                                 CODE OF VIRGINIA

DEFINITIONS (§ 33.2-2200)

As used in this chapter, unless the context requires a different meaning:
		&#8220;Bonds&#8221; means bonds, notes, bond anticipation notes, or other
obligations of the District, notwithstanding any contrary provision in this
chapter, which may be issued in certificated or uncertificated form as current
interest or capital appreciation bonds, or a hybrid thereof, and may bear
interest at a rate, which may be fixed, zero, or at a floating or variable rate
of interest established by reference to indices or formulae, that may be in
excess of the rate now permitted by law and payable at such times as the
Commission may determine. Bonds may be issued under a system of book entry for
recording the ownership and transfer of ownership of rights to receive payments
of principal and premium, if any, and interest on the bonds. Bonds may be sold
in such manner and for such price as the Commission may determine to be for the
best interests of the District.
		&#8220;Commission&#8221; means the governing body of the District known as the
Chesapeake Bay Bridge and Tunnel Commission.
		&#8220;Cost,&#8221; as applied to the project, means any or all of the
following: the cost of construction; the cost of the acquisition of all land,
rights-of-way, property, rights, franchises, easements, and interests acquired
by the Commission for such construction; the cost of demolishing or removing any
buildings or structures on land so acquired, including the cost of acquiring any
lands to which such buildings or structures may be moved; the cost of all
machinery and equipment; provision for reasonable working capital, financing
charges, and interest prior to and during construction; and, if deemed advisable
by the Commission, for a period not exceeding one year after completion of
construction, the cost of traffic estimates and of engineering and legal
services, plans, specifications, surveys, estimates of cost and of revenues, and
other expenses necessary or incident to determining the feasibility or
practicability of constructing the project; administrative expenses; and such
other expenses as may be necessary or incident to the construction of the
project, the financing of such construction, and the placing of the project in
operation. Any obligation or expense hereafter incurred by the Commonwealth
Transportation Board with the approval of the Commission for traffic surveys,
borings, preparation of plans and specifications, and other engineering services
in connection with the construction of the project shall be regarded as a part
of the cost of the project and shall be reimbursed to the Commonwealth
Transportation Board out of the proceeds of revenue bonds issued for the project
as authorized in this chapter.
		&#8220;District&#8221; means the political subdivision of the Commonwealth
known as the Chesapeake Bay Bridge and Tunnel District.
		&#8220;Owner&#8221; includes all persons as defined in § 1-230 having any
interest or title in and to property, rights, franchises, easements, and
interests authorized to be acquired by this chapter.
		&#8220;Project&#8221; means a bridge or tunnel or a bridge and tunnel project,
including the existing bridge and tunnel crossing operated by the Commission and
all or a part of an additional and generally parallel bridge and tunnel
crossing, from any point within the boundaries of the District to a point in the
County of Northampton, including such approaches and approach highways as the
Commission deems necessary to facilitate the flow of traffic in the vicinity of
such project or to connect such project with the highway system or other traffic
facilities in the Commonwealth, and including all overpasses, underpasses,
interchanges, entrance plazas, toll houses, service stations, garages,
restaurants, and administration, storage, and other buildings and facilities
that the Commission may deem necessary for the operation of such project,
together with all property, rights, franchises, easements, and interests that
may be required by the Commission for the construction or the operation of such
project.

HISTORY: 1956, c. 714; 1959, Extra Session, c. 24; 1990, c. 203; 2014, c. 805.