                                 CODE OF VIRGINIA

AUTHORITY OBLIGATIONS TO BE NEGOTIABLE INSTRUMENTS; ENFORCEMENT OF BONDS (§
33.2-2910)

Notwithstanding the provisions of this chapter, or any provision of law, any
recital in any bond, any interim receipt, or any other obligation issued under
the provisions of this chapter, all such bonds, interim receipts, or other
obligations shall be deemed to be negotiable instruments under the laws of the
Commonwealth. The provisions of this chapter, and of any resolution or indenture
providing for the issuance and security of any revenue bonds, interim receipts,
or other obligations issued pursuant to this chapter, shall constitute a
contract with the holder of such revenue bonds, interim receipts, or other
obligations, and the agreements and covenants of the Authority under this
chapter and under such resolution, resolutions, or indentures shall be
enforceable by any holder of revenue bonds, interim receipts, or other
obligations issued under the provisions of this chapter and any representative
of such holder, and any trustee appointed under the bond resolution and
authorized to do so, may by suit, action, injunction, mandamus, or other
proceeding issued by a court of competent jurisdiction enforce all rights of
such holders under the laws of the Commonwealth or granted by this chapter and
in any such bond resolution or indenture and may compel performance of all
duties required to be performed by this chapter and by such bond resolutions or
indenture by the Authority or by any officer or agent thereof, including the
fixing, charging, and collecting of fees, tolls, rents, rates, and other charges
for the use of the Authority facilities.

HISTORY: 2009, c. 471, § 15.2-7010; 2014, c. 805.