Code of VirginiaTitle 15.2. Counties, Cities and Towns1/23/2019 Chapter 72. BVU Authority ActRead Chapter § 15.2-7200Short title § 15.2-7201Creation; public purpose § 15.2-7202Definitions § 15.2-7203BVU Authority; operating name or names § 15.2-7204Divisions § 15.2-7205(Contingent expiration date -- see note) Board of Directors; membership § 15.2-7205(Contingent effective date -- see notes) Board of Directors; membership § 15.2-7206(Contingent expiration date -- see note) Organization; compensation § 15.2-7206(Contingent effective date -- see note) Organization; compensation § 15.2-7207Powers generally § 15.2-7208Powers § 15.2-7209Authority deemed to be an MLEC § 15.2-7210Transfer of properties and debt § 15.2-7211Reports § 15.2-7212Procurement § 15.2-7213Deposit and investment of funds § 15.2-7214Authority to issue bonds § 15.2-7215Credit of Commonwealth and political subdivisions not pledged § 15.2-7216Directors and persons executing bonds not liable thereon § 15.2-7217Security for payment of bonds; default § 15.2-7218Bonds as legal investments § 15.2-7219Contracts concerning interest rates and investments § 15.2-7220Taxation § 15.2-7221Sovereign immunity § 15.2-7222Appropriation by political subdivision § 15.2-7223Contracts with political subdivisions § 15.2-7224Application of local ordinances, service charges, and taxes upon leaseholds § 15.2-7225Existing contracts, leases, franchises, etc., not impaired § 15.2-7226Liberal construction