15.2-6206 - Further powers. - Virginia Statutes

§ 15.2-6206. Further powers.

The Authority may:

1. Enter into contractual agreements in furtherance of its purpose;

2. Rent, lease, including the execution of leases with option to purchase,buy, own, acquire and dispose of such property, real or personal, as theAuthority deems proper to carry out any of the purposes and provisions ofthis chapter;

3. Apply for and accept grants or loans of money or other property from anyfederal agency for any of the purposes authorized in this chapter and expendor use the same in accordance with the directions and requirements attachedthereto or imposed thereon by any such federal agency; and

4. Perform any act or function which is in accord with the purposes of thischapter, including (i) borrowing money, including issuing bonds, (ii)providing for the guarantee of loans, and (iii) employing such persons as theBoard deems necessary to carry on the business of the Authority.

(1993, c. 982, § 15.1-1667; 1997, c. 587.)