Virginia Code 15.2-6301: Definitions
As used in this chapter, unless the context or subject matter requires otherwise:
Terms Used In Virginia Code 15.2-6301
- Authority: means any political subdivision created by this chapter. See Virginia Code 15.2-6301
- Bonds: means any bonds, notes, interim certificates, debentures, or other obligations issued by an authority pursuant to this chapter. See Virginia Code 15.2-6301
- City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
- Commissioners: means the members of the board of commissioners of an authority. See Virginia Code 15.2-6301
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- County: means any existing county or such unit hereafter created. See Virginia Code 15.2-102
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Facility: means a particular building or structure or particular buildings or structures, including all equipment, appurtenances and accessories necessary or appropriate for the operation of such facility. See Virginia Code 15.2-6301
- Federal government: includes the United States of America, or any department, agency or instrumentality, corporate or otherwise, of the United States of America. See Virginia Code 15.2-6301
- Includes: means includes, but not limited to. See Virginia Code 1-218
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Town: means any existing town or an incorporated community within one or more counties which became a town before noon, July one, nineteen hundred seventy-one, as provided by law or which has within defined boundaries a population of 1,000 or more and which has become a town as provided by law. See Virginia Code 15.2-102
- Trustee: A person or institution holding and administering property in trust.
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
“Adjacent to such authority” includes real or personal property which is contiguous, neighboring, or within reasonable proximity of an authority.
“Area of operation” means an area coextensive with the territorial boundaries of the land acquired from the federal government by the authority.
“Authority” means any political subdivision created by this chapter. The terms “an authority” or “the authority” refer to each such authority.
“Bonds” means any bonds, notes, interim certificates, debentures, or other obligations issued by an authority pursuant to this chapter.
“Commissioners” means the members of the board of commissioners of an authority.
“Facility” means a particular building or structure or particular buildings or structures, including all equipment, appurtenances and accessories necessary or appropriate for the operation of such facility.
“Federal area” means an area coextensive with the territorial boundaries that is, or has been, occupied by a United States governmental activity or operation.
“Federal government” includes the United States of America, or any department, agency or instrumentality, corporate or otherwise, of the United States of America.
“Former federal area” means an area coextensive with the territorial boundaries that is, or has been, occupied by a United States governmental military installation and which is, or appears likely to be, subject to disposal by the United States government to public bodies, or otherwise.
“Obligee of the authority” or “obligee” includes any bondholder, trustee or trustees for any bondholders, and the federal government when it is a party to any contract with the authority.
“Project” means any specific enterprise undertaken by an authority, including the facilities as hereinafter defined, and all other property, real or personal or any interest therein, necessary or appropriate for the operation of such property.
“Public body of the Commonwealth” means any city, town, county, municipal corporation, commission, district, authority, other political subdivision or public body of the Commonwealth.
“Real property” means all lands, including improvements and fixtures thereon, and property of any nature appurtenant thereto, or used in connection therewith, and every estate, interest and right, legal or equitable, therein, including terms for years and liens by way of judgment, mortgage, or otherwise and the indebtedness secured by such liens.
Code 1950, § 15-938; 1954, c. 645; 1962, c. 623, § 15.1-1321; 1997, c. 587; 2005, cc. 839, 869, 887.