§ 62.1-132.1. General powers
The Authority is vested with the powers of a body corporate, including, without limitation, 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; and
5. Develop policies and procedures generally applicable to the procurement of goods, services and construction based on competitive principles.
(1981, c. 589; 1997, c. 232.)
Sections: Previous 62.1-128 62.1-129 62.1-129.1 62.1-129.2 62.1-130 62.1-131 62.1-132 62.1-132.1 62.1-132.2 62.1-132.3 62.1-132.4 62.1-132.5 62.1-132.6 62.1-132.7 62.1-132.8 NextLast modified: April 3, 2009