15.2-4206 - Additional powers of planning district commissions. - Virginia Statutes

§ 15.2-4206. Additional powers of planning district commissions.

Planning district commissions may, in addition to and not in limitation ofall other powers granted by this chapter:

1. Acquire, lease, sell, exchange, donate and convey its projects, propertyor facilities in furtherance of the purposes of planning district commissionsas set forth in this chapter;

2. Issue its bonds, notes or other evidences of indebtedness, whether payablesolely out of the revenues and receipts derived or to be derived from theleasing, sale or other disposition or use of such projects, property orfacilities or otherwise, for the purpose of carrying out any of its powers orpurposes set forth in this chapter; and

3. As security for the payment of the principal of and premium, if any, andinterest on any such bonds, notes or other evidences of indebtedness,mortgage and pledge its projects, property or facilities or any part or partsthereof and pledge the revenues therefrom or from any part thereof.

(1989, c. 178, § 15.1-1404.1; 1995, cc. 732, 796; 1997, c. 587.)