                                 CODE OF VIRGINIA

POWERS OF AUTHORITY (§ 15.2-6020)

The Authority, as a public corporation and governmental instrumentality
exercising public powers of the state, may exercise all powers necessary or
appropriate to carry out the purposes of this chapter, including the power to:

1. Acquire, own, hold and dispose of property, real and personal, tangible and
intangible; provided that, the Authority shall not acquire such property through
the exercise of the power of eminent domain;

2. Lease property, whether as lessee or lessor, and acquire or grant through
easement, license or other appropriate legal form, the right to develop and use
property and open it to the use of the public;

3. Mortgage or otherwise grant security interests in its property;

4. Procure insurance against any losses in connection with its property, license
or easements, contracts, including hold-harmless agreements, operations or
assets in such amounts and from such insurers as the Authority considers
desirable;

5. Maintain such sinking funds and reserves as the board determines appropriate
for the purposes of meeting future monetary obligations and needs of the
Authority;

6. Sue and be sued, implead and be impleaded, and complain and defend in any
court;

7. Adopt, use, and alter at will a corporate seal;

8. Make, amend, repeal, and adopt bylaws for the management and regulation of
its affairs;

9. Make contracts of every kind and nature and execute all instruments necessary
or convenient for carrying on its business, including contracts with any other
governmental agency of this state or of the federal government or with any
person, individual, partnership, or corporation to effect any or all of the
purposes of this chapter;

10. Accept grants and loans from and enter into contracts and other transactions
with any federal agency;

11. Maintain an office at such places within the state as it may designate;

12. Borrow money and issue bonds, security interests, or notes and provide for
and secure the payment of the bonds, security interests, or notes and provide
for the rights of the holders of the bonds, security interests, or notes and
purchase, hold, and dispose of any of its bonds, security interests, or notes;

13. Accept gifts or grants of property, funds, security interests, money,
materials, labor, supplies, or services from the federal government or from any
governmental unit or any person, firm, or corporation and to carry out the terms
or provisions of or make agreements with respect to or pledge any gifts or
grants and to do any and all things necessary, useful, desirable, or convenient
in connection with the procuring, acceptance, or disposition of gifts or grants;

14. Enter into contract with landowners and other persons holding an interest in
the land being used for its recreational facilities to hold those landowners and
other persons harmless with respect to any claim in tort growing out of the use
of the land for public recreation or growing out of the recreational activities
operated or managed by the Authority from any claim except a claim for damages
proximately caused by the willful or malicious conduct of the landowner or other
person or any of his or her agents or employees;

15. Assess and collect a reasonable fee from those persons who use the trails,
parking facilities, visitor centers, or other facilities which are part of the
Southwest Regional Recreation Area and to retain and utilize that revenue for
any purposes consistent with this chapter;

16. Adopt rules to regulate the use and maintenance of the Southwest Regional
Recreation Area;

17. Cooperate with the states of Kentucky, Tennessee, and West Virginia and
appropriate state and local officials and community leaders in those states to
connect the trails in Virginia with similar recreation facilities in those
states; and

18. Exercise all of the powers that a corporation may lawfully exercise under
the laws of the Commonwealth.

HISTORY: 2008, cc. 645, 648.