reglab/housing_qa huggingface dataset:
VA Code § 15.2-6206 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6206. Further powers

The Authority may:1. Enter into contractual agreements in furtherance of its purpose;2. Rent, lease, including the execution of leases with option to purchase, buy, own, acquire and dispose of such property, real or personal, as the Authority deems proper to carry out any of the purposes and provisions of this chapter;3. Apply for and accept grants or loans of money or other property from any federal agency for any of the purposes authorized in this chapter and expend or use the same in accordance with the directions and requirements attached thereto or imposed thereon by any such federal agency; and4. Perform any act or function which is in accord with the purposes of this chapter, including (i) borrowing money, including issuing bonds, (ii) providing for the guarantee of loans, and (iii) employing such persons as the Board deems necessary to carry on the business of the Authority.1993, c. 982, § 15.1-1667; 1997, c. 587.
VA Code § 15.2-6207 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6207. Acceptance of funds, property, grants, or loans

The Authority may accept funds and property from the federal government, the Commonwealth, persons, and localities and may use the same for any of the purposes for which the Authority is created.Localities are hereby authorized to lend or donate money or other property to the Authority for any of its purposes. The locality making the grant or loan may restrict the use of such grants or loans to a specific project, within or outside that locality.1993, c. 982, § 15.1-1668; 1997, c. 587.
VA Code § 15.2-6208 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6208. Eligible use of funds

From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and public or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:1. Purchase of real estate;2. Grading of sites;3. Water, sewer, natural gas or electrical line improvements, replacement and extensions;4. Construction, rehabilitation, and expansion of buildings;5. Construction of parking facilities;6. Access roads construction and street improvements;7. Purchase or lease of machinery and tools; and8. Any other improvements deemed necessary by the Authority to meet its objectives.1993, c. 982, § 15.1-1669; 1997, c. 587.
VA Code § 15.2-6209 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6209. Capitalization of Authority

On or before January 1, 1994, and on or before the first day of each year thereafter, each county and town that is a member of the Authority may remit to the Authority an amount it deems appropriate for Authority purposes.1993, c. 982, § 15.1-1670; 1997, c. 587; 2005, c. 671; 2006, c. 861.
VA Code § 15.2-6210 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6210. Proceeds held

The secretary-treasurer may invest and reinvest funds of the Authority pending their need. All moneys received by the Authority pursuant to § 15.2-6208, together with any matching funds received from state or federal sources, shall be applied and used only in the county or town from which the funds were received, unless the governing body of the county or town consents to their use in another county, city, or town.1993, c. 982, § 15.1-1671; 1997, c. 587; 2006, c. 861.
VA Code § 15.2-6211 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6211. Forms of accounts and records; audit of same

The accounts and records of the Authority showing the receipt and disbursement of funds from whatever source derived shall be in such form as the Auditor of Public Accounts prescribes, provided that such accounts correspond as nearly as possible to the accounts and records for such matters maintained by corporate enterprises. The accounts and records of the Authority shall be subject to audit pursuant to § 30-140 and the costs of such audit services shall be borne by the Authority. The Authority's fiscal year shall be the same as the Commonwealth's.1993, c. 982, § 15.1-1672; 1997, c. 587.
VA Code § 15.2-6212 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6212. Dissolution of Authority

Each member locality of the Authority may withdraw from the Authority only upon dissolution of the Authority as set forth herein. Whenever the Board determines that the purpose for which the Authority was created has been substantially fulfilled or is impractical or impossible to accomplish and that all obligations incurred by the Authority have been paid or that cash or a sufficient amount of United States government securities has been deposited for their payment, or provisions satisfactory for the timely payment of all its outstanding obligations have been arranged, the Board may adopt resolutions declaring and finding that the Authority shall be dissolved. Appropriate attested copies of such resolutions shall be delivered to the Governor so that legislation dissolving the Authority may be introduced in the General Assembly. The dissolution of the Authority shall become effective according to the terms of such legislation. The title to all funds and other property owned by the Authority at the time of such dissolution shall vest in the counties and cities which have contributed to the fund in proportion to their respective contributions.1993, c. 982, § 15.1-1673; 1997, c. 587.
VA Code § 15.2-6213 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6213. Chapter liberally construed

