                                 CODE OF VIRGINIA

DEFINITIONS (§ 15.2-5431.2)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Authority&#8221; means an authority created under the provisions of
this chapter or, if any such authority has been abolished, the entity succeeding
to the principal functions thereof.
		&#8220;Bonds&#8221; and &#8220;revenue bonds&#8221; include notes, bonds, bond
anticipation notes, and other obligations of an authority for the payment of
money.
		&#8220;Cost&#8221; or &#8220;cost of a project&#8221; means, but shall not be
limited to, the cost of acquisition, construction, reconstruction, improvement,
enlargement, betterment or extension of any project, including the cost of
studies, plans, specifications, surveys, and estimates of costs and revenues
relating thereto, the cost of labor and materials; the cost of land, land
rights, rights-of-way and easements, water rights, fees, permits, approvals,
licenses, certificates, franchises, and the preparation of applications for and
securing the same; administrative, legal, engineering and inspection expenses;
financing fees, expenses and costs; working capital; interest on bonds during
the period of construction and for such reasonable period thereafter as may be
determined by the issuing authority; establishment of reserves; and all other
expenditures of the issuing authority incidental, necessary or convenient to the
acquisition, construction, reconstruction, improvement, enlargement, betterment
or extension of any project and the placing of the project in operation.
		&#8220;Project&#8221; means any system of facilities for provision of
qualifying communications services as authorized by Article 5.1 (§ 56-484.7:1
et seq.) of Chapter 15 of Title 56.

HISTORY: 2003, c. 643.