{"law_id":"780325","section_number":"15.2-6613","catch_line":"Fees, rents, and charges","history":"2002, c. 766.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/15.2-6613\/","refers_to":false,"url":"\/15.2-6613\/","token":"15.2\/IV\/66\/15.2-6613","structure":{"1":{"id":"1427","name":"Middle Peninsula Chesapeake Bay Public Access Authority Act","identifier":"66","label":"chapter","url":"\/15.2\/IV\/66\/"},"2":{"id":"47","name":"Other Governmental Entities","identifier":"IV","label":"subtitle","url":"\/15.2\/IV\/"},"3":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"780325","structure_id":"1427","full_text":"The Authority is hereby authorized to and shall fix, revise, charge, and collect fees, rents, and other charges for the use and services of any facilities or access site. Such fees, rents, and other charges shall be so fixed and adjusted as to provide a fund sufficient with other revenues to pay the cost of maintaining, repairing, and operating the facilities and the principal and any interest on its bonds as the same shall become due and payable, including reserves therefor. Such fees, rents, and charges shall not be subject to supervision or regulation by any commission, board, bureau, or agency of the Commonwealth or any participating political subdivision. The fees, rents, and other charges received by the Authority, except such part thereof as may be necessary to pay the cost of maintenance, repair, and operation and to provide such reserves therefor as may be provided for in any resolution authorizing the issuance of such bonds or in any trust indenture or agreement securing the same, shall to the extent necessary be set aside at such regular intervals as may be provided in any such resolution or trust indenture or agreement in a sinking fund or sinking funds pledged to, and charged with, the payment and the interest on such bonds as the same shall become due, and the redemption price or the purchase price of such bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made. So long as any of its bonds are outstanding, the fees, rents, and charges so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the Authority irrespective of whether such parties have notice thereof. Neither the resolution nor any trust indenture by which a pledge is created need be filed or recorded except in the records of the Authority. The use and disposition of moneys to the credit of any such sinking fund shall be subject to the provisions of the resolution authorizing the issuance of such bonds or of such trust indenture or agreement.","text":{"0":{"id":"2516885","text":"The Authority is hereby authorized to and shall fix, revise, charge, and collect fees, rents, and other charges for the use and services of any facilities or access site. Such fees, rents, and other charges shall be so fixed and adjusted as to provide a fund sufficient with other revenues to pay the cost of maintaining, repairing, and operating the facilities and the principal and any interest on its bonds as the same shall become due and payable, including reserves therefor. Such fees, rents, and charges shall not be subject to supervision or regulation by any commission, board, bureau, or agency of the Commonwealth or any participating political subdivision. The fees, rents, and other charges received by the Authority, except such part thereof as may be necessary to pay the cost of maintenance, repair, and operation and to provide such reserves therefor as may be provided for in any resolution authorizing the issuance of such bonds or in any trust indenture or agreement securing the same, shall to the extent necessary be set aside at such regular intervals as may be provided in any such resolution or trust indenture or agreement in a sinking fund or sinking funds pledged to, and charged with, the payment and the interest on such bonds as the same shall become due, and the redemption price or the purchase price of such bonds retired by call or purchase as therein provided. Such pledge shall be valid and binding from the time when the pledge is made. So long as any of its bonds are outstanding, the fees, rents, and charges so pledged and thereafter received by the Authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the Authority irrespective of whether such parties have notice thereof. Neither the resolution nor any trust indenture by which a pledge is created need be filed or recorded except in the records of the Authority. The use and disposition of moneys to the credit of any such sinking fund shall be subject to the provisions of the resolution authorizing the issuance of such bonds or of such trust indenture or agreement.