                                 CODE OF VIRGINIA

AUTHORITY MAY BORROW MONEY, ACCEPT CONTRIBUTIONS, ETC (§ 2.2-2343)

In addition to the powers conferred upon the Authority by other provisions of
this article, the Authority shall have the power:

1. To borrow moneys or accept contributions, grants, or other financial
assistance from the federal government, the Commonwealth, any locality or
political subdivision, any agency or instrumentality thereof, including but not
limited to the Virginia Resources Authority, or any source, public or private,
for or in aid of any project of the Authority, and to these ends, to comply with
such conditions and enter into such mortgages, trust indentures, leases, or
agreements as may be necessary, convenient, or desirable;

2. To apply for grants from the Urban Public-Private Partnership Redevelopment
Fund pursuant to Chapter 24.1 (&#xA7; 15.2-2414 et seq.) of Title 15.2. The
Authority shall be considered a local government eligible for grants under that
chapter. Funds from any source available to the Authority may be used to meet
the matching requirement of any such grant;

3. To participate in local group pools authorized pursuant to &#xA7; 15.2-2703
or to participate in the Commonwealth&#8217;s risk pool administered by the
Division of Risk Management;

4. To utilize the provisions of the Public-Private Transportation Act of 1995
(&#xA7; 33.2-1800 et seq.) and the Public-Private Education Facilities and
Infrastructure Act of 2002 (&#xA7; 56-575.1 et seq.) as a qualifying public
entity under those statutes;

5. To apply for and receive enterprise zone designation under the Enterprise
Zone Grant Act (&#xA7; 59.1-538 et seq.). Fort Monroe shall be considered an
eligible area for such designation, although the Governor is not obligated to
grant such a designation;

6. To act as a local cooperating entity pursuant to &#xA7; 62.1-148; and

7. To enter into agreements with any public or private utility for the ownership
or operation of utility services at Fort Monroe, as provided in &#xA7;
2.2-2348.1. The Authority and the City may mutually agree that such services
should not or need not be included under any franchise agreement that the City
has with that utility. The utility shall provide the same service generally
available to its other customers in the City at reasonable rates.

HISTORY: 2011, c. 716; 2014, cc. 676, 681.