                                 CODE OF VIRGINIA

POWERS AND DUTIES OF COMMISSION (§ 33.2-2703)

The commission shall:

1. Construct, reconstruct, alter, improve, expand, make loans or otherwise
provide financial assistance to, and operate transportation improvements in the
district for the use and benefit of the public.

2. Acquire by gift, purchase, lease, in-kind contribution to construction costs,
or otherwise transportation improvements in the district and sell, lease as
lessor, transfer, or dispose of any part of transportation improvements in such
manner and upon such terms as the commission may determine to be in the best
interests of the district. However, prior to disposing of any such property or
interest therein, the commission shall conduct a public hearing with respect to
such disposition. At the hearing, the residents and owners of property within
the district shall have an opportunity to be heard. At least 10 days&#8217;
notice of the time and place of such hearing shall be published in a newspaper
of general circulation in the district, as prescribed by the commission. Such
public hearing may be adjourned from time to time.

3. Invite bids or request proposals from and contract with any person, as
authorized by law, with regard to any matter necessary and proper to provide
transportation improvements, including the financing, acquisition, construction,
reconstruction, alteration, improvement, expansion, or maintenance of
transportation improvements in the district.

4. Enter into a continuing service contract for a purpose authorized by this
chapter and make payments of the proceeds received from the special taxes levied
pursuant to this chapter, together with any other revenues, for installments due
under that service contract. The district may apply such payments annually
during the term of that service contract in an amount sufficient to make the
installment payments due under that contract, subject to the limitation imposed
by this chapter. However, payments for any such service contract shall be
conditioned upon the receipt of services pursuant to the contract. Such a
contract shall not obligate a locality to make payments for services of the
district.

5. Accept the allocations, contributions, or funds of any available source or
reimburse from any available source, including any person, for the whole or any
part of the costs, expenses, and charges incident to the acquisition,
construction, reconstruction, maintenance, alteration, improvement, and
expansion of any transportation improvements in the district.

6. Contract for the extension and use of any highway into territory outside the
district on such terms and conditions as the commission determines.

7. Employ and fix the compensation of personnel who may be deemed necessary for
the construction, operation, or maintenance of any transportation improvements
in the district.

8. Have prepared an annual audit of the district&#8217;s financial obligations
and revenues, and, upon review of such audit, request a tax rate adequate to
provide tax revenues that, together with all other revenues, are required by the
district to fulfill its annual obligations.

HISTORY: 2004, c. 966, § 33.1-452; 2014, c. 805.