CODE OF VIRGINIA

JOINT AGENCY OR AUTHORITY; AGREEMENTS AUTHORIZED; TERMS (§ 5.1-2.18)

The Board may, to the extent permitted by law, enter into agreements with
agencies or authorities in this Commonwealth or from adjoining states or with an
agency or authority of the United States for joint action pursuant to the
provisions of this chapter. Each such agreement shall specify its duration, the
proportionate interest which each participating authority or agency shall have
in the property, facilities, and privileges of the joint undertaking; the
apportionment of the costs of the undertaking among the participating
authorities or agencies; the disposition of all property, facilities, and
privileges jointly owned upon termination of such agreement or any renewal
thereof; the payment or assumption of any indebtedness arising out of such joint
operation which remains unpaid upon the disposal of all assets or upon the
termination of the agreement or any renewal thereof; and such other provisions
as may be necessary to insure efficient operation of the joint undertaking.

HISTORY: 1980, c. 750.