As used in this chapter, unless the context requires a different meaning: “Authority” means the Virginia Recreational Facilities Authority. “Board” means the board of directors of the Authority. “Bonds” means notes, bonds, certificates and other evidences of indebtedness or obligations of the Authority. “Federal agency” means the United States of America, the President of the United States of America, and any department, corporation, agency, or instrumentality created, designated, or established by the United States of America. “Project” means the construction, improvement, furnishing, maintenance, acquisition or operation of any facility that will further the purposes of the Authority, together with all property, rights, easements and interests which may be acquired by the Authority.