                                 CODE OF VIRGINIA

POWERS OF AUTHORITY (§ 53.1-95.7)

Each authority created hereunder shall be deemed to be an instrumentality
exercising public and essential governmental functions to provide for the public
safety and welfare, and each such authority is hereby authorized and empowered:

1. To have a seal and alter the same at pleasure;

2. To acquire by gift, purchase, lease, or otherwise, and to hold, to sell, at
public or private sale, or exchange, lease, mortgage, pledge, subordinate
interest in, or otherwise dispose of real and personal property of every kind
and character for its purposes;

3. To appoint, select, and employ officers, agents, and employees, including a
superintendent of the regional correctional facility and necessary jail officers
and employees therefor, and also including engineering and construction experts,
fiscal agents and attorneys, and to fix their respective compensations;

4. To make contracts and leases and to execute all instruments necessary or
convenient, including contracts for construction and financing of projects and
leases of projects or contracts with respect to the use of projects which it
causes to be erected or acquired, and to dispose by conveyance of its title in
fee simple of real and personal property of every kind and character, and any
and all political subdivisions, departments, institutions, or agencies of the
Commonwealth are hereby authorized to enter into contracts, leases, or
agreements with the authority upon such terms and for such purposes as they deem
advisable;

5. To construct, erect, acquire, own, repair, remodel, maintain, add to, extend,
improve, equip, furnish, operate, and manage projects, the cost of any such
project to be paid in whole or in part from the proceeds or other funds made
available to the authority;

6. To accept loans and grants of money or materials or property of any kind from
the United States of America or any agency or instrumentality thereof, upon such
terms and conditions as the United States of America or such agency or
instrumentality may impose;

7. To accept loans and grants of money or materials or property of any kind from
the Commonwealth of Virginia or any agency or instrumentality or political
subdivision thereof, upon such terms and conditions as the Commonwealth of
Virginia or such agency or instrumentality or political subdivision may impose;

8. To borrow money for any of its corporate purposes and to execute evidences of
such indebtedness and to secure the same and to issue negotiable revenue bonds
payable solely from funds pledged for that purpose and to provide for the
payment of the same and for the rights of the holders thereof. Any city or
county participating in the authority may lend, advance, or give money or
materials or property of any kind to the authority;

9. To exercise any power usually possessed by private corporations performing
similar functions, which is not in conflict with the Constitution and laws of
the Commonwealth;

10. An authority created pursuant to this article and any trustee acting under
any trust indenture are specifically authorized from time to time to sell,
lease, grant, exchange, or otherwise dispose of any surplus property, both real
and personal, or interest therein not required in the normal operation of and
usable in the furtherance of the purpose for which the authority was created,
except as such right and power may be limited as provided in &#xA7; 53.1-95.8
hereof;

11. To sue and be sued in its own name, plead and be impleaded;

12. To adopt, amend, or repeal bylaws, rules, and regulations, not inconsistent
with this article or the general laws of the Commonwealth, for the regulation of
its affairs and the conduct of its business and to carry into effect its powers
and purposes;

13. To do all things necessary or convenient to carry out the powers expressly
given in this article.

HISTORY: 1990, c. 837; 1994, c. 270.