered or the use, occupancy or operation of any such facility. Such charges and policies, procedures, and regulations are not subject to supervision or regulation by any commission, board<\/span>, bureau, or agency of the Commonwealth except as otherwise provided by law<\/span> for the providers of health care; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

18.<\/span> Consistent with § 23.1-2407<\/a>, create, assist in the creation of, own in whole or in part, control, participate in or with any public or private entity, purchase, receive, subscribe for, own, hold, vote, use, employ, sell, mortgage, lend, pledge, or otherwise acquire or dispose of any (i) shares or obligations of, or other interests in, any entities organized for any purpose within or outside the Commonwealth and (ii) obligations of any person or corporation; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

19.<\/span> Participate in joint ventures with individuals, corporations, governmental bodies or agencies, partnerships, associations, insurers, or other entities to facilitate any activities or programs consistent with the public purposes and intent<\/span> of this chapter; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

20.<\/span> Create a nonprofit entity for the purpose of soliciting, accepting, and administering grants, outright gifts and bequests, endowment gifts and bequests, and gifts and bequests in trust. Such entity shall not engage in trust business or duplicate such activities by the University<\/span> or its related foundations; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

21.<\/span> Provide appropriate assistance, including making loans and providing time of employees, to corporations, partnerships, associations, joint ventures, or other entities whether such entities are owned or controlled in whole or in part or directly or indirectly by the Authority<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

22.<\/span> Provide, promote, support, and sponsor education and scientific research in medicine, public health, and related fields and promote public knowledge in medicine, public health, and related fields; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

23.<\/span> Administer programs to assist in the delivery of medical and related services to the citizens of the Commonwealth and others; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

24.<\/span> Participate in and administer federal, state, and local programs affecting, supporting, or carrying out any of its purposes; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

