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