36-55.27 - Virginia Housing Development Authority continued; constituted a public instrumentality. - Virginia Statutes

§ 36-55.27. Virginia Housing Development Authority continued; constituted apublic instrumentality.

There is hereby continued within the Department of Housing and CommunityDevelopment, for the purpose of § 36-55.51, a political subdivision of theCommonwealth of Virginia with all of the politic and corporate powers as areset forth in this chapter, which are hereby reaffirmed, to be known as the"Virginia Housing Development Authority" to carry out the provisions ofthis chapter. The HDA is hereby constituted a public instrumentalityexercising public and essential governmental functions, and the exercise bythe HDA of the powers conferred by this chapter shall be deemed and held tobe the performance of an essential governmental function of the Commonwealth.

(1972, c. 830; 1977, c. 613; 1979, c. 243.)