                                 CODE OF VIRGINIA

DEFINITIONS (§ 33.2-287)

As used in this article, unless the context requires a different meaning:
		&#8220;Authority&#8221; means the Virginia Passenger Rail Authority.
		&#8220;Board&#8221; means the Board of Directors of the Authority.
		&#8220;Bonds&#8221; means the revenue notes, bonds, certificates, and other
evidences of indebtedness or obligations of the Authority.
		&#8220;Cost&#8221; means, as applied to rail facilities, (i) the cost of
construction; (ii) the cost of acquisition of all lands, structures, fixtures,
rights-of-way, franchises, easements, and other property rights and interests;
(iii) the cost of demolishing, removing, or relocating any buildings,
structures, or fixtures on lands acquired, including the cost of acquiring any
lands to which such buildings, structures, or fixtures may be moved or
relocated; (iv) the cost of all labor, materials, machinery, and equipment; (v)
financing charges and interest on all bonds prior to and during construction and
for one year after completion of construction; (vi) the cost of engineering,
financial, and legal services, plans, specifications, studies, surveys,
estimates of cost and of revenues, and other expenses incidental to determining
the feasibility of acquiring, constructing, operating, or maintaining rail
facilities; (vii) administrative expenses, provisions for working capital, and
reserves for interest and for extensions, enlargements, additions, and
improvements; and (viii) such other expenses as may be necessary or incidental
to the acquisition, construction, financing, operations, and maintenance of rail
facilities. Any obligation or expense incurred by the Commonwealth or any agency
thereof for studies, surveys, borings, preparation of plans, and specification
or other work or materials in the acquisition or construction of rail facilities
may be regarded as a part of the cost of rail facilities and may be reimbursed
to the Commonwealth or any agency thereof out of the proceeds of the bonds
issued for such rail facilities as herein authorized.
		&#8220;Department&#8221; means the Department of Rail and Public
Transportation.
		&#8220;Rail facilities&#8221; means the assets consisting of the real,
personal, or mixed property, or any interest in that property, whether tangible
or intangible, that are determined to be necessary or convenient for the
provision of passenger rail service. &#8220;Rail facilities&#8221; includes all
property or interests necessary or convenient for the acquiring, providing,
using, equipping, or maintaining of a rail facility or system, including
right-of-way, trackwork, train controls, stations, and maintenance facilities.
		&#8220;Transportation Board&#8221; means the Commonwealth Transportation
Board.

HISTORY: 2020, cc. 1230, 1275.