§ 33.1-429. General powers
The Authority is vested with the powers of a body corporate, including, without limitation, the power to:
1. Sue and be sued;
2. Make contracts;
3. Adopt and use a common seal, and alter such seal at its pleasure;
4. Procure insurance, participate in insurance plans, and provide self-insurance. The purchase of insurance, participation in an insurance plan, or the creation of a self-insurance plan by the Authority shall not be deemed a waiver or relinquishment of any sovereign immunity to which the Authority or its officers, directors, employees, or agents are otherwise entitled;
5. Develop policies and procedures generally applicable to the procurement of goods, services and construction based on competitive principles; and
6. Use any legal means to carry out its limited purpose.
(2000, cc. 869, 902.)
Sections: Previous 33.1-426 33.1-427 33.1-428 33.1-429Last modified: April 3, 2009