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2004 SESSION

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042945836
SENATE BILL NO. 480 Offered January 14, 2004 Prefiled January 14, 2004 A BILL to amend and reenact § 15.2-6011 of the Code of Virginia, relating to the Virginia Coalfield Economic Development Authority. ---------- Patron-- Wampler ---------- Referred to Committee on Local Government ----------

Be it enacted by the General Assembly of Virginia:

1. That § 15.2-6011 of the Code of Virginia are amended and reenacted as follows:

§ 15.2-6011. Eligible use of funds.

The Authority is hereby empowered to pledge its funds, and make loans and grants to or for the benefit of private, for-profit enterprises or entities; governmental or corporate instrumentalities in the coalfield region of Virginia (including any political subdivision of the Commonwealth and the Breaks Interstate Park); not-for-profit enterprises or entities; nonprofit industrial development corporations; economic development authorities; or industrial development authorities for financing the following:

1. Purchase of real estate;

2. Grading of site(s);

3. Construction of flood control dams;

4. Water, sewer, natural gas and electrical line replacement and extensions;

5. Construction or rehabilitation or expansion of buildings;

6. Construction of parking facilities;

7. Access roads construction and street improvements;

8. Purchase or, lease, or relocation of machinery and, tools, equipment, furniture, software, or other personal property;

9. Construction of improvements outside the Commonwealth if in the Breaks Interstate Park; and

10. Feasibility studies, site studies, preliminary engineering or architectural reports, and other studies and plans;

1011. Such other improvements, projects, activities, or purposes as the Authority deems necessary to accomplish its purpose.; and

12. Costs and expenses associated with any item listed in subdivisions 1 through 11 above, including, but not limited to, architectural, engineering, consulting, legal, closing, installation, delivery, and assembly expenses.