                                 CODE OF VIRGINIA

DEFINITIONS (§ 23.1-2400)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Authority&#8221; means the Virginia Commonwealth University Health
System Authority.
		&#8220;Board&#8221; means the board of directors of the Authority.
		&#8220;Bonds&#8221; means bonds, notes, revenue certificates, lease
participation certificates, or other evidences of indebtedness or deferred
purchase financing arrangements.
		&#8220;Chief executive officer&#8221; means the chief executive officer of the
Virginia Commonwealth University Health System Authority.
		&#8220;Costs&#8221; means (i) costs of (a) construction, reconstruction,
renovation, site work, and acquisition of lands, structures, rights-of-way,
franchises, easements, and other property rights and interests; (b) demolition,
removal, or relocation of buildings or structures; (c) labor, materials,
machinery, and all other kinds of equipment; (d) engineering and inspections;
(e) financial, legal, and accounting services; (f) plans, specifications,
studies, and surveys; (g) estimates of costs and of revenues; (h) feasibility
studies; and (i) issuance of bonds, including printing, engraving, advertising,
legal, and other similar expenses; (ii) financing charges; (iii) administrative
expenses, including administrative expenses during the start-up of any project;
(iv) credit enhancement and liquidity facility fees; (v) fees for interest rate
caps, collars, swaps, or other financial derivative products; (vi) interest on
bonds in connection with a project prior to and during construction or
acquisition thereof and for a period not exceeding one year thereafter; (vii)
provisions for working capital to be used in connection with any project; (viii)
redemption premiums, obligations purchased to provide for the payment of bonds
being refunded, and other costs necessary or incident to refunding of bonds;
(ix) operating and maintenance reserve funds, debt reserve funds, and other
reserves for the payment of principal and interest on bonds; (x) all other
expenses necessary, desirable, or incidental to the operation of the
Authority&#8217;s facilities or the construction, reconstruction, renovation,
acquisition, or financing of projects, other facilities, or equipment
appropriate for carrying out the purposes of this chapter and the placing of the
same in operation; or (xi) the refunding of bonds.
		&#8220;Hospital facilities&#8221; means all property or rights in property,
real and personal, tangible and intangible, including all facilities suitable
for providing hospital and health care services and all structures, buildings,
improvements, additions, extensions, replacements, appurtenances, lands, rights
in land, furnishings, landscaping, approaches, roadways, and other related and
supporting facilities owned, leased, operated, or used, in whole or in part, by
Virginia Commonwealth University as part of, or in connection with, MCV
Hospitals in the normal course of its operations as a teaching, research, and
medical treatment facility.
		&#8220;Hospital obligations&#8221; means all debts or other obligations,
contingent or certain, owing to any person or other entity on the transfer date,
arising out of the operation of MCV Hospitals as a medical treatment facility or
the financing or refinancing of hospital facilities and including all bonds and
other debts for the purchase of goods and services, whether or not delivered,
and obligations for the delivery of services, whether or not performed.
		&#8220;Project&#8221; means any health care, research, or educational facility
or equipment necessary or convenient to or consistent with the purposes of the
Authority, whether owned by the Authority, including hospitals; nursing homes;
continuing care facilities; self-care facilities; wellness and health
maintenance centers; medical office facilities; clinics; outpatient clinics;
surgical centers; alcohol, substance abuse, and drug treatment centers;
laboratories; sanitariums; hospices; facilities for the residence or care of
elderly or chronically ill individuals or individuals with disabilities;
residential facilities for nurses, interns, and physicians; other kinds of
facilities for the treatment of sick, disturbed, or infirm individuals, the
prevention of disease, or maintenance of health; colleges, schools, or divisions
offering undergraduate or graduate programs for the health professions and
sciences and such other courses of study as may be appropriate, together with
research, training, and teaching facilities; all necessary or desirable related
and supporting facilities and equipment or equipment alone, including (i)
parking, kitchen, laundry, laboratory, wellness, pharmaceutical, administrative,
communications, computer, and recreational facilities; (ii) power plants and
equipment; (iii) storage space; (iv) mobile medical facilities; (v) vehicles;
(vi) air transport equipment; and (vii) other equipment necessary or desirable
for the transportation of medical equipment, medical personnel, or patients; and
all lands, buildings, improvements, approaches, and appurtenances necessary or
desirable in connection with or incidental to any project.
		&#8220;Transfer date&#8221; means a date or dates agreed to by the board of
visitors of Virginia Commonwealth University and the Authority for the transfer
of employees to the Authority and for the transfer of hospital facilities, or
any parts thereof, to and the assumption, directly or indirectly, of hospital
obligations by the Authority, which dates for the various transfers and the
various assumptions may be different, but in no event shall any date be later
than June 30, 1997.
		&#8220;University&#8221; means Virginia Commonwealth University.

HISTORY: 1996, cc. 905, 1046, § 23-50.16:4; 2000, c. 720; 2016, c. 588; 2023,
cc. 148, 149.