reglab/housing_qa huggingface dataset:
VA Code § 15.2-5421 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5421. Bonds as legal investments and lawful security

The bonds issued pursuant to this chapter shall be and are hereby declared to be legal and authorized investments for banks, savings institutions, trust companies, building and loan associations, insurance companies, fiduciaries, trustees, and guardians and for all public funds of the Commonwealth or other political corporations or subdivisions of the Commonwealth. Such bonds shall be eligible to secure the deposit of any and all public funds of the Commonwealth and any and all public funds of localities, school districts or other political corporations or subdivisions of the Commonwealth, and such bonds shall be lawful and sufficient security for such deposits to the extent of their value when accompanied by all unmatured coupons appertaining thereto.1979, c. 416, § 15.1-1624; 1996, c. 77; 1997, c. 587.
VA Code § 15.2-5422 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5422. Bonds exempt from taxation

Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from all taxation by the Commonwealth or any political subdivision thereof, except inheritance or gift taxes.1979, c. 416, § 15.1-1625; 1997, c. 587.
VA Code § 15.2-5423 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5423. Payments in lieu of property taxes; license tax

A project owned by an authority shall be exempt from property taxes. However, an authority, other than an authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403, owning a project shall, in lieu of property taxes, pay to any governmental body authorized to levy property taxes, the amount which would be assessed as taxes on real and personal property of a project if such project were otherwise subject to valuation and assessment by the State Corporation Commission, in the same manner as are public utility companies. Such payments in lieu of taxes shall be due and shall bear interest, if unpaid, as in the cases of taxes on other property. Authorities, other than an authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403, shall pay the annual state license tax imposed by § 58.1-2626, or an equal amount in lieu of such tax, to the same extent as if § 58.1-2626 were by its terms expressly applicable to authorities. Payments in lieu of taxes made hereunder shall be treated in the same manner as taxes for purposes of all procedural and substantive provisions of law. The retail sales of an authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403 shall be subject to the taxes imposed under § 58.1-2900. Except as herein expressly provided with respect to projects owned by an authority, no other property of such authority used or useful in the generation, transmission, transformation, and distribution of electric power and energy shall be subject to payment in lieu of taxes.1979, c. 416, § 15.1-1626; 1997, c. 587; 2006, cc. 929, 941.
VA Code § 15.2-5423.1 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5423.1. Exemption from taxation for certain authorities

An authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403 is hereby declared to be performing a public function on behalf of the governmental unit that is the sole member of such authority with respect to which the authority is created and to be a public instrumentality of such governmental unit. Accordingly, an authority created by a governmental unit exempt from the referendum requirement of § 15.2-5403 shall be exempt from state and local taxation to the same extent that the governmental unit that is the sole member of such authority is exempt from such taxation.2006, cc. 929, 941.
VA Code § 15.2-5424 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5424. Transfer, etc., of property of political subdivisions upon request of authority

The governing body of any political subdivision, notwithstanding any contrary provision of law, is hereby authorized to transfer jurisdiction over, to permit the use of, lease, lend, grant or convey to the authority upon the request of the authority, upon such terms and conditions as the governing body of such subdivision may agree with the authority as reasonable and fair, such real or personal property as may be necessary or desirable in connection with the acquisition, construction, improvement, operation or maintenance of any project by the authority, including public roads and other property already donated to public use. However, the authority must pay full market value for any such real or personal property conveyed by the governing body of any political subdivision to the authority. Whenever any railroad tracks, pipes, poles, wires, conduits or other structures or facilities which are located in, along, across, over or under any public road, street, highway, alley or other public right-of-way shall become an obstruction to, interfere with or be endangered by the construction, operation or maintenance of any project of the authority, the political subdivision having ownership, control or jurisdiction over such public road, street, highway, alley or other public right-of-way may, as the exercise of an essential governmental function, order the safeguarding, maintaining, relocating, rebuilding, removing and replacing of such railroad tracks, pipes, poles, wires, conduits or other structures or facilities by the owner thereof at the expense of the authority, and subject to the provisions of § 25.1-102.1979, c. 416, § 15.1-1627; 1997, c. 587.
VA Code § 15.2-5425 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5425. Eminent domain

An authority created under the provisions of this chapter is hereby vested with the power of eminent domain and the same authority to exercise the power of eminent domain as is granted in Chapter 2 (§ 25.1-200 et seq.) of Title 25.1 and as is granted in Chapter 3 (§ 25.1-300 et seq.) of Title 25.1, subject to the provisions of § 25.1-102, provided that this power shall not be used to acquire existing power supply facilities or plants held for future use. Furthermore, no authority may condemn property outside of the territorial limits of its member governmental units without obtaining the consent of the governing body of the locality in which such property is located; however, in any case in which the approval by such locality is withheld, the authority seeking such approval may petition for the convening of a special court, pursuant to §§ 15.2-2135 through 15.2-2141.1979, c. 416, § 15.1-1628; 1997, c. 587; 2003, c. 940.
VA Code § 15.2-5426 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5426. Annual reports

