                                 CODE OF VIRGINIA

POWERS; ACQUISITION OF PROPERTY (§ 23.1-1225)

The Authority may, directly or through a participating institution as its agent,
acquire by (i) purchase solely from funds provided under the provisions of this
article, (ii) gift, or (iii) devise, such lands, structures, property, real or
personal, rights, rights-of-way, air rights, franchises, easements, and other
interests in lands, including lands lying under water and riparian rights, that
are located within the Commonwealth as it may deem necessary or convenient for
the acquisition, construction, or operation of a project, upon such terms and at
such prices as it deems reasonable and can be agreed upon between it and the
owner of the property and take title to the property in the name of the
Authority or any participating institution as its agent.

HISTORY: 1972, c. 686, § 23-30.44; 2016, c. 588; 2017, c. 314.