§ 15.2-5606. Acquisition, maintenance and operation of projects; revenues from projects
The authority may acquire or construct and maintain and operate any one or more projects under this chapter in such manner as the authority may determine, and the authority may operate each project separately or it may operate one or more projects together. The authority shall have exclusive control over the revenues derived from its operations and may use revenues from one project in connection with any other project. No person shall receive any profit or dividend from the revenues, earnings or other funds or assets of the authority other than for debts contracted, for services rendered, for materials and supplies furnished and for other value actually received by the authority.
(Code 1950, § 15-714.19; 1962, c. 393, § 7, § 15.1-1277; 1997, c. 587.)
Sections: Previous 15.2-5600 15.2-5601 15.2-5602 15.2-5603 15.2-5604 15.2-5605 15.2-5606 15.2-5607 15.2-5608 15.2-5609 15.2-5610 15.2-5611 15.2-5612 15.2-5613 15.2-5614 NextLast modified: April 2, 2009