§ 2.2-2273. Contracts, leases and other arrangements.
A. In connection with the operation of a facility owned or controlled by theAuthority, the Authority may enter into contracts, leases, and otherarrangements with any person (i) granting the privilege of using or improvingthe facility or any portion or facility thereof or space therein consistentwith the purposes of this article; (ii) conferring the privilege of supplyinggoods, commodities, things, services, or facilities at the facility; (iii)making available services to be furnished by the Authority or its agents atthe facility; and (iv) providing for the payment therefor.
In each case the Authority may establish the terms and conditions and fix thecharges, rentals, or fee for the privilege or service, which shall bereasonable and uniform for the same class of privilege or service at eachfacility and shall be established with due regard to the property andimprovements used and the expenses of operation to the Authority.
B. Except as may be limited by the terms and conditions of any grant, loan oragreement authorized by § 2.2-2271, the Authority may by contract, lease, orother arrangements, upon a consideration fixed by it, grant to any qualifiedperson, for a term not to exceed thirty years, the privilege of operating, asagent of the Authority or otherwise, any facility owned or controlled by theAuthority; provided that no person shall be granted any authority to operatea facility other than as a public facility or to enter into any contracts,leases, or other arrangements in connection with the operation of thefacility that the Authority might not have undertaken under subsection A.
C. In connection with a project leased to or financed or refinanced for atrust instrumentality of the United States where payments or contributions bythe Commonwealth and any political subdivision, together with amountspursuant to an agreement with such trust instrumentality to pay rent or otheramounts, are sufficient to pay the principal of and interest on theAuthority's bonds issued to finance or refinance such project, the Authoritymay agree that such trust instrumentality shall assume all responsibility forthe acquisition, construction, operation, maintenance, and repair of theproject and may further agree that when the principal of all such bonds ofthe Authority and the interest thereon have been paid in full or provisionmade therefor satisfactory to the Authority, the trust instrumentality mayacquire the Authority's interest in such project without payment ofadditional consideration.
(1981, c. 569, § 2.1-234.21; 1990, c. 815; 1998, cc. 498, 504; 2001, c. 844.)
§ 2.2-2273. Contracts, leases and other arrangements.
A. In connection with the operation of a facility owned or controlled by theAuthority, the Authority may enter into contracts, leases, and otherarrangements with any person (i) granting the privilege of using or improvingthe facility or any portion or facility thereof or space therein consistentwith the purposes of this article; (ii) conferring the privilege of supplyinggoods, commodities, things, services, or facilities at the facility; (iii)making available services to be furnished by the Authority or its agents atthe facility; and (iv) providing for the payment therefor.
In each case the Authority may establish the terms and conditions and fix thecharges, rentals, or fee for the privilege or service, which shall bereasonable and uniform for the same class of privilege or service at eachfacility and shall be established with due regard to the property andimprovements used and the expenses of operation to the Authority.
B. Except as may be limited by the terms and conditions of any grant, loan oragreement authorized by § 2.2-2271, the Authority may by contract, lease, orother arrangements, upon a consideration fixed by it, grant to any qualifiedperson, for a term not to exceed thirty years, the privilege of operating, asagent of the Authority or otherwise, any facility owned or controlled by theAuthority; provided that no person shall be granted any authority to operatea facility other than as a public facility or to enter into any contracts,leases, or other arrangements in connection with the operation of thefacility that the Authority might not have undertaken under subsection A.
C. In connection with a project leased to or financed or refinanced for atrust instrumentality of the United States where payments or contributions bythe Commonwealth and any political subdivision, together with amountspursuant to an agreement with such trust instrumentality to pay rent or otheramounts, are sufficient to pay the principal of and interest on theAuthority's bonds issued to finance or refinance such project, the Authoritymay agree that such trust instrumentality shall assume all responsibility forthe acquisition, construction, operation, maintenance, and repair of theproject and may further agree that when the principal of all such bonds ofthe Authority and the interest thereon have been paid in full or provisionmade therefor satisfactory to the Authority, the trust instrumentality mayacquire the Authority's interest in such project without payment ofadditional consideration.
(1981, c. 569, § 2.1-234.21; 1990, c. 815; 1998, cc. 498, 504; 2001, c. 844.)
§ 2.2-2273. Contracts, leases and other arrangements.
A. In connection with the operation of a facility owned or controlled by theAuthority, the Authority may enter into contracts, leases, and otherarrangements with any person (i) granting the privilege of using or improvingthe facility or any portion or facility thereof or space therein consistentwith the purposes of this article; (ii) conferring the privilege of supplyinggoods, commodities, things, services, or facilities at the facility; (iii)making available services to be furnished by the Authority or its agents atthe facility; and (iv) providing for the payment therefor.
In each case the Authority may establish the terms and conditions and fix thecharges, rentals, or fee for the privilege or service, which shall bereasonable and uniform for the same class of privilege or service at eachfacility and shall be established with due regard to the property andimprovements used and the expenses of operation to the Authority.
B. Except as may be limited by the terms and conditions of any grant, loan oragreement authorized by § 2.2-2271, the Authority may by contract, lease, orother arrangements, upon a consideration fixed by it, grant to any qualifiedperson, for a term not to exceed thirty years, the privilege of operating, asagent of the Authority or otherwise, any facility owned or controlled by theAuthority; provided that no person shall be granted any authority to operatea facility other than as a public facility or to enter into any contracts,leases, or other arrangements in connection with the operation of thefacility that the Authority might not have undertaken under subsection A.
C. In connection with a project leased to or financed or refinanced for atrust instrumentality of the United States where payments or contributions bythe Commonwealth and any political subdivision, together with amountspursuant to an agreement with such trust instrumentality to pay rent or otheramounts, are sufficient to pay the principal of and interest on theAuthority's bonds issued to finance or refinance such project, the Authoritymay agree that such trust instrumentality shall assume all responsibility forthe acquisition, construction, operation, maintenance, and repair of theproject and may further agree that when the principal of all such bonds ofthe Authority and the interest thereon have been paid in full or provisionmade therefor satisfactory to the Authority, the trust instrumentality mayacquire the Authority's interest in such project without payment ofadditional consideration.
(1981, c. 569, § 2.1-234.21; 1990, c. 815; 1998, cc. 498, 504; 2001, c. 844.)
