                                 CODE OF VIRGINIA

DEFINITIONS (§ 15.2-5601)

As used in this chapter, the following words and terms shall mean, unless the
context indicates otherwise:
		&#8220;Authority&#8221; means an authority created under the provisions of §
15.2-5602 or, if any such authority shall be abolished the entity succeeding to
the principal functions thereof.
		&#8220;Bonds&#8221; or &#8220;revenue bonds&#8221; means bonds, notes,
certificates or other evidences of borrowing.
		&#8220;Cost&#8221; means, as applied to any project, all or any part of the
cost of acquisition, construction, alteration, enlargement, reconstruction and
remodeling of a project or portion thereof, including the cost of the
acquisition of all land, rights-of-way, property, rights, easements and
interests acquired by the authority for such construction, additions or
expansion, the cost of demolishing or removing any building or structure on land
so acquired, including the cost of acquiring any lands to which such building or
structures may be removed, the cost of all labor, materials, machinery and
equipment, financing charges, insurance, interest on all bonds prior to and
during such construction, and during the construction of any addition or
expansion, and if deemed advisable by the authority, for a period not exceeding
one year after completion of such construction, addition or expansion, reserves
for principal and interest and for extensions, enlargements, additions,
replacements, renovations and improvements, provisions for working capital, the
cost of surveys, engineering and architectural expenses, borings, plans and
specifications and other engineering and architectural services, legal expenses,
studies, estimates of cost and revenues, administrative expenses and such other
expenses as may be necessary or incident to the construction of the project, and
of such subsequent additions thereto or expansion thereof, the cost of financing
such construction, additions or expansion and placing the project and such
additions or expansion in operation.
		&#8220;Federal agency&#8221; means the United States of America and any
department, bureau, agency or instrumentality thereof.
		&#8220;Project&#8221; or &#8220;projects&#8221; means any one or more of the
following: auditorium, theater, concert or entertainment hall, coliseum,
convention center, arena, field house, stadium, fairground, campground, land
conservation project, including but not limited to the holding of conservation
easements, sports facilities, including racetracks, amusement park or center,
garden, park, zoo and museum, as such terms are generally used, and parking,
transportation, utility and restaurant facilities and concessions in connection
with any of the foregoing, including any and all buildings, structures,
approaches, roadways, and other facilities and appurtenances thereto which the
authority may deem necessary or desirable, together with all property, rights,
easements and interests which may be acquired by the authority for the
construction, improvement and operation of any of the foregoing. The
transportation facilities hereinabove mentioned may be principally for the use
and benefit of the inhabitants of the locality creating the authority so long as
they are incidentally related to the acquisition and construction of any of the
foregoing and may be financed contemporaneously with, prior to or subsequent to
the acquisition and construction of any of the foregoing.

HISTORY: Code 1950, § 15-714.14; 1962, c. 393, § 2, § 15.1-1272; 1973, c.
238; 1974, c. 132; 1986, c. 442; 1997, c. 587; 1999, cc. 502, 528.