§ 5.1-171. Remedies
Any holder of bonds issued under the provisions of this act or of any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement, may either at law or in equity, by suit, action, injunction, mandamus or other […]
§ 5.1-172. Exemption from taxation
The exercise of the powers granted by this act shall be in all respects for the benefit of the inhabitants of the Commonwealth of Virginia, for the increase of their commerce, and for the promotion of their safety, health, welfare, convenience and prosperity, and as the operation and maintenance of the airports by the Authority […]
§ 5.1-173. Jurisdiction of courts; liability for contracts and torts
A. The courts of the Commonwealth of Virginia shall have original jurisdiction of all actions brought by or against the Authority, which courts shall in all cases apply the law of the Commonwealth of Virginia. B. The Authority shall be liable for its contracts and for its torts and those of its members, officers, employees, […]
§ 5.1-174. Procurement Act exemption
In light of the multijurisdictional nature of the Authority, an exemption is hereby provided to the Authority from the provisions of the Virginia Public Procurement Act. 2001, c. 342.
§ 5.1-175. Act liberally construed
This act, being necessary for the welfare of the Commonwealth of Virginia and its inhabitants, shall be liberally construed to effect the purposes thereof. 2001, c. 342.
§ 5.1-176. Repealed
Repealed by Acts 2015, c. 709, cl. 2.
§ 5.1-177. Inconsistent laws inapplicable
All other general or special laws inconsistent with any provision of this act are hereby declared to be inapplicable to the provisions of this act. 2001, c. 342.
§ 5.1-178. Repealed
Repealed by Acts 2021, Sp. Sess. I, c. 377, cl. 1, effective July 1, 2021.
§ 5.1-166. Credit of Commonwealth and political subdivisions not pledged
Revenue bonds issued under the provisions of this act shall not constitute a debt of the Commonwealth of Virginia or of any other political subdivision thereof nor a pledge of the faith and credit of the Commonwealth or of any political subdivision thereof. Such bonds shall be payable solely from funds provided therefor from revenues. […]
§ 5.1-167. Trust agreement
In the discretion of the Authority, any bonds issued under the provisions of this act may be secured by a trust agreement by and between the Authority and a corporate trustee, which may be any trust company or bank having the power of a trust company within or without the Commonwealth of Virginia. Such trust […]