Public Recreational Facilities Authorities Act

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This is Chapter 56 of the Code of Virginia, titled “Public Recreational Facilities Authorities Act.” It is part of Subtitle IV “Other Governmental Entities”, which is part of Title 15.2 “Counties, Cities and Towns”. It contains 17 laws.

It’s comprised of the following 17 sections.

§ 15.2-5600	Short title
§ 15.2-5601	Definitions
§ 15.2-5602	Creation of authorities
§ 15.2-5603	Board to exercise powers of authority
§ 15.2-5604	Powers of authority generally
§ 15.2-5605	Transfers of property, appropriations and contracts by participating localities
§ 15.2-5606	Acquisition, maintenance and operation of projects; revenues from projects
§ 15.2-5607	Authority to issue bonds; source of payment
§ 15.2-5608	Bond resolution; terms, conditions, form and execution of bonds; sale; interim receipts or temporary bonds
§ 15.2-5609	Trust indenture or agreement to secure payment of bonds
§ 15.2-5610	Fees, rents and other charges; reserves
§ 15.2-5611	Moneys received deemed trust funds
§ 15.2-5612	Remedies of bondholders and trustee
§ 15.2-5613	Authority to exercise a governmental function; exemption from taxation
§ 15.2-5614	Bonds legal investments
§ 15.2-5615	Chapter to constitute complete authority for acts authorized; liberal construction
§ 15.2-5616	Dissolution of authority; disposition of property