<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>76327</law_id><section_number>15.2-5941</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="59.3">Hampton Roads Regional Arena Authority</unit></structure><text>
						<section><p>In addition to all other powers it possesses, <span class="dictionary">the Authority</span> may:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> Determine the location of, develop, establish, construct, erect, acquire, own, repair, remodel, add to, extend, improve, equip, operate, regulate, and maintain a Facility and <span class="dictionary">Facility Site</span> to the extent necessary to accomplish the purposes of this chapter, including contracting for <span class="dictionary">materials</span>, products, and services related to such Facility or <span class="dictionary">Facility Site</span>; <a id="paragraph-274010" class="section-permalink" href="https://vacode.org/15.2-5941/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Enter into development agreements related to the Facility or <span class="dictionary">Facility Site</span>, including leases, subleases, and any other forms of private financing; <a id="paragraph-274011" class="section-permalink" href="https://vacode.org/15.2-5941/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> Develop a model for participating localities to share costs and revenues of a Facility and <span class="dictionary">Facility Site</span>; <a id="paragraph-274012" class="section-permalink" href="https://vacode.org/15.2-5941/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> Operate, enter into <span class="dictionary">contracts</span> for the operation of, and regulate the use and operation of a Facility and <span class="dictionary">Facility Site</span> developed under the provisions of this chapter; <a id="paragraph-274013" class="section-permalink" href="https://vacode.org/15.2-5941/#4"><i class="fa fa-link"/></a></p></section>
						<section id="5"><p><span class="prefix-number">5.</span> Fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for the use of a Facility or <span class="dictionary">Facility Site</span> or for services rendered in connection with a Facility or <span class="dictionary">Facility Site</span>; <a id="paragraph-274014" class="section-permalink" href="https://vacode.org/15.2-5941/#5"><i class="fa fa-link"/></a></p></section>
						<section id="6"><p><span class="prefix-number">6.</span> Dedicate any funds that accrue to <span class="dictionary">the Authority</span> pursuant to the provisions of this chapter for the construction, development, financing, operation, or maintenance of the Facility and <span class="dictionary">Facility Site</span>; <a id="paragraph-274015" class="section-permalink" href="https://vacode.org/15.2-5941/#6"><i class="fa fa-link"/></a></p></section>
						<section id="7"><p><span class="prefix-number">7.</span> <span class="dictionary">Issue</span> <span class="dictionary">bonds</span> and similar financial instruments under this chapter; <a id="paragraph-274016" class="section-permalink" href="https://vacode.org/15.2-5941/#7"><i class="fa fa-link"/></a></p></section>
						<section id="8"><p><span class="prefix-number">8.</span> Finance the construction of a Facility using loans, notes, private <span class="dictionary">equity</span> financing, or any other method of financing <span class="dictionary">the Authority</span> deems appropriate; and <a id="paragraph-274017" class="section-permalink" href="https://vacode.org/15.2-5941/#8"><i class="fa fa-link"/></a></p></section>
						<section id="9"><p><span class="prefix-number">9.</span> Do all things necessary or convenient to carry out the powers granted by this chapter. <a id="paragraph-274018" class="section-permalink" href="https://vacode.org/15.2-5941/#9"><i class="fa fa-link"/></a></p></section></text><history>2020, cc. 538, 539.</history><metadata></metadata></law>