25.<\/span> Exercise independently the powers conferred by this chapter in furtherance of its corporate and public purposes. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The exercise of the powers permitted by this chapter shall be deemed the performance of essential governmental functions and matters of public necessity for the entire Commonwealth in the provision of health care, medical and health sciences education, and research for which public moneys may be borrowed, loaned, spent, or otherwise utilized and private property may be utilized or acquired. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF THE AUTHORITY (\u00a7 23.1-2404)\n\nA. The Authority has all the powers necessary or convenient to carry out the\npurposes and provisions of this chapter, including the power to:\n\n 1. Sue and be sued in its own name;\n\n 2. Have and alter an official seal;\n\n 3. Have perpetual duration and succession in its name;\n\n 4. Locate and maintain offices at such places as it may designate;\n\n 5. Make and execute contracts, guarantees, or any other instruments and\n agreements necessary or convenient for the exercise of its powers and\n functions, including contracts with hospitals or health care businesses to\n operate and manage any or all of the hospital facilities or operations, and\n incur liabilities and secure the obligations of any entity or individual;\n\n 6. Conduct or engage in any lawful business, activity, effort, or project\n consistent with the Authority’s purposes or necessary or convenient to\n exercise its powers;\n\n 7. Exercise, in addition to its other powers, all powers that are (i) granted\n to corporations by the provisions of Title 13.1 or similar provisions of any\n successor law, except in those cases in which the power is confined to\n corporations created under such title, and (ii) not inconsistent with the\n purposes and intent of this chapter or the limitations included in this\n chapter;\n\n 8. Accept, hold, and enjoy any gift, devise, or bequest to the Authority or\n its predecessors to be held for the uses and purposes designated by the donor,\n if any, or if not so designated, for the general purposes of the Authority,\n whether given directly or indirectly, and accept, execute, and administer any\n trust or endowment fund in which it has or may have an interest under the\n terms of the instrument creating the trust or endowment fund;\n\n 9. Borrow money and issue bonds as provided in this chapter and purchase such\n bonds;\n\n 10. Seek financing from, incur or assume indebtedness to, and enter into\n contractual commitments with the Virginia Public Building Authority and the\n Virginia College Building Authority, which authorities may borrow money and\n make and issue negotiable notes, bonds, and other evidences of indebtedness to\n provide such financing relating to the hospital facilities or any project;\n\n 11. Seek financing from, incur or assume indebtedness to, and enter into\n contractual commitments with the Commonwealth as otherwise provided by law\n relating to the hospital facilities or any project;\n\n 12. Procure such insurance, participate in such insurance plans, or provide\n such self-insurance as it deems necessary or convenient to carry out the\n purposes and provisions of this chapter. The purchase of insurance,\n participation in an insurance plan, or creation of a self-insurance plan by\n the Authority is not a waiver or relinquishment of any sovereign immunity to\n which the Authority or its officers, directors, employees, or agents are\n otherwise entitled;\n\n 13. Develop policies and procedures generally applicable to the procurement of\n goods, services, and construction based upon competitive principles;\n\n 14. Except as to those hospital facilities or any part of such facilities that\n are leased to the Authority by the University, the control and disposition of\n which shall be determined by such lease instruments:\n \t\t\t\ta. Own, hold, improve, use, and otherwise deal with real or personal\n property, tangible or intangible, or any right, easement, estate, or interest\n in such property, acquired by purchase, exchange, gift, assignment, transfer,\n foreclosure, lease, bequest, devise, operation of law, or other means on such\n terms and conditions and in such manner as it may deem proper;\n \t\t\t\tb. Sell, assign, lease, encumber, mortgage, or otherwise dispose of any\n project, any other real or personal property, tangible or intangible, any\n right, easement, estate, or interest in such property, or any deed of trust or\n mortgage lien interest that it owns, that is under its control or custody or\n in its possession;\n \t\t\t\tc. Release or relinquish any right, title, claim, lien, interest,\n easement, or demand however acquired, including any equity or right of\n redemption in property foreclosed by it; and\n \t\t\t\td. Take any action pursuant to subdivision 14 by public or private sale or\n with or without public bidding, notwithstanding the provisions of any other\n law;\n\n 15. Accept loans, grants, contributions, or other assistance from the federal\n government, the Commonwealth, any political subdivision of the Commonwealth,\n or any other public or private source to carry out any of the purposes of this\n chapter and enter into any agreement or contract regarding the acceptance,\n use, or repayment of any such loan, grant, contribution, or assistance in\n furtherance of the purposes of this chapter;\n\n 16. Exercise the power of eminent domain pursuant to the provisions of Chapter\n 2 (§ 25.1-200 et seq.) of Title 25.1 to acquire by condemnation any real\n property, including fixtures and improvements, that it may deem necessary to\n carry out the purposes of this chapter, upon (i) its adoption of a resolution\n declaring that the acquisition of such property is in the public interest and\n necessary for public use and (ii) the approval of the Governor. The Authority\n may acquire property already devoted to a public use, provided that no\n property belonging to any locality, religious corporation, unincorporated\n church, or charitable corporation may be acquired without its consent;\n\n 17. Fix, revise, charge, and collect rates, rentals, fees, and other charges\n for the services or facilities furnished by or on behalf of the Authority and\n establish policies, procedures, and regulations regarding any such service\n rendered or the use, occupancy or operation of any such facility. Such charges\n and policies, procedures, and regulations are not subject to supervision or\n regulation by any commission, board, bureau, or agency of the Commonwealth\n except as otherwise provided by law for the providers of health care;\n\n 18. Consistent with § 23.1-2407, create, assist in the creation of, own\n in whole or in part, control, participate in or with any public or private\n entity, purchase, receive, subscribe for, own, hold, vote, use, employ, sell,\n mortgage, lend, pledge, or otherwise acquire or dispose of any (i) shares or\n obligations of, or other interests in, any entities organized for any purpose\n within or outside the Commonwealth and (ii) obligations of any person or\n corporation;\n\n 19. Participate in joint ventures with individuals, corporations, governmental\n bodies or agencies, partnerships, associations, insurers, or other entities to\n facilitate any activities or programs consistent with the public purposes and\n intent of this chapter;\n\n 20. Create a nonprofit entity for the purpose of soliciting, accepting, and\n administering grants, outright gifts and bequests, endowment gifts and\n bequests, and gifts and bequests in trust. Such entity shall not engage in\n trust business or duplicate such activities by the University or its related\n foundations;\n\n 21. Provide appropriate assistance, including making loans and providing time\n of employees, to corporations, partnerships, associations, joint ventures, or\n other entities whether such entities are owned or controlled in whole or in\n part or directly or indirectly by the Authority;\n\n 22. Provide, promote, support, and sponsor education and scientific research\n in medicine, public health, and related fields and promote public knowledge in\n medicine, public health, and related fields;\n\n 23. Administer programs to assist in the delivery of medical and related\n services to the citizens of the Commonwealth and others;\n\n 24. Participate in and administer federal, state, and local programs\n affecting, supporting, or carrying out any of its purposes; and\n\n 25. Exercise independently the powers conferred by this chapter in furtherance\n of its corporate and public purposes.\n\nB. The exercise of the powers permitted by this chapter shall be deemed the\nperformance of essential governmental functions and matters of public necessity\nfor the entire Commonwealth in the provision of health care, medical and health\nsciences education, and research for which public moneys may be borrowed,\nloaned, spent, or otherwise utilized and private property may be utilized or\nacquired.\n\nHISTORY: 1996, cc. 905, 1046, \u00a7\u00a7 23-50.16:2, 23-50.16:6, 23-50.16:11,\n23-50.16:12, 23-50.16:13, 23-50.16:14; 2003, c. 940; 2006, c. 673; 2016, c. 588;\n2017, c. 314.","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}}