                                 CODE OF VIRGINIA

POWERS OF THE AUTHORITY (§ 33.2-3708)

A. The Authority shall have the following powers together with all powers
incidental thereto or necessary for the performance of those hereinafter stated:

   1. To sue and be sued and to prosecute and defend, at law or in equity, in any
   court having jurisdiction of the subject matter and of the parties;

   2. To adopt and use a corporate seal and to alter the same at its pleasure;

   3. To procure insurance, participate in insurance plans, and provide
   self-insurance; however, the purchase of insurance, participation in an
   insurance plan, or the creation of a self-insurance plan by the Authority
   shall not be deemed a waiver or relinquishment of any sovereign immunity to
   which the Authority or its officers, directors, employees, or agents are
   otherwise entitled;

   4. To establish bylaws and make all rules and regulations, not inconsistent
   with the provisions of this chapter, deemed expedient for the management of
   the Authority&#8217;s affairs;

   5. To apply for and accept money, materials, contributions, grants, or other
   financial assistance from the United States and agencies or instrumentalities
   thereof, the Commonwealth and any political subdivision, agency, or
   instrumentality of the Commonwealth, and any legitimate private source;

   6. To acquire real and personal property or any interest therein by purchase,
   lease, gift, or otherwise for purposes consistent with this chapter and to
   hold, encumber, sell, or otherwise dispose of such land or interest for
   purposes consistent with this chapter;

   7. To acquire by purchase, lease, contract, or otherwise, highways, bridges,
   or tunnels and to construct the same by purchase, lease, contract, or
   otherwise;

   8. In consultation with the Commonwealth Transportation Board for projects
   that encompass a state highway, and with each city or county in which the
   facility or any part thereof is or is to be located, to repair, expand,
   enlarge, construct, reconstruct, or renovate any or all highways, bridges, and
   tunnels within Planning District 15 and to acquire any real or personal
   property needed for any such purpose;

   9. To enter into agreements or leases with public or private entities for the
   operation and maintenance of bridges, transit and rail facilities, and
   highways;

   10. To make and execute contracts, deeds, mortgages, leases, and all other
   instruments and agreements necessary or convenient for the performance of its
   duties and the exercise of its powers and functions under this chapter;

   11. To the extent funds are made or become available to the Authority to do
   so, to employ employees, agents, advisors, and consultants, including without
   limitation attorneys, financial advisers, engineers, and other technical
   advisers and, the provisions of any other law to the contrary notwithstanding,
   to determine their duties and compensation;

   12. To exercise the powers of a locality pursuant to &#xA7; 33.2-269; and

   13. To the extent not inconsistent with the other provisions of this chapter,
   and without limiting or restricting the powers otherwise given the Authority,
   to exercise all of the powers given to transportation district commissions by
   &#xA7; 33.2-1919.

B. The Authority shall comply with the provisions governing localities contained
in &#xA7; 15.2-2108.23.

HISTORY: 2020, c. 1235.