CODE OF VIRGINIA

POWERS OF BOARD IN AID OF THE PROVISIONS OF § 10.1-638 (§ 10.1-641)

The Board shall have the following powers to effectuate the provisions of §
10.1-638 B:

   1.  To expend funds from the revolving fund for field surveys and
   investigations, notwithstanding the possibility that the Board may
   subsequently determine that the proposed investment is not feasible.

   2.  To make and execute contracts and other instruments necessary or
   convenient to the construction, improvement, operation and maintenance of
   facilities.

   3.  To make agreements with and act as agent for the United States, or any of
   its agencies, or for this Commonwealth or any of its agencies, or any local
   government in connection with the acquisition, construction, maintenance,
   operation, or administration of any project in which the Board has invested
   funds; to accept donations, gifts, and contributions in money, services,
   materials, or otherwise, from the United States or any of its agencies, or
   from this Commonwealth or any of its agencies or from any other source; and to
   use or expend such moneys, services, materials, or other contributions in
   carrying on its investment function.

   4.  To obtain options upon and to acquire, by purchase, exchange, lease, gift,
   grant, bequest, devise, or otherwise, any property, real or personal, or
   rights or interests therein, and improve any properties acquired.

HISTORY: 1970, c. 591, § 21-11.13; 1988, c. 891.