Each authority, promptly following the close of the calendar year, shall submit an annual report of its activities for the preceding year to the governing body of its member governmental unit. Each such report shall set forth a complete operating and financial statement covering the operation of the authority during such year. The authority shall cause an audit of its books and accounts to be made at least once each year by a certified public accountant, and the cost thereof may be treated as part of the cost of a project, or otherwise as part of the expense of operation of the project by such audit.1979, c. 416, § 15.1-1629; 1997, c. 587.
VA Code § 15.2-5427 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5427. Liability of members or officers

No member of any authority or officer of any governing body of any member governmental unit creating such authority, or person or persons acting in their behalf, while acting within the scope of their authority shall be subject to any personal liability by reason of his carrying out of any of the powers expressly given in this chapter.1979, c. 416, § 15.1-1630; 1997, c. 587.
VA Code § 15.2-5428 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5428. Dissolution of authority

Whenever the board of directors of an authority and its member governmental units determines that the purposes for which it was created have been substantially fulfilled or are impractical or impossible to accomplish and that all bonds theretofore issued and all other obligations theretofore 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, the board of directors of the authority and the governing bodies of the member governmental units may adopt resolutions or ordinances declaring and finding that the authority should be dissolved, and that appropriate articles of dissolution shall be filed with the State Corporation Commission. Upon the filing of such articles of dissolution by the authority, such dissolution shall become effective, and the title to all funds and other property owned by the authority at the time of such filing shall vest in the member governmental units of the authority.1979, c. 416, § 15.1-1631; 1997, c. 587.
VA Code § 15.2-5429 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5429. Legislative consent to application of laws of other states

Legislative consent is hereby given (i) to the application of the laws of other states with respect to taxation, payments in lieu of taxes, and the assessment thereof, to any authority created pursuant to this chapter, which has acquired or has an interest in a project, real or personal, situated outside the Commonwealth or which owns or operates a project outside the Commonwealth pursuant to this chapter and (ii) to the application of regulatory and other laws of other states and of the United States to any authority which owns or operates a project outside the Commonwealth.1979, c. 416, § 15.1-1632; 1997, c. 587.
VA Code § 15.2-5430 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5430. Provisions of chapter cumulative; construction

Neither this chapter nor anything herein contained shall be construed as a restriction or limitation upon any powers which an authority or governmental unit acting under the provisions of this chapter might otherwise have under any laws of this Commonwealth, but shall be construed as cumulative of any such powers. This chapter shall be construed as complete and independent authority for the performance of each and every act and thing authorized by this chapter. No proceedings, notice or approval shall be required for the organization of an authority or the issuance of any bonds or any instrument as security therefor, except as herein provided, any other law to the contrary notwithstanding. However, nothing herein shall be construed to deprive the Commonwealth and its political subdivisions of their respective police powers over properties of an authority or to impair any power thereover of any official or agency of the Commonwealth and its political subdivisions which may be otherwise provided by law. Nothing contained in this chapter shall be deemed to authorize an authority to occupy or use any land, streets, buildings, structures or other property of any kind, owned or used by any political subdivision within its jurisdiction, or any public improvement or facility maintained by such political subdivision for the use of its inhabitants, without first obtaining the consent of the governing body thereof.1979, c. 416, § 15.1-1633; 1997, c. 587.
VA Code § 15.2-5431 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54 - Electric Authorities Act|§ 15.2-5431. Provisions of chapter controlling over other statutes and charters

Any provision of this chapter which is found to be in conflict with any other statute or charter shall be controlling and shall supersede such other statute or charter to the extent of such conflict.1979, c. 416, § 15.1-1634; 1997, c. 587; 2015, c. 709.
VA Code § 15.2-5431.1 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.1. Title of chapter; construction

This chapter shall be known and may be cited as the "Virginia Wireless Service Authorities Act." This chapter shall constitute full and complete authority for the doing of the acts herein authorized, and shall be liberally construed to effect the purposes of the chapter.2003, c. 643.
VA Code § 15.2-5431.2 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.2. Definitions

As used in this chapter, unless the context requires a different meaning:"Authority" means an authority created under the provisions of this chapter or, if any such authority has been abolished, the entity succeeding to the principal functions thereof."Bonds" and "revenue bonds" include notes, bonds, bond anticipation notes, and other obligations of an authority for the payment of money."Cost" or "cost of a project" means, but shall not be limited to, the cost of acquisition, construction, reconstruction, improvement, enlargement, betterment or extension of any project, including the cost of studies, plans, specifications, surveys, and estimates of costs and revenues relating thereto, the cost of labor and materials; the cost of land, land rights, rights-of-way and easements, water rights, fees, permits, approvals, licenses, certificates, franchises, and the preparation of applications for and securing the same; administrative, legal, engineering and inspection expenses; financing fees, expenses and costs; working capital; interest on bonds during the period of construction and for such reasonable period thereafter as may be determined by the issuing authority; establishment of reserves; and all other expenditures of the issuing authority incidental, necessary or convenient to the acquisition, construction, reconstruction, improvement, enlargement, betterment or extension of any project and the placing of the project in operation."Project" means any system of facilities for provision of qualifying communications services as authorized by Article 5.1 (§ 56-484.7:1 et seq.) of Chapter 15 of Title 56.2003, c. 643.
VA Code § 15.2-5431.3 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.3. Creation of authority

