Code of Virginia - Title 15.2 Counties, Cities And Towns - Chapter 62 Alleghany Highlands Economic Development Authority

15.2-6200 Authority created; name
The Alleghany-Highlands Economic Development Authority, hereinafter referred to as the Authority, is created as a body politic and corporate, a political subdivision of the Commonwealth. ...

15.2-6201 Description unavailable
Not set out. (1997, c. 587.) ...

15.2-6202 Duties of Authority; governmental functions
A. The Authority shall provide financial support (i) for the purchase of real estate, construction of buildings for sale or lease, installation of utilities and ...

15.2-6203 Board of Authority; members and officers; staff; annual report
A. All powers, rights and duties conferred by this chapter, or other provisions of law, upon the Authority shall be exercised by the Board of ...

15.2-6204 Office of Authority; title to property
The Board shall maintain the principal office of the Authority within the Region. All records shall be kept and business transacted at such office. The ...

15.2-6205 General powers of Authority; regulations; enforcement of statutes, rules, etc
The Authority acting through its Board: 1. Is vested with the powers of a body corporate, including the power to sue and be sued, plead ...

15.2-6206 Further powers
The Authority may: 1. Enter into contractual agreements in furtherance of its purpose; 2. Rent, lease, including the execution of leases with option to purchase, ...

15.2-6207 Acceptance of funds, property, grants, or loans
The Authority may accept funds and property from the federal government, the Commonwealth, persons, and localities and may use the same for any of the ...

15.2-6208 Eligible use of funds
From such funds as may be appropriated or received, the Authority may make loans and grants for the benefit of qualified private, for-profit enterprises and ...

15.2-6209 Capitalization of Authority
On or before January 1, 1994, and on or before the first day of each year thereafter, each county and town that is a member ...

15.2-6210 Proceeds held
The secretary-treasurer may invest and reinvest funds of the Authority pending their need. All moneys received by the Authority pursuant to § 15.2-6208, together with ...

15.2-6211 Forms of accounts and records; audit of same
The accounts and records of the Authority showing the receipt and disbursement of funds from whatever source derived shall be in such form as the ...

15.2-6212 Dissolution of Authority
Each member locality of the Authority may withdraw from the Authority only upon dissolution of the Authority as set forth herein. Whenever the Board determines ...

15.2-6213 Chapter liberally construed
This chapter, being necessary for the welfare of the Commonwealth and its inhabitants, shall be liberally construed to effect the purposes thereof. (1993, c. 982, ...

15.2-6214 Revenue sharing agreements
Notwithstanding the requirements of Chapter 34 (§ 15.2-3400 et seq.) of Title 15.2, the County of Alleghany and the Town of Clifton Forge may agree ...