                                 CODE OF VIRGINIA

DEFINITIONS (§ 5.1-152)

For the purposes of this act, the following terms and phrases shall mean:
		&#8220;Authority&#8221; shall mean the Metropolitan Washington Airports
Authority created by this act and by similar enactment by the District of
Columbia or, if the Authority shall be abolished, the board, body, or commission
or agency succeeding to the principal functions thereof or upon whom the powers
given by this act to the Authority shall be conferred by law;
		&#8220;Authority Facilities&#8221; shall mean any or all airport facilities
now existing or hereafter acquired or constructed or caused to be constructed by
the Authority under this act, and together with any or all buildings,
improvements, additions, extensions, replacements, appurtenances, lands, rights
in land, water rights, air rights, franchises, machinery, equipment,
furnishings, landscaping, easements, utilities, approaches, roadways and other
facilities necessary or desirable in connection therewith or incidental thereto,
including the existing Dulles Airport Access Road and its right-of-way, acquired
or constructed by the Authority;
		&#8220;Bonds&#8221; or &#8220;revenue bonds&#8221; shall mean bonds and notes
or refunding bonds and notes or bond anticipation notes or other obligations of
the Authority issued under the provisions of this act.
		&#8220;Cost&#8221; shall mean, as applied to Authority Facilities, the cost of
acquisition of all lands, structures, rights-of-way, franchises, easements and
other property rights and interests, the cost of lease payments, the cost of
construction, the cost of demolishing, removing or relocating any buildings or
structures on lands acquired, including the cost of acquiring any lands to which
such buildings or structures may be moved or relocated, the cost of any
extensions, enlargements, additions and improvements, the cost of all labor,
materials, machinery and equipment, financing charges, interest on all bonds
prior to and during construction and, if deemed advisable by the Authority, for
a period not exceeding one year after completion of such construction, the cost
of engineering, financial and legal services, plans, specifications, studies,
surveys, estimates of cost and of revenues, other expenses necessary or incident
to determining the feasibility or practicability of constructing the Authority
Facilities, administrative expenses, provisions for working capital, reserves
for interest and for extensions, enlargements, additions and improvements, the
cost of bond issuance and other devices designed to enhance the creditworthiness
of the bonds, and such other expenses as may be necessary or incidental to the
construction of the Authority Facilities, the financing of such construction and
the placing of the Authority Facilities in operation. Any obligation or expenses
incurred by the Commonwealth or any agency thereof, with the approval of the
Authority, for studies, surveys, borings, preparation of plans and
specifications or other work or materials in connection with the construction of
the Authority Facilities may be regarded as part of the cost of the Authority
Facilities and may be reimbursed to the Commonwealth or such agency out of any
funds available therefor or the proceeds of the revenue bonds issued for such
Authority Facilities as hereinafter authorized.

HISTORY: 2001, c. 342.