§ 15.2-7306. Authority may borrow money, accept contributions, etc.
In addition to the powers conferred upon the Authority by other provisions ofthis chapter, the Authority is empowered to:
1. Borrow money or accept contributions, grants, or other financialassistance from the federal government; the Commonwealth; any locality orpolitical subdivision; any agency or instrumentality thereof, including butnot limited to the Virginia Resources Authority; or any source, public orprivate, for or in aid of any project of the Authority, and to these ends, tocomply with such conditions and enter into such mortgages, trust indentures,leases, or agreements as may be necessary, convenient, or desirable;
2. Apply for grants from the Urban Public-Private Partnership RedevelopmentFund pursuant to Chapter 24.1 (§ 15.2-2414 et seq.). The Authority shall beconsidered a local government eligible for grants under that chapter. Fundsfrom any source available to the Authority may be used to meet the matchingrequirement of any such grant;
3. Participate in local group pools authorized pursuant to § 15.2-2703 or toparticipate in the Commonwealth's risk pool administered by the Division ofRisk Management;
4. Utilize the provisions of the Public-Private Transportation Act of 1995 (§56-556 et seq.) and the Public-Private Education Facilities andInfrastructure Act of 2002 (§ 56-575.1 et seq.) as a qualifying public entityunder those statutes; and
5. Apply for and receive enterprise zone designation under the EnterpriseZone Grant Act (§ 59.1-538 et seq.). Fort Monroe shall be considered aneligible area for such designation, although the Governor is not obligated togrant such a designation.
§ 15.2-7306. Authority may borrow money, accept contributions, etc.
In addition to the powers conferred upon the Authority by other provisions ofthis chapter, the Authority is empowered to:
1. Borrow money or accept contributions, grants, or other financialassistance from the federal government; the Commonwealth; any locality orpolitical subdivision; any agency or instrumentality thereof, including butnot limited to the Virginia Resources Authority; or any source, public orprivate, for or in aid of any project of the Authority, and to these ends, tocomply with such conditions and enter into such mortgages, trust indentures,leases, or agreements as may be necessary, convenient, or desirable;
2. Apply for grants from the Urban Public-Private Partnership RedevelopmentFund pursuant to Chapter 24.1 (§ 15.2-2414 et seq.). The Authority shall beconsidered a local government eligible for grants under that chapter. Fundsfrom any source available to the Authority may be used to meet the matchingrequirement of any such grant;
3. Participate in local group pools authorized pursuant to § 15.2-2703 or toparticipate in the Commonwealth's risk pool administered by the Division ofRisk Management;
4. Utilize the provisions of the Public-Private Transportation Act of 1995 (§56-556 et seq.) and the Public-Private Education Facilities andInfrastructure Act of 2002 (§ 56-575.1 et seq.) as a qualifying public entityunder those statutes; and
5. Apply for and receive enterprise zone designation under the EnterpriseZone Grant Act (§ 59.1-538 et seq.). Fort Monroe shall be considered aneligible area for such designation, although the Governor is not obligated togrant such a designation.
§ 15.2-7306. Authority may borrow money, accept contributions, etc.
In addition to the powers conferred upon the Authority by other provisions ofthis chapter, the Authority is empowered to:
1. Borrow money or accept contributions, grants, or other financialassistance from the federal government; the Commonwealth; any locality orpolitical subdivision; any agency or instrumentality thereof, including butnot limited to the Virginia Resources Authority; or any source, public orprivate, for or in aid of any project of the Authority, and to these ends, tocomply with such conditions and enter into such mortgages, trust indentures,leases, or agreements as may be necessary, convenient, or desirable;
2. Apply for grants from the Urban Public-Private Partnership RedevelopmentFund pursuant to Chapter 24.1 (§ 15.2-2414 et seq.). The Authority shall beconsidered a local government eligible for grants under that chapter. Fundsfrom any source available to the Authority may be used to meet the matchingrequirement of any such grant;
3. Participate in local group pools authorized pursuant to § 15.2-2703 or toparticipate in the Commonwealth's risk pool administered by the Division ofRisk Management;
4. Utilize the provisions of the Public-Private Transportation Act of 1995 (§56-556 et seq.) and the Public-Private Education Facilities andInfrastructure Act of 2002 (§ 56-575.1 et seq.) as a qualifying public entityunder those statutes; and
5. Apply for and receive enterprise zone designation under the EnterpriseZone Grant Act (§ 59.1-538 et seq.). Fort Monroe shall be considered aneligible area for such designation, although the Governor is not obligated togrant such a designation.
