Code of Virginia - Title 5.1 Aviation - Chapter 10 Metropolitan Washington Airports Authority

5.1-152 Definitions
For the purposes of this act, the following terms and phrases shall mean: "Authority" shall mean the Metropolitan Washington Airports Authority created by this act ...

5.1-153 Metropolitan Washington Airports Authority created
There is hereby created the Metropolitan Washington Airports Authority, hereafter referred to as the Authority, a public body corporate and politic and independent of all ...

5.1-154 Acquisition of airports; approval
The Metropolitan Washington Airports Authority created by this act is hereby authorized, when similarly authorized by the District of Columbia, to acquire from the United ...

5.1-155 Membership; terms; officers
A. The Authority shall consist of thirteen members: five appointed by the Governor of the Commonwealth of Virginia, three appointed by the Mayor of the ...

5.1-156 Powers and duties of the Authority
A. For the purpose of acquiring, operating, maintaining, developing, promoting and protecting Ronald Reagan Washington National Airport and Washington Dulles International Airport together as primary ...

5.1-157 Authority rules and regulations; penalty
A. The Authority shall have the power to adopt, amend, and repeal rules and regulations pertaining to use, maintenance and operation of its facilities and ...

5.1-158 Police
A. The Commonwealth hereby grants, accepts and agrees to concurrent police power authority over the Metropolitan Washington Airports as provided in Section 6009 (c) of ...

5.1-159 Operation of foreign trade zone
The Authority is authorized and empowered to establish, operate and maintain a foreign trade zone and otherwise to expedite and encourage foreign commerce. (2001, c. ...

5.1-160 Acquisition of property; eminent domain
A. The Authority is hereby authorized to acquire by purchase, lease or grant such additional lands, structures, property, rights, rights-of-way, franchises, easements and other interests ...

5.1-161 Revenue bonds
The Authority is hereby authorized to provide by resolution for the issuance, at one time or from time to time, of revenue bonds of the ...

5.1-162 Refunding bonds
The Authority is hereby authorized to provide by resolution for the issuance of its revenue refunding bonds for the purpose of refunding any bonds then ...

5.1-163 Pledge of funds
All moneys received pursuant to the provisions of this act, whether as proceeds from the sale of bonds, as revenues, or as grants, appropriations or ...

5.1-164 Marketability of bonds
The Authority is authorized and empowered to exercise all or any part or combination of the powers herein granted; to make covenants other than and ...

5.1-165 Bonds as legal investments and security for public deposits
Bonds issued by the Authority under the provisions of this act are hereby made securities in which all public officers and public bodies of the ...

5.1-166 Credit of Commonwealth and political subdivisions not pledged
Revenue bonds issued under the provisions of this act shall not constitute a debt of the Commonwealth of Virginia or of any other political subdivision ...

5.1-167 Trust agreement
In the discretion of the Authority, any bonds issued under the provisions of this act may be secured by a trust agreement by and between ...

5.1-168 Revenues
The Authority is hereby authorized to fix, revise, charge and collect fees or other charges for the use of the airports and to contract with ...

5.1-169 Trust funds
All proceeds from the sale of bonds and revenues derived therefrom received pursuant to the provisions of this act shall be deemed to be trust ...

5.1-170 Annual audit
The Authority shall keep suitable records of all its financial transactions and shall have the same audited annually. Copies of such audit shall be furnished ...

5.1-171 Remedies
Any holder of bonds issued under the provisions of this act or of any of the coupons appertaining thereto, and the trustee under any trust ...

5.1-172 Exemption from taxation
The exercise of the powers granted by this act shall be in all respects for the benefit of the inhabitants of the Commonwealth of Virginia, ...

5.1-173 Jurisdiction of courts; liability for contracts and torts
A. The courts of the Commonwealth of Virginia shall have original jurisdiction of all actions brought by or against the Authority, which courts shall in ...

5.1-174 Procurement Act exemption
In light of the multijurisdictional nature of the Authority, an exemption is hereby provided to the Authority from the provisions of the Virginia Public Procurement ...

5.1-175 Act liberally construed
This act, being necessary for the welfare of the Commonwealth of Virginia and its inhabitants, shall be liberally construed to effect the purposes thereof. (2001, ...

5.1-176 Constitutional construction
The provisions of this act are severable and if any of its provisions shall be held unconstitutional by any court of competent jurisdiction, the decision ...

5.1-177 Inconsistent laws inapplicable
All other general or special laws inconsistent with any provision of this act are hereby declared to be inapplicable to the provisions of this act. ...

5.1-178 Description unavailable
Not set out. (2001, c. 342.) ...