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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55006</law_id><section_number>15.2-5805</section_number><catch_line>Powers</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="1" identifier="58">Virginia Baseball Stadium Authority</unit></structure><text>
						<section><p>In addition to the powers set forth elsewhere in this chapter, the <span class="dictionary">Authority</span> may:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Adopt and alter an official seal; <a id="paragraph-201759" class="section-permalink" href="https://vacode.org/15.2-5805/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Sue and be sued in its own name; <a id="paragraph-201760" class="section-permalink" href="https://vacode.org/15.2-5805/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Adopt bylaws, rules and regulations to carry out the provisions of this chapter; <a id="paragraph-201761" class="section-permalink" href="https://vacode.org/15.2-5805/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> Maintain an office at such place as the <span class="dictionary">Authority</span> may designate; <a id="paragraph-201762" class="section-permalink" href="https://vacode.org/15.2-5805/#4"><i class="fa fa-link"/></a></p></section>
						<section id="5"><p><span class="prefix-number">5.</span> Employ, either as regular employees or independent contractors, consultants, engineers, architects, accountants, attorneys, financial experts, construction experts and personnel, superintendents, managers and other professional personnel, personnel, and agents as may be necessary in the <span class="dictionary">judgment</span> of the <span class="dictionary">Authority</span>, and fix their compensation; <a id="paragraph-201763" class="section-permalink" href="https://vacode.org/15.2-5805/#5"><i class="fa fa-link"/></a></p></section>
						<section id="6"><p><span class="prefix-number">6.</span> Determine the locations of, develop, establish, construct, erect, acquire, own, repair, remodel, add to, extend, improve, equip, operate, regulate, and maintain facilities to the extent necessary to accomplish the purposes of the <span class="dictionary">Authority</span>; <a id="paragraph-201764" class="section-permalink" href="https://vacode.org/15.2-5805/#6"><i class="fa fa-link"/></a></p></section>
						<section id="7"><p><span class="prefix-number">7.</span> Acquire, hold, lease, use, encumber, transfer, or dispose of real and personal property, including a lease of its property or any interest therein whatever the condition thereof, whether or not constructed or acquired, to the Commonwealth or any political subdivision of the Commonwealth. The Commonwealth and any such political subdivision are authorized to acquire or lease such property or any interest therein; however, the Commonwealth shall not enter into any such lease or purchase agreement unless such lease or purchase agreement has first been approved pursuant to subsections E and F of &#xA7; <a class="law" title="Public hearings; notice; reports" href="/15.2-5806/">15.2-5806</a>; <a id="paragraph-201765" class="section-permalink" href="https://vacode.org/15.2-5805/#7"><i class="fa fa-link"/></a></p></section>
						<section id="8"><p><span class="prefix-number">8.</span> Enter into <span class="dictionary">contracts</span> of any kind, and execute all instruments necessary or convenient with respect to its carrying out the powers in this chapter to accomplish the purposes of the <span class="dictionary">Authority</span>; <a id="paragraph-201766" class="section-permalink" href="https://vacode.org/15.2-5805/#8"><i class="fa fa-link"/></a></p></section>
						<section id="9"><p><span class="prefix-number">9.</span> Operate, enter into <span class="dictionary">contracts</span> for the operation of, and regulate the use and operation of facilities developed under the provisions of the chapter; <a id="paragraph-201767" class="section-permalink" href="https://vacode.org/15.2-5805/#9"><i class="fa fa-link"/></a></p></section>
						<section id="10"><p><span class="prefix-number">10.</span> Fix and revise from time to time and charge and collect rates, rents, fees, or other charges for the use of facilities or for services rendered in connection with the facilities; <a id="paragraph-201768" class="section-permalink" href="https://vacode.org/15.2-5805/#10"><i class="fa fa-link"/></a></p></section>
						<section id="11"><p><span class="prefix-number">11.</span> Borrow money from any source for any valid purpose, including working capital for its operations, reserve funds, or interest, and to mortgage, pledge, or otherwise encumber the property or funds of the <span class="dictionary">Authority</span> and to <span class="dictionary">contract</span> with or engage the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; <a id="paragraph-201769" class="section-permalink" href="https://vacode.org/15.2-5805/#11"><i class="fa fa-link"/></a></p></section>
						<section id="12"><p><span class="prefix-number">12.</span> <span class="dictionary">Issue</span> <span class="dictionary">bonds</span> under this chapter; <a id="paragraph-201770" class="section-permalink" href="https://vacode.org/15.2-5805/#12"><i class="fa fa-link"/></a></p></section>
						<section id="13"><p><span class="prefix-number">13.</span> Receive and accept from any source, private or public, contributions, gifts, or grants of money or property; and <a id="paragraph-201771" class="section-permalink" href="https://vacode.org/15.2-5805/#13"><i class="fa fa-link"/></a></p></section>
						<section id="14"><p><span class="prefix-number">14.</span> Do all things necessary or convenient to carry out the powers granted by this chapter. <a id="paragraph-201772" class="section-permalink" href="https://vacode.org/15.2-5805/#14"><i class="fa fa-link"/></a></p></section></text><history>1992, c. 823, &#xA7; 15.1-227.75; 1995, cc. 613, 629; 1996, cc. 950, 1038; 1997, cc. 587, 884; 2005, c. 106.</history><metadata></metadata></law>
