                                 CODE OF VIRGINIA

EXISTING CONTRACTS, LEASES, FRANCHISES, ETC., NOT IMPAIRED (§ 15.2-7225)

No provisions of this Act shall relieve, impair, or affect any right, duty,
liability, or obligation arising out of any contract, concession, lease, or
franchise now in existence, including all contracts entered into by Bristol
Virginia Utilities except to the extent that such contract, concession, lease,
or franchise may permit. Notwithstanding the foregoing provisions of this
section, the Authority may renegotiate, renew, extend the term of, or otherwise
modify at any time any contract, concession, lease, or franchise now in
existence in such manner and on such terms and conditions as it may deem
appropriate, provided that the operator of or under any said contract,
concession, lease, or franchise consents to such renegotiation, renewal,
extension, or modification. The Authority shall be obligated for the performance
of any contract of Bristol Virginia Utilities now in existence in accordance
with its terms, and such contracts shall remain in full force and effect.

HISTORY: 2010, cc. 117, 210.