§ 15.2-7424. Existing contracts, leases, franchises, etc., not impaired
No provision of this act shall relieve, impair, or affect any right, duty, liability, or obligation arising out of any contract, concession, lease, or franchise now in existence except to the extent that such contract, concession, lease, or franchise may permit. Notwithstanding the foregoing provisions of this section, the Authority may renegotiate, renew, extend the […]
§ 15.2-7425. Withdrawal of membership
Any member jurisdiction may withdraw from membership in the Authority by resolution or ordinance of its governing body. However, no member jurisdiction shall be permitted to withdraw from the Authority after any obligation has been incurred except by unanimous vote of all member jurisdictions. 2014, c. 471.
§ 15.2-7419. Appropriation by political subdivision
Any participating political subdivision, or other political subdivision of the Commonwealth, is authorized to provide services, to donate real or personal property, and to make appropriations to the Authority for the acquisition, construction, maintenance, and operation of the Authority’s facilities. Any such political subdivision is hereby authorized to issue its bonds, including general obligation bonds, […]
§ 15.2-7420. Contracts with political subdivisions
The Authority is authorized to enter into contracts with any one or more political subdivisions. 2014, c. 471.
§ 15.2-7421. Agreement with Commonwealth and participating political subdivisions
The Commonwealth and, by participating in the Authority, each participating political subdivision pledge to and agree with the holders of any bonds issued by the Authority that neither the Commonwealth nor any participating political subdivision will limit or alter the rights hereunder vested in the Authority to fulfill the terms of any agreements made with […]
§ 15.2-7422. Liberal construction
Neither this act nor anything contained herein is or shall be construed as a restriction or limitation upon any powers that the Authority might otherwise have under any laws of the Commonwealth, and this act is cumulative to any such powers. This act does and shall be construed to provide a complete, additional, and alternative […]
§ 15.2-7423. Application of local ordinances, service charges, and taxes upon leaseholds
Nothing herein contained shall be construed to exempt the Authority’s property from any applicable zoning, subdivision, erosion and sediment control, and fire prevention codes or from building regulations of a political subdivision in which such property is located. Nor shall anything herein contained exempt the property of the Authority from any service charge authorized by […]
§ 15.2-7413. Fees, rents, and charges
The Authority is hereby authorized to and shall fix, revise, charge, and collect fees, rents, and other charges for the use and services of any facilities or access site. Such fees, rents, and other charges shall be so fixed and adjusted as to provide a fund sufficient with other revenues to pay the cost of […]
§ 15.2-7414. Credit of Commonwealth and political subdivisions not pledged
Bonds issued pursuant to the provisions of this act shall not be deemed to constitute a debt of the Commonwealth, or any political subdivision thereof other than the Authority, but such bonds shall be payable solely from the funds provided therefor as herein authorized. All such bonds shall contain on the face thereof a statement […]
§ 15.2-7415. Directors and persons executing bonds not liable thereon
Neither the board of directors nor any person executing the bonds shall be liable personally for the Authority’s bonds by reasons of the issuance thereof. 2014, c. 471.