There is hereby created and constituted a political subdivision of the Commonwealth to be known as the Virginia Nuclear Energy Consortium Authority (the Authority). The Authority’s exercise of powers conferred by this chapter shall be deemed to be the performance of an essential governmental function and matters of public necessity for which public moneys may be spent and private property acquired.

Terms Used In Virginia Code 67-1401

  • Authority: means the Virginia Nuclear Energy Consortium Authority established pursuant to this chapter. See Virginia Code 67-1400
  • Consortium: means the nonstock, nonprofit corporation established by the Authority pursuant to § 67-1404. See Virginia Code 67-1400

2013, cc. 57, 394.