Section 15.2-5941 - PowersIn addition to all other powers it possesses, the Authority may:
1. Determine the location of, develop, establish, construct, erect, acquire, own, repair, remodel, add to, extend, improve, equip, operate, regulate, and maintain a Facility and Facility Site to the extent necessary to accomplish the purposes of this chapter, including contracting for materials, products, and services related to such Facility or Facility Site;2. Enter into development agreements related to the Facility or Facility Site, including leases, subleases, and any other forms of private financing;3. Develop a model for participating localities to share costs and revenues of a Facility and Facility Site;4. Operate, enter into contracts for the operation of, and regulate the use and operation of a Facility and Facility Site developed under the provisions of this chapter;5. Fix and revise from time to time and charge and collect rates, rents, fees, ticket surcharges, or other charges for the use of a Facility or Facility Site or for services rendered in connection with a Facility or Facility Site;6. Dedicate any funds that accrue to the Authority pursuant to the provisions of this chapter for the construction, development, financing, operation, or maintenance of the Facility and Facility Site;7. Issue bonds and similar financial instruments under this chapter;8. Finance the construction of a Facility using loans, notes, private equity financing, or any other method of financing the Authority deems appropriate; and9. Do all things necessary or convenient to carry out the powers granted by this chapter.Added by Acts 2020 c. 539, § 1, eff. 7/1/2020.Added by Acts 2020 c. 538, § 1, eff. 7/1/2020.