                                 CODE OF VIRGINIA

FURTHER POWERS (§ 15.2-6206)

The Authority may:

1. Enter into contractual agreements in furtherance of its purpose;

2. Rent, lease, including the execution of leases with option to purchase, buy,
own, acquire and dispose of such property, real or personal, as the Authority
deems proper to carry out any of the purposes and provisions of this chapter;

3. Apply for and accept grants or loans of money or other property from any
federal agency for any of the purposes authorized in this chapter and expend or
use the same in accordance with the directions and requirements attached thereto
or imposed thereon by any such federal agency; and

4. Perform any act or function which is in accord with the purposes of this
chapter, including (i) borrowing money, including issuing bonds, (ii) providing
for the guarantee of loans, and (iii) employing such persons as the Board deems
necessary to carry on the business of the Authority.

HISTORY: 1993, c. 982, § 15.1-1667; 1997, c. 587.