Code of Virginia - Title 15.2 Counties, Cities And Towns - Chapter 58 Virginia Baseball Stadium Authority

15.2-5800 Definitions; professional baseball games; consent for construction
As used in this chapter the following words have the meanings indicated: "Authority" means the Virginia Baseball Stadium Authority. "Facility" means (i) major league and ...

15.2-5801 Creation of Authority
There is hereby established a body corporate and politic known as the Virginia Baseball Stadium Authority. The Authority is a political subdivision of the Commonwealth. ...

15.2-5802 Members of Authority; chairman; terms
A. The Authority shall consist of nine members who shall be appointed by the Governor, and the Governor shall designate one of the members as ...

15.2-5803 Quorum; actions of Authority; meetings
Five members of the Authority shall constitute a quorum for the purpose of conducting business. Actions of the Authority shall receive the affirmative vote of ...

15.2-5804 Executive Director appointment; duties
A. The Authority shall appoint an Executive Director, who is the chief administrative officer and secretary of the Authority and serves at the pleasure of ...

15.2-5805 Powers
In addition to the powers set forth elsewhere in this chapter, the Authority may: 1. Adopt and alter an official seal; 2. Sue and be ...

15.2-5806 Public hearings; notice; reports
A. At least sixty days prior to selecting a site for a major league or minor league baseball stadium, the Authority shall hold a public ...

15.2-5807 Acquisition of property
A. The Authority may acquire in its own name, by gift or purchase, any real or personal property, or interests in property, necessary or convenient ...

15.2-5808 Bond issues
A. The Authority may at any time and from time to time issue bonds for any valid purpose, including the establishment of reserves and the ...

15.2-5809 Investments in bonds
Any financial institution, investment company, insurance company or association, and any personal representative, guardian, trustee, or other fiduciary, may legally invest any moneys belonging to ...

15.2-5810 Bonds are tax exempt
The Authority shall not be required to pay any taxes or assessments of any kind whatsoever and its bonds, their transfer, the interest payable on ...

15.2-5811 Stadium Authority Financing Fund; use
A. There is hereby created a Virginia Baseball Stadium Authority Financing Fund ("Fund"). The Authority shall use the Fund as a nonlapsing revolving fund for ...

15.2-5812 Additional duties
In addition to the duties set forth elsewhere in this chapter, the Authority shall: 1. Keep records as are consistent with sound business practices and ...

15.2-5813 Creation of local advisory boards
Prior to constructing any facility, the Authority shall create a local advisory board for that facility. Each local advisory board shall be composed of twelve ...

15.2-5814 Entitlement to sales tax revenues derived from a major league baseball stadium
A. In connection with the issuance of bonds by the Authority to finance or refinance a major league baseball stadium, the Authority shall be entitled ...

15.2-5815 Tax revenues of the Commonwealth or any other political subdivision not pledged
Nothing in this chapter shall be construed as authorizing the pledging of the faith and credit of the Commonwealth, or any of its revenues, or ...

15.2-5816 Cooperation between the Authority and other political subdivisions
The Authority may enter into agreements with any other political subdivision of the Commonwealth for joint or cooperative action in accordance with § 15.2-1300. (1995, ...

15.2-5817 Tort liability
No pecuniary liability of any kind shall be imposed on the Commonwealth or on any other political subdivision of the Commonwealth because of any act, ...

15.2-5818 Tort claims
For purposes of Article 18.1 (§ 8.01-195.1 et seq.) of Chapter 3 of Title 8.01, the Authority is an "agency" within the meaning of § ...

15.2-5819 Policy statement
It is hereby found, determined, and declared that the acquisition of a major league baseball franchise and a major league baseball stadium will result in ...

15.2-5820 , 15.2-5821
Expired. ...

15.2-5822 , 15.2-5823
Expired. ...