Public Recreational Facilities Authorities Act
This is Chapter 56 of the Code of Virginia, titled “Public Recreational Facilities 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 17 sections.
- § 15.2-5600
- Short title
- § 15.2-5601
- Definitions
- § 15.2-5602
- Creation of authorities
- § 15.2-5603
- Board to exercise powers of authority
- § 15.2-5604
- Powers of authority generally
- § 15.2-5605
- Transfers of property, appropriations and contracts by participating localities
- § 15.2-5606
- Acquisition, maintenance and operation of projects; revenues from projects
- § 15.2-5607
- Authority to issue bonds; source of payment
- § 15.2-5608
- Bond resolution; terms, conditions, form and execution of bonds; sale; interim receipts or temporary bonds
- § 15.2-5609
- Trust indenture or agreement to secure payment of bonds
- § 15.2-5610
- Fees, rents and other charges; reserves
- § 15.2-5611
- Moneys received deemed trust funds
- § 15.2-5612
- Remedies of bondholders and trustee
- § 15.2-5613
- Authority to exercise a governmental function; exemption from taxation
- § 15.2-5614
- Bonds legal investments
- § 15.2-5615
- Chapter to constitute complete authority for acts authorized; liberal construction
- § 15.2-5616
- Dissolution of authority; disposition of property