This chapter, being necessary for the welfare of the Commonwealth and its inhabitants, shall be liberally construed to effect the purposes thereof.1993, c. 982, § 15.1-1674; 1997, c. 587.
VA Code § 15.2-6214 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 62 - Alleghany Highlands Economic Development Authority|§ 15.2-6214. Revenue sharing agreements

Notwithstanding the requirements of Chapter 34 (§ 15.2-3400 et seq.) of Title 15.2, the County of Alleghany and the Town of Clifton Forge may agree to a revenue and economic growth sharing arrangement with respect to tax revenues generated by any industry, business or other for-profit employment generating enterprise locating in any of the localities. The obligations of the parties to any such agreement shall not be construed to be debt within the meaning of Article VII, Section 10 of the Constitution of Virginia. Any such agreement shall be approved by a majority vote of the governing bodies of the localities reaching agreement but shall not require any other approval.1993, c. 982, § 15.1-1675; 1997, c. 587; 2006, c. 861.
VA Code § 15.2-6300 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6300. Declaration of policy for authorities created by the Governor

This legislation is enacted to provide for the acquisition by political subdivisions of areas which have been or may hereafter be occupied as United States government military installations and which are disposed of by the United States government. The industrial and economic development of localities included in or adjacent to such military installations and the tax revenues of the Commonwealth will be seriously affected by the manner in which such areas are returned to nonmilitary uses and to the tax rolls, no provision having been made therefor. The proper development of such areas industrially and otherwise is required so that local governments may derive revenues with which to render necessary services to their citizens and so that industrial development; job creation; and housing, recreational, commercial, educational and other economic and social development may be fostered and stimulated to prevent the creation of blighted areas in the Commonwealth with resultant injury to all. The creation by this chapter and operation of authorities pursuant to this chapter are governmental functions of the gravest concern to the Commonwealth and the need for this enactment being a matter of legislative policy such need is hereby declared as a matter of legislative determination.Code 1950, § 15-937; 1954, c. 645; 1962, c. 623, § 15.1-1320; 1996, c. 740; 1997, c. 587; 2005, cc. 869, 887.
VA Code § 15.2-6300.1 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6300.1. Declaration of policy for authorities created by a locality

It is further found and declared that: It being the policy of the federal government to promote the development of federal employee housing, including military housing, office buildings and other infrastructure through partnerships with private and governmental entities, the purpose of such transactions being to help the federal government get needed infrastructure in place more quickly, and to increase the value of its installations, the creation and operation of the authorities by a locality and the granting to such an authority of the powers set forth under this chapter are necessary for the public welfare, to enable more efficient cooperation with the federal government, and to increase the value of federal installations in the Commonwealth.2005, cc. 869, 887.
VA Code § 15.2-6301 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6301. Definitions

