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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>65573</law_id><section_number>45.2-2103</section_number><catch_line> Purposes; powers of Authority</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="45.2">Mines, Minerals, and Energy</unit><unit label="subtitle" level="2" order_by="1" identifier="V">Other Sources of Energy; Energy Policy</unit><unit label="chapter" level="3" order_by="1" identifier="21">Nuclear Energy</unit><unit label="article" level="4" order_by="1" identifier="2">Virginia Nuclear Energy Consortium Authority</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">Authority</span> is established for the purposes of making the Commonwealth a national and global leader in nuclear energy and serving as an interdisciplinary study, research, and information resource for the Commonwealth on nuclear energy <span class="dictionary">issues</span>. <a id="paragraph-238335" class="section-permalink" href="https://vacode.org/45.2-2103/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">Authority</span> is granted all powers necessary or convenient for the carrying out of its statutory purposes, including the following rights, powers, and duties to: <a id="paragraph-238336" class="section-permalink" href="https://vacode.org/45.2-2103/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> Adopt, use, and alter at will a corporate seal; <a id="paragraph-238337" class="section-permalink" href="https://vacode.org/45.2-2103/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> Acquire, purchase, hold, use, lease, or otherwise dispose of property, real, personal, or mixed, tangible or intangible, or any interest therein necessary or desirable for carrying out the purposes of the <span class="dictionary">Authority</span>; <a id="paragraph-238338" class="section-permalink" href="https://vacode.org/45.2-2103/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> Adopt bylaws for the management and regulation of its affairs; <a id="paragraph-238339" class="section-permalink" href="https://vacode.org/45.2-2103/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> Develop and adopt a strategic plan for carrying out the purposes set out in this article; <a id="paragraph-238340" class="section-permalink" href="https://vacode.org/45.2-2103/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> Make and enter into any <span class="dictionary">contract</span> or agreement necessary or incidental to the performance of its duties, the furtherance of its purposes, and the execution of its powers under this article, including an agreement with any person or federal agency; <a id="paragraph-238341" class="section-permalink" href="https://vacode.org/45.2-2103/#B5"><i class="fa fa-link"/></a></p></section>
						<section id="B6" class="indent-1"><p><span class="prefix-number">6.</span> Consult with the General Assembly; federal, state, and local agencies; nonprofit organizations; private industry; and other potential developers and users of nuclear energy; <a id="paragraph-238342" class="section-permalink" href="https://vacode.org/45.2-2103/#B6"><i class="fa fa-link"/></a></p></section>
						<section id="B7" class="indent-1"><p><span class="prefix-number">7.</span> Promote and facilitate agreements among public and private institutions of higher education in the Commonwealth and other research entities to carry out research projects relating to nuclear energy; <a id="paragraph-238343" class="section-permalink" href="https://vacode.org/45.2-2103/#B7"><i class="fa fa-link"/></a></p></section>
						<section id="B8" class="indent-1"><p><span class="prefix-number">8.</span> Disseminate information and research results; <a id="paragraph-238344" class="section-permalink" href="https://vacode.org/45.2-2103/#B8"><i class="fa fa-link"/></a></p></section>
						<section id="B9" class="indent-1"><p><span class="prefix-number">9.</span> Identify and support, in cooperation with Virginia&#x2019;s nuclear entities and the public and private sectors, the development of education programs related to Virginia&#x2019;s nuclear industry; <a id="paragraph-238345" class="section-permalink" href="https://vacode.org/45.2-2103/#B9"><i class="fa fa-link"/></a></p></section>
						<section id="B10" class="indent-1"><p><span class="prefix-number">10.</span> Provide for the establishment of the <span class="dictionary">Consortium</span> by the <span class="dictionary">Board</span> as provided in &#xA7; <a class="law" title=" Establishment of the Consortium" href="/45.2-2105/">45.2-2105</a>; <a id="paragraph-238346" class="section-permalink" href="https://vacode.org/45.2-2103/#B10"><i class="fa fa-link"/></a></p></section>
						<section id="B11" class="indent-1"><p><span class="prefix-number">11.</span> Develop a policy regarding any interest in intellectual property acquired or developed by the <span class="dictionary">Consortium</span>; <a id="paragraph-238347" class="section-permalink" href="https://vacode.org/45.2-2103/#B11"><i class="fa fa-link"/></a></p></section>
						<section id="B12" class="indent-1"><p><span class="prefix-number">12.</span> In <span class="dictionary">order</span> to fund and support the activities of the <span class="dictionary">Authority</span> and the <span class="dictionary">Consortium</span>, apply for, solicit, and accept from any source, including any agency of the federal government, the Commonwealth, or any other state; any locality or other political subdivision; any <span class="dictionary">member</span>; or any private corporation or other entity, (i) grants, including grants made available pursuant to federal legislation; (ii) aid; or (iii) contributions of money, property, or other things of value, which shall be held, used, and applied for the purposes set out by this chapter; <a id="paragraph-238348" class="section-permalink" href="https://vacode.org/45.2-2103/#B12"><i class="fa fa-link"/></a></p></section>
						<section id="B13" class="indent-1"><p><span class="prefix-number">13.</span> Facilitate the collaboration of <span class="dictionary">members</span> toward obtaining grants and expending funds in accomplishing the purposes set out by this chapter; <a id="paragraph-238349" class="section-permalink" href="https://vacode.org/45.2-2103/#B13"><i class="fa fa-link"/></a></p></section>
						<section id="B14" class="indent-1"><p><span class="prefix-number">14.</span> Encourage, facilitate, and support the application, commercialization, and transfer of new nuclear energy technologies; <a id="paragraph-238350" class="section-permalink" href="https://vacode.org/45.2-2103/#B14"><i class="fa fa-link"/></a></p></section>
						<section id="B15" class="indent-1"><p><span class="prefix-number">15.</span> Provide public information and communication about nuclear energy and related educational and job opportunities; <a id="paragraph-238351" class="section-permalink" href="https://vacode.org/45.2-2103/#B15"><i class="fa fa-link"/></a></p></section>
						<section id="B16" class="indent-1"><p><span class="prefix-number">16.</span> Provide advice, assistance, and services to institutions of higher education and to other persons providing services or facilities for nuclear research or graduate education; <a id="paragraph-238352" class="section-permalink" href="https://vacode.org/45.2-2103/#B16"><i class="fa fa-link"/></a></p></section>
						<section id="B17" class="indent-1"><p><span class="prefix-number">17.</span> Foster innovative partnerships and relationships among the Commonwealth, the Commonwealth&#x2019;s public institutions of higher education, private companies, federal laboratories, and not-for-profit organizations to accomplish the purposes set out by this chapter; and <a id="paragraph-238353" class="section-permalink" href="https://vacode.org/45.2-2103/#B17"><i class="fa fa-link"/></a></p></section>
						<section id="B18" class="indent-1"><p><span class="prefix-number">18.</span> Do all acts and things necessary or convenient to carry out the powers granted to it by <span class="dictionary">law</span>. <a id="paragraph-238354" class="section-permalink" href="https://vacode.org/45.2-2103/#B18"><i class="fa fa-link"/></a></p></section></text><history>2013, cc. 57, 394, &#xA7; 67-1402; 2021, Sp. Sess. I, c. 387.</history><metadata></metadata></law>