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"1427","name":"Middle Peninsula Chesapeake Bay Public Access Authority Act","identifier":"66","label":"chapter","url":"\/15.2\/IV\/66\/"},"2":{"id":"47","name":"Other Governmental Entities","identifier":"IV","label":"subtitle","url":"\/15.2\/IV\/"},"3":{"id":"46","name":"Counties, Cities And Towns","identifier":"15.2","label":"title","url":"\/15.2\/"}},"structure_contents":{"0":{"id":"793142","structure_id":"1427","section_number":"15.2-6600","catch_line":"Title","url":"\/15.2-6600\/","token":"15.2\/IV\/66\/15.2-6600"},"1":{"id":"778098","structure_id":"1427","section_number":"15.2-6601","catch_line":"Creation; public purpose","url":"\/15.2-6601\/","token":"15.2\/IV\/66\/15.2-6601"},"2":{"id":"767579","structure_id":"1427","section_number":"15.2-6602","catch_line":"Definitions","url":"\/15.2-6602\/","token":"15.2\/IV\/66\/15.2-6602"},"3":{"id":"782590","structure_id":"1427","section_number":"15.2-6603","catch_line":"Participating political subdivision","url":"\/15.2-6603\/","token":"15.2\/IV\/66\/15.2-6603"},"4":{"id":"790760","structure_id":"1427","section_number":"15.2-6604","catch_line":"Appointment of a board of directors","url":"\/15.2-6604\/","token":"15.2\/IV\/66\/15.2-6604"},"5":{"id":"793159","structure_id":"1427","section_number":"15.2-6605","catch_line":"Organization","url":"\/15.2-6605\/","token":"15.2\/IV\/66\/15.2-6605"},"6":{"id":"766376","structure_id":"1427","section_number":"15.2-6606","catch_line":"Powers","url":"\/15.2-6606\/","token":"15.2\/IV\/66\/15.2-6606"},"7":{"id":"785633","structure_id":"1427","section_number":"15.2-6607","catch_line":"Name of authority","url":"\/15.2-6607\/","token":"15.2\/IV\/66\/15.2-6607"},"8":{"id":"773129","structure_id":"1427","section_number":"15.2-6608","catch_line":"Rules, regulations, and minimum standards","url":"\/15.2-6608\/","token":"15.2\/IV\/66\/15.2-6608"},"9":{"id":"773018","structure_id":"1427","section_number":"15.2-6609","catch_line":"Reports","url":"\/15.2-6609\/","token":"15.2\/IV\/66\/15.2-6609"},"10":{"id":"779940","structure_id":"1427","section_number":"15.2-6610","catch_line":"Procurement","url":"\/15.2-6610\/","token":"15.2\/IV\/66\/15.2-6610"},"11":{"id":"795826","structure_id":"1427","section_number":"15.2-6611","catch_line":"Deposit and investment of funds","url":"\/15.2-6611\/","token":"15.2\/IV\/66\/15.2-6611"},"12":{"id":"776598","structure_id":"1427","section_number":"15.2-6612","catch_line":"Authority to issue bonds","url":"\/15.2-6612\/","token":"15.2\/IV\/66\/15.2-6612"},"13":{"id":"780325","structure_id":"1427","section_number":"15.2-6613","catch_line":"Fees, rents, and charges","url":"\/15.2-6613\/","token":"15.2\/IV\/66\/15.2-6613"},"14":{"id":"778423","structure_id":"1427","section_number":"15.2-6614","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-6614\/","token":"15.2\/IV\/66\/15.2-6614"},"15":{"id":"775938","structure_id":"1427","section_number":"15.2-6615","catch_line":"Directors and persons executing bonds not liable thereon","url":"\/15.2-6615\/","token":"15.2\/IV\/66\/15.2-6615"},"16":{"id":"783082","structure_id":"1427","section_number":"15.2-6616","catch_line":"Security for payment of bonds; default","url":"\/15.2-6616\/","token":"15.2\/IV\/66\/15.2-6616"},"17":{"id":"781711","structure_id":"1427","section_number":"15.2-6617","catch_line":"Taxation","url":"\/15.2-6617\/","token":"15.2\/IV\/66\/15.2-6617"},"18":{"id":"795043","structure_id":"1427","section_number":"15.2-6618","catch_line":"Bonds as legal investments","url":"\/15.2-6618\/","token":"15.2\/IV\/66\/15.2-6618"},"19":{"id":"789578","structure_id":"1427","section_number":"15.2-6619","catch_line":"Appropriation by political