As used in this chapter, unless the context or subject matter requires otherwise:"Adjacent to such authority" includes real or personal property which is contiguous, neighboring, or within reasonable proximity of an authority."Area of operation" means an area coextensive with the territorial boundaries of the land acquired from the federal government by the authority."Authority" means any political subdivision created by this chapter. The terms "an authority" or "the authority" refer to each such authority."Bonds" means any bonds, notes, interim certificates, debentures, or other obligations issued by an authority pursuant to this chapter."Commissioners" means the members of the board of commissioners of an authority."Facility" means a particular building or structure or particular buildings or structures, including all equipment, appurtenances and accessories necessary or appropriate for the operation of such facility."Federal area" means an area coextensive with the territorial boundaries that is, or has been, occupied by a United States governmental activity or operation."Federal government" includes the United States of America, or any department, agency or instrumentality, corporate or otherwise, of the United States of America."Former federal area" means an area coextensive with the territorial boundaries that is, or has been, occupied by a United States governmental military installation and which is, or appears likely to be, subject to disposal by the United States government to public bodies, or otherwise."Obligee of the authority" or "obligee" includes any bondholder, trustee or trustees for any bondholders, and the federal government when it is a party to any contract with the authority."Project" means any specific enterprise undertaken by an authority, including the facilities as hereinafter defined, and all other property, real or personal or any interest therein, necessary or appropriate for the operation of such property."Public body of the Commonwealth" means any city, town, county, municipal corporation, commission, district, authority, other political subdivision or public body of the Commonwealth."Real property" means all lands, including improvements and fixtures thereon, and property of any nature appurtenant thereto, or used in connection therewith, and every estate, interest and right, legal or equitable, therein, including terms for years and liens by way of judgment, mortgage, or otherwise and the indebtedness secured by such liens.Code 1950, § 15-938; 1954, c. 645; 1962, c. 623, § 15.1-1321; 1997, c. 587; 2005, cc. 839, 869, 887.
VA Code § 15.2-6302 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6302. Establishment of development authorities

With regard to an authority created by the Governor, there is hereby created with respect to every former federal area a political subdivision of the Commonwealth, with such public and corporate powers as are set forth in this chapter. Each such authority shall be designated as the ____________________ Development Authority (with a name chosen by the Governor descriptive of the area in which the property is located); however, no authority shall exercise any power or transact any business hereunder unless or until the Governor upon receipt of a duly certified resolution of the governing body of each of the localities within the area of operation of an authority requesting such action, shall proclaim that a former federal area exists with respect to which an authority should function under the terms of this chapter. Any such authority for which such a proclamation has been issued may proceed to transact business and to exercise its powers hereunder at any time after the selection of the commissioners of the authority, as set forth in § 15.2-6304.Alternatively, the governing body of the City of Hampton may by ordinance create a development authority for the development or redevelopment of federal areas. The ordinance creating such an authority shall not be adopted or approved until a public hearing has been held on the question of its adoption or approval.In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of or action by the authority, the authority shall be conclusively presumed to have been established and authorized to transact business and exercise its powers hereunder (i) upon proof of the action of the Governor in issuing a proclamation with reference to such authority and the designation of its name by the Governor, which descriptive name can be altered by the authority as may be deemed expedient, or (ii) upon the adoption and approval of an ordinance by the City of Hampton in accordance with this section.Code 1950, § 15-939; 1954, c. 645; 1962, c. 623, § 15.1-1322; 1997, c. 587; 2003, c. 246; 2005, cc. 869, 887.
VA Code § 15.2-6303 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6303. Authorities to file annual reports

At least once a year, each authority shall file with the Governor a report of its activities for the preceding year.Code 1950, § 15-940; 1954, c. 645; 1962, c. 623, § 15.1-1323; 1997, c. 587.
VA Code § 15.2-6305 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6305. Powers and duties of director

The director shall exercise such of the powers and duties relating to the authority conferred upon the board as may be delegated to him by the board, including powers and duties involving the exercise of discretion. The director shall also exercise and perform such other powers and duties as may be lawfully delegated to him, and such powers and duties as may be conferred or imposed upon him by law.Code 1950, § 15-942; 1954, c. 645; 1962, c. 623, § 15.1-1325; 1997, c. 587.
VA Code § 15.2-6306 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6306. Principal and branch offices

The board of each authority created by proclamation of the Governor pursuant to § 15.2-6302 shall establish a principal office within one of the counties included in the authority. The board may also establish such branch offices as may be considered by the board to be appropriate to the efficient operation of the authority.Code 1950, § 15-943; 1954, c. 645; 1962, c. 623, § 15.1-1326; 1997, c. 587; 2005, cc. 869, 887.
VA Code § 15.2-6307 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6307. Legal services

