                                 CODE OF VIRGINIA

CONTRACTS RELATING TO USE OF SYSTEMS (§ 15.2-5431.12)

An authority may make and enter into all contracts or agreements, as the
authority may determine, which are necessary or incidental to the performance of
its duties and to the execution of the powers granted by this chapter, on such
terms and conditions as the authority may approve. The contract shall be subject
to such provisions, limitations or conditions as may be contained in the
resolution of the authority authorizing revenue bonds of the authority or the
provisions of any trust agreement securing such bonds. Such contract may provide
for the collecting of fees, rates or charges for the services and facilities
rendered to a subscriber thereof services provided by the authority and for the
enforcement of delinquent charges for such services and facilities. The
provisions of the contract and of any resolution of the governing body shall not
be repealed so long as any of the revenue bonds issued under the authority of
this chapter are outstanding and unpaid. The provisions of the contract, and of
any resolution enacted pursuant thereto, shall be for the benefit of the
bondholders.

HISTORY: 2003, c. 643.