                                 CODE OF VIRGINIA

ENUMERATION OF POWERS (§ 36-19)

An authority shall constitute a political subdivision of the Commonwealth with
public and corporate powers, and having all the powers necessary or convenient
to carry out and effectuate the purposes and provisions of this chapter,
including the following powers in addition to others herein granted:

1. To sue and to be sued; to have a seal and to alter the same at pleasure; to
have perpetual succession; to make and execute contracts and other instruments
necessary or convenient to the exercise of the powers of the authority; and to
make, amend and repeal bylaws, rules and regulations, not inconsistent with law,
to carry into effect the powers and purposes of the authority.

2. Within its area of operation, to prepare, carry out, acquire, lease and
operate housing projects and residential buildings, and to provide for the
construction, reconstruction, improvement, alteration or repair of any housing
project, residential building, or any part thereof, and to construct, remodel or
renovate any public building or other facility used for public purposes provided
the authority is requested to do so by the governing body of the political
subdivision wherein the public building or facility is located.

3. To arrange or contract for the furnishing by any person or agency, public or
private, of services, privileges, works, or facilities for, or in connection
with, a housing project or the occupants thereof; and (notwithstanding anything
to the contrary contained in this chapter or in any other provision of law) to
include in any contract let in connection with a project, any provisions
required to comply with any conditions which the federal government may have
attached to its financial aid of the project.

4. In connection with any housing project: to lease or rent any dwelling,
houses, accommodations, lands, buildings, structures or facilities embraced in
any housing project and (subject to the limitations contained in this chapter)
to establish and revise the rents or charges therefor; to own, hold, and improve
real or personal property; to purchase, lease, obtain options upon, acquire by
gift, grant, bequest, devise, or otherwise any real or personal property or any
interest therein; to acquire by the exercise of the power of eminent domain any
real property; to sell, lease, exchange, transfer, assign, pledge or dispose of
any real or personal property or any interest therein; to insure or provide for
the insurance of any real or personal property or operations of the authority
against any risks or hazards, to procure or agree to the procurement of
insurance or guarantees from the federal government of the payment of any bonds
or parts thereof issued by an authority, including the power to pay premiums on
any such insurance.

5. To invest any funds held in reserves or sinking funds, or any funds not
required for immediate disbursement, in property or security in which savings
banks may legally invest funds subject to their control; to purchase its bonds
at a price not more than the principal amount thereof and accrued interest, all
bonds so purchased to be cancelled.

6. Within its area of operation, to investigate into living, dwelling and
housing conditions and into the means and methods of improving such conditions;
to determine where blighted or slum areas exist or where there is a shortage of
decent, safe and sanitary dwelling accommodations for persons of low income; to
make studies and recommendations relating to the problem of clearing, replanning
and reconstructing of blighted or slum areas, and the problem of providing
dwelling accommodations for persons of low income, and to cooperate with the
locality, the Commonwealth or any other political subdivision thereof in action
taken in connection with such problems; and to engage in research, studies and
experimentation on the subject of housing.

7. To make loans or grants for the prevention and elimination of blighted or
slum areas and for assistance in housing construction or rehabilitation by
private sponsors of any and all funds received through federal programs and any
and all funds received from other sources, public or private including but not
limited to, rehabilitation loans received pursuant to the provisions of &#xA7;
312 of the Federal Housing Act of 1964, as amended and the Housing and Community
Development Act of 1974.

8. Within its area of operation, to act as agent for a political subdivision or
agency of the Commonwealth or for a federal agency in making construction or
rehabilitation loans to persons of low or moderate income in accordance with the
rules and regulations of the political subdivision or agency.

9. Within its area of operation to make grants, loans or refinance loans made by
others for assistance in planning, development, acquisition, construction,
repair, rehabilitation, equipping or maintenance of commercial, residential or
other buildings; provided that prior approval of any such loan by the local
governing body shall be required if the building is not located within a
housing, redevelopment or conservation area, or rehabilitation area and provided
further that any rehabilitation funded by any such grant or loan is in
compliance with property maintenance standards contained in duly adopted
redevelopment or conservation plans in effect in such area of operation.

10. To borrow money and issue evidence of indebtedness in the name of and for
the use of the authority, to issue bonds and other obligations, and give
security therefor, subject to such limitations as may be imposed by law.

11. To conduct examinations and investigations, and to make available to
appropriate agencies (including those charged with the duty of abating or
requiring the correction of nuisances or like conditions, or of demolishing
unsafe or unsanitary structures within its area of operation) its findings and
recommendations with regard to any building or property where conditions exist
which are dangerous to the public health, morals, safety or welfare.

12. With the approval of the local governing body or its designee, to form
corporations, partnerships, joint ventures, trusts, or any other legal entity or
combination thereof, on its own behalf or with any person or public or private
entity.

13. To exercise all or any part or combination of powers herein granted.
			No provisions of law with respect to the acquisition, operation or
disposition of property by other political subdivisions or public bodies shall
be applicable to an authority unless the legislature shall specifically state.

HISTORY: 1938, p. 450; Michie Code 1942, § 3145(8); 1971, Ex. Sess., c. 153;
1976, c. 510; 1977, c. 136; 1978, c. 679; 1982, c. 596; 1983, c. 27; 1984, cc.
350, 450; 1988, cc. 217, 416; 1995, c. 193; 2002, c. 548; 2006, c. 784.