The governing body of a locality may by resolution, or two or more localities may by concurrent resolutions, create an authority, the name of which shall contain the word "authority." The authority shall be a public body politic and corporate. The resolution creating the authority shall not be adopted or approved until a public hearing has been held in each participating locality on the question of its adoption or approval.2003, c. 643; 2005, c. 299.
VA Code § 15.2-5431.4 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.4. Resolution creating authority to include articles of incorporation

The resolution creating an authority shall include articles of incorporation, which shall set forth:1. The name of the authority and address of its principal office.2. The name of the locality creating the authority and the names, addresses and terms of office of the first members of the board of the authority.3. The purposes for which the authority is being created, which shall be to provide qualifying communications services as authorized by Article 5.1 (§ 56-484.7:1 et seq.) of Chapter 15 of Title 56.2003, c. 643.
VA Code § 15.2-5431.5 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.5. Advertisement of resolution and notice of hearing

The governing body of the locality shall cause to be advertised at least one time in a newspaper of general circulation in such locality a copy of the resolution creating the authority, or a descriptive summary of the resolution and a reference to the place within the locality where a copy of the resolution can be obtained, and notice of the day, not less than 30 days after publication of the advertisement, on which a public hearing will be held on the resolution.2003, c. 643.
VA Code § 15.2-5431.6 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.6. Hearing; referendum

If at the hearing, in the judgment of the governing body of the locality, substantial opposition is heard, the governing body may at its discretion petition the circuit court to order a referendum on the question of adopting or approving the ordinance, agreement or resolution. The provisions of § 24.2-684 shall govern the order for a referendum. If 10 percent of the qualified voters in a locality file a petition with the governing body at the hearing calling for a referendum, such governing body shall petition the circuit court to order a referendum in that locality as provided in this section.2003, c. 643.
VA Code § 15.2-5431.7 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.7. Filing articles of incorporation

After adoption or approval of a resolution creating an authority, the governing body of the locality shall file with the State Corporation Commission the authority's articles of incorporation.2003, c. 643.
VA Code § 15.2-5431.8 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.8. Issuance of certificate or charter

The State Corporation Commission shall issue a certificate of incorporation or charter to the authority if it finds that the articles of incorporation conform to law. Upon the issuance of the certificate or charter such authority shall be conclusively deemed to have been lawfully and properly created and established and authorized to exercise its powers under this chapter.2003, c. 643.
VA Code § 15.2-5431.8:1 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.8:1. Amendment of articles of incorporation

The articles of incorporation of any authority created under the provisions of this chapter may be amended with respect to the name or powers of such or in any other manner not inconsistent with this chapter by following the procedure prescribed by law for the creation of an authority.2021, Sp. Sess. I, c. 487.
VA Code § 15.2-5431.9 (2021)
2021 Code of Virginia|Title 15.2 - Counties, Cities and Towns|Chapter 54.1 - Virginia Wireless Service Authorities Act|§ 15.2-5431.9. Dissolution and termination of authority

A. Whenever the board of an authority determines that the purposes for which it was created have been completed or are impractical or impossible and that all its obligations have been paid or have been assumed by one or more of such political subdivisions or any authority created thereby or that cash or United States government securities have been deposited for their payment, it shall adopt and file with the governing body a resolution declaring such facts. If the governing body adopts a resolution concurring in such declaration and finding that the authority should be dissolved, it shall file appropriate articles of dissolution with the State Corporation Commission. When the affairs of the authority have been wound up and all of its assets have been distributed, the governing bodies shall file appropriate articles of termination of corporate existence with the State Corporation Commission.B. If any of the governing bodies refuses to adopt a resolution concurring in such declaration, then the authority may petition the circuit court for any locality that is a member of the authority to order one or more of such governing bodies to create a new authority. The circuit court may order the governing body of the political subdivision requesting dissolution of the existing authority to adopt an ordinance establishing a new authority to which the provisions of §§ 15.2-5431.3 through 15.2-5431.6 shall not apply. Thereafter, the court may order that the assets be divided among the authorities and, subject to the approval of any debt holder, require the assumption of a proportionate share of the obligations of the existing authority by the new authority.C. Notwithstanding the provisions of subdivision 1 of § 15.2-5431.11, an authority shall continue in existence and shall not be dissolved because the term for which it was created, including any extensions thereof, has expired, unless all of such authority's functions have been taken over and its obligations have been paid or have been assumed by one or more political subdivisions or by an authority created thereby, or cash or United States government securities have been deposited for their payment.2003, c. 643; 2021, Sp. Sess. I, c. 487.