subdivision","url":"\/15.2-6619\/","token":"15.2\/IV\/66\/15.2-6619"},"20":{"id":"781143","structure_id":"1427","section_number":"15.2-6620","catch_line":"Contracts with political subdivisions","url":"\/15.2-6620\/","token":"15.2\/IV\/66\/15.2-6620"},"21":{"id":"770605","structure_id":"1427","section_number":"15.2-6621","catch_line":"Agreement with Commonwealth and participating political subdivisions","url":"\/15.2-6621\/","token":"15.2\/IV\/66\/15.2-6621"},"22":{"id":"784350","structure_id":"1427","section_number":"15.2-6622","catch_line":"Liberal construction","url":"\/15.2-6622\/","token":"15.2\/IV\/66\/15.2-6622"},"23":{"id":"794655","structure_id":"1427","section_number":"15.2-6623","catch_line":"Application of local ordinances, service charges, and taxes upon leaseholds","url":"\/15.2-6623\/","token":"15.2\/IV\/66\/15.2-6623"},"24":{"id":"793485","structure_id":"1427","section_number":"15.2-6624","catch_line":"Existing contracts, leases, franchises, etc., not impaired","url":"\/15.2-6624\/","token":"15.2\/IV\/66\/15.2-6624"},"25":{"id":"788195","structure_id":"1427","section_number":"15.2-6625","catch_line":"Withdrawal of membership","url":"\/15.2-6625\/","token":"15.2\/IV\/66\/15.2-6625"}},"previous_section":{"id":"776598","structure_id":"1427","section_number":"15.2-6612","catch_line":"Authority to issue bonds","url":"\/15.2-6612\/","token":"15.2\/IV\/66\/15.2-6612"},"next_section":{"id":"778423","structure_id":"1427","section_number":"15.2-6614","catch_line":"Credit of Commonwealth and political subdivisions not pledged","url":"\/15.2-6614\/","token":"15.2\/IV\/66\/15.2-6614"},"references":false,"formats":{"txt":"\/15.2-6613.txt","json":"\/15.2-6613.json","xml":"\/15.2-6613.xml"},"dublin_core":{"Title":"Fees, rents, and charges","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-6613","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nFEES, RENTS, AND CHARGES (\u00a7 15.2-6613)\n\nThe Authority is hereby authorized to and shall fix, revise, charge, and collect\nfees, rents, and other charges for the use and services of any facilities or\naccess site. Such fees, rents, and other charges shall be so fixed and adjusted\nas to provide a fund sufficient with other revenues to pay the cost of\nmaintaining, repairing, and operating the facilities and the principal and any\ninterest on its bonds as the same shall become due and payable, including\nreserves therefor. Such fees, rents, and charges shall not be subject to\nsupervision or regulation by any commission, board, bureau, or agency of the\nCommonwealth or any participating political subdivision. The fees, rents, and\nother charges received by the Authority, except such part thereof as may be\nnecessary to pay the cost of maintenance, repair, and operation and to provide\nsuch reserves therefor as may be provided for in any resolution authorizing the\nissuance of such bonds or in any trust indenture or agreement securing the same,\nshall to the extent necessary be set aside at such regular intervals as may be\nprovided in any such resolution or trust indenture or agreement in a sinking\nfund or sinking funds pledged to, and charged with, the payment and the interest\non such bonds as the same shall become due, and the redemption price or the\npurchase price of such bonds retired by call or purchase as therein provided.\nSuch pledge shall be valid and binding from the time when the pledge is made. So\nlong as any of its bonds are outstanding, the fees, rents, and charges so\npledged and thereafter received by the Authority shall immediately be subject to\nthe lien of such pledge without any physical delivery thereof or further act,\nand the lien of any such pledge shall be valid and binding as against all\nparties having claims of any kind in tort, contract, or otherwise against the\nAuthority irrespective of whether such parties have notice thereof. Neither the\nresolution nor any trust indenture by which a pledge is created need be filed or\nrecorded except in the records of the Authority. The use and disposition of\nmoneys to the credit of any such sinking fund shall be subject to the provisions\nof the resolution authorizing the issuance of such bonds or of such trust\nindenture or agreement.\n\nHISTORY: 2002, c. 766."}