Chapter 54: Electric Authorities Act

This chapter is comprised of the following sections:

§15.2-5400 Short title
§15.2-5401 Intent of General Assembly
§15.2-5402 Definitions
§15.2-5403 Creation of electric authority; referendum
§15.2-5404 Articles of incorporation
§15.2-5405 Certificate of incorporation or charter; addition and withdrawal of members; board of directors; indemnification of directors, officers or employees
§15.2-5405.1 Applicability of personnel and procurement procedures to certain authorities
§15.2-5406 Rights, powers and duties of authority
§15.2-5406.1 Retail distribution of electric energy limited to certain authorities
§15.2-5406.2 Tort claims against certain authorities
§15.2-5407 Membership in more than one authority
§15.2-5408 Sale of power and energy, including capacity and output to member governmental units by authority; duration of contracts; source of payments; furnishing of money, property or services by member governmental units
§15.2-5409 Sale of capacity and output to nonmembers; limitations
§15.2-5410 Contents of agreement as to joint ownership of project; designation of party to agreement as agent for construction, operation and maintenance of project; powers and duties of agent
§15.2-5411 Contracts for planning, acquisition, construction, etc., of projects
§15.2-5412 Issuance of bonds by authority
§15.2-5413 Interim receipts and temporary bonds; lost, stolen and destroyed bonds
§15.2-5414 Bonds not debts of Commonwealth or member governmental unit
§15.2-5415 Security for bonds; trust agreement; bond resolution
§15.2-5416 Rents, rates, fees and other charges
§15.2-5417 Moneys received deemed trust funds
§15.2-5418 Bondholders&#8217; and trustees&#8217; remedies
§15.2-5419 Refunding bonds
§15.2-5420 Status of bonds under Uniform Commercial Code
§15.2-5421 Bonds as legal investments and lawful security
§15.2-5422 Bonds exempt from taxation
§15.2-5423 Payments in lieu of property taxes; license tax
§15.2-5423.1 Exemption from taxation for certain authorities
§15.2-5424 Transfer, etc., of property of political subdivisions upon request of authority
§15.2-5425 Eminent domain
§15.2-5426 Annual reports
§15.2-5427 Liability of members or officers
§15.2-5428 Dissolution of authority
§15.2-5429 Legislative consent to application of laws of other states
§15.2-5430 Provisions of chapter cumulative; construction
§15.2-5431 Provisions of chapter controlling over other statutes and charters
