Electric Authorities Act
This is Chapter 54 of the Code of Virginia, titled “Electric Authorities Act.” It is part of Title 15.2, titled “Counties, Cities And Towns.” It is part of Subtitle IV, titled “Other Governmental Entities.” It’s comprised of the following 36 sections.
- § 15.2-5400
- Short title
- § 15.2-5401
- Intent of General Assembly
- § 15.2-5402
- Definitions
- § 15.2-5403
- Creation of electric authority; referendum
- § 15.2-5404
- Articles of incorporation
- § 15.2-5405
- Certificate of incorporation or charter; addition and withdrawal of members; board of directors; indemnification of directors, officers or employees
- § 15.2-5405.1
- Applicability of personnel and procurement procedures to certain authorities
- § 15.2-5406
- Rights, powers and duties of authority
- § 15.2-5406.1
- Retail distribution of electric energy limited to certain authorities
- § 15.2-5406.2
- Tort claims against certain authorities
- § 15.2-5407
- Membership in more than one authority
- § 15.2-5408
- Sale of power and energy, including capacity and output to member governmental units by authority; duration of contracts; source of payments; furnishing of money, property or services by member governmental units
- § 15.2-5409
- Sale of capacity and output to nonmembers; limitations
- § 15.2-5410
- Contents of agreement as to joint ownership of project; designation of party to agreement as agent for construction, operation and maintenance of project; powers and duties of agent
- § 15.2-5411
- Contracts for planning, acquisition, construction, etc., of projects
- § 15.2-5412
- Issuance of bonds by authority
- § 15.2-5413
- Interim receipts and temporary bonds; lost, stolen and destroyed bonds
- § 15.2-5414
- Bonds not debts of Commonwealth or member governmental unit
- § 15.2-5415
- Security for bonds; trust agreement; bond resolution
- § 15.2-5416
- Rents, rates, fees and other charges
- § 15.2-5417
- Moneys received deemed trust funds
- § 15.2-5418
- Bondholders' and trustees' remedies
- § 15.2-5419
- Refunding bonds
- § 15.2-5420
- Status of bonds under Uniform Commercial Code
- § 15.2-5421
- Bonds as legal investments and lawful security
- § 15.2-5422
- Bonds exempt from taxation
- § 15.2-5423
- Payments in lieu of property taxes; license tax
- § 15.2-5423.1
- Exemption from taxation for certain authorities
- § 15.2-5424
- Transfer, etc., of property of political subdivisions upon request of authority
- § 15.2-5425
- Eminent domain
- § 15.2-5426
- Annual reports
- § 15.2-5427
- Liability of members or officers
- § 15.2-5428
- Dissolution of authority
- § 15.2-5429
- Legislative consent to application of laws of other states
- § 15.2-5430
- Provisions of chapter cumulative; construction
- § 15.2-5431
- Provisions of chapter controlling over other statutes and charters