For such legal services as it may require, the authority may employ its own counsel and legal staff or make use of legal services made available to it by any public body, or both.Code 1950, § 15-944; 1954, c. 645; 1962, c. 623, § 15.1-1327; 1997, c. 587.
VA Code § 15.2-6308.1 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6308.1. Approval of Governor required

If an authority desires to undertake a project or other activity as provided in this chapter, and the property involved in such undertaking is subject to a reversionary interest in favor of the Commonwealth, such undertaking shall require the prior approval of the Governor but shall not require the approval of any other agency or political subdivision of the Commonwealth. Once the Governor grants such approval, the Commonwealth's reversionary interest in such property shall be subordinate to any lease, mortgage, or other transaction entered into by such authority with regard to such property.2005, cc. 869, 887.
VA Code § 15.2-6309 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6309. Two or more authorities may join or cooperate in exercising powers

Any two or more authorities may join or cooperate with one another in the exercise, either jointly or otherwise, of any or all of the powers granted to such authorities.Code 1950, § 15-947; 1954, c. 645; 1962, c. 623, § 15.1-1330; 1997, c. 587.
VA Code § 15.2-6310 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6310. Payments to Commonwealth or political subdivisions thereof

An authority may agree to make such payments to the Commonwealth, a locality, or any political subdivision thereof, which payments such bodies are hereby authorized to accept, as the authority finds consistent with the purposes for which the authority has been created.Code 1950, § 15-948; 1954, c. 645; 1962, c. 623, § 15.1-1331; 1997, c. 587.
VA Code § 15.2-6311 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6311. Authorities may borrow money, accept contributions, etc.

In addition to the powers conferred upon an authority by other provisions of this chapter, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government; the Commonwealth; any locality or political subdivision; or any agency or instrumentality thereof; or from any source, public or private, for or in aid of any project of the authority, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as may be necessary, convenient or desirable.Code 1950, § 15-949; 1954, c. 645; 1962, c. 623, § 15.1-1332; 1996, c. 740; 1997, c. 587.
VA Code § 15.2-6312 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 63 - Authorities for Development of Former Federal Areas|§ 15.2-6312. Authorities empowered to issue bonds; additional security; liability thereon

An authority shall have power to issue bonds from time to time in its discretion, for any of its corporate purposes, including the issuance of refunding bonds for the payment or retirement of bonds previously issued by it. An authority may issue such type of bonds as it may determine, including (without limiting the generality of the foregoing):1. Bonds on which the principal and interest are payable:a. Exclusively from the income and revenues of the project or facility financed with the proceeds of such bonds; orb. Exclusively from the income and revenues of certain designated projects or facilities whether or not they are financed in whole or in part with the proceeds of such bonds; orc. From its revenues generally.2. Bonds on which the principal and/or interest are payable solely from contributions or grants received from the federal government, the Commonwealth or any other source, public or private.Any such bonds may be additionally secured by a pledge of any grants or contributions from the federal government, the Commonwealth or any political subdivision of the Commonwealth, or other source, or a pledge of any income or revenues of the authority, or a mortgage of any particular projects or facilities or other property of the authority.Neither the commissioners of an authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. The bonds and other obligations of an authority (and such bonds and obligations shall so state on their face) shall not be a debt of the Commonwealth, or any political subdivision thereof (other than the issuing authority), and neither the Commonwealth nor any political subdivision thereof (other than the issuing authority) shall be liable thereon, nor shall such bonds or obligations be payable out of any funds or properties other than those of the authority. The bonds shall not constitute an indebtedness within the meaning of any debt limitation or restriction. Bonds of an authority are declared to be issued for an essential public and governmental purpose.Code 1950, § 15-950; 1954, c. 645; 1962, c. 623, § 15.1-1333; 1996, c. 740; 1997, c. 587.