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2022 SESSION
22104510DBe it enacted by the General Assembly of Virginia:
1. That § 36-19 of the Code of Virginia is amended and reenacted as follows:
§ 36-19. Enumeration of powers.
An authority shall constitute a political subdivision of the Commonwealth with public and corporate powers, and having all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the following powers in addition to others herein granted:
1. To sue and to be sued; to have a seal and to alter the same at pleasure; to have perpetual succession; to make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the authority; and to make, amend, and repeal bylaws, rules, and regulations, not inconsistent with law, to carry into effect the powers and purposes of the authority.
2. Within its area of operation, to prepare, carry out,
acquire, lease,
and operate housing projects and residential buildings, and; to provide for the
construction, reconstruction, improvement, alteration,
or repair of any housing project, residential building, or any part thereof,;
and to construct, remodel,
or renovate any public building or other facility used for public purposes, provided that
the authority is requested to do so by the governing body of the political
subdivision wherein the public building or facility is located.
3. To arrange or contract for the furnishing by any person or
agency, public or private, of services, privileges, works, or facilities for,
or in connection with, a housing project or the occupants thereof; and, (notwithstanding
anything to the contrary contained in this chapter or in any other provision of
law),
to include in any contract let in connection with a project, any provisions
required to comply with any conditions which that the federal government
may have attached to its financial aid of the project.
4. In connection with any housing project: to lease or rent
any dwelling, houses, accommodations, lands, buildings, structures, or facilities embraced in any
housing project and, (subject
to the limitations contained in this chapter), to establish and revise the
rents or charges therefor; to own, hold, and improve real or personal property;
to purchase, lease, obtain options upon, acquire by gift, grant, bequest,
devise, or otherwise any real or personal property or any interest therein; to
acquire by the exercise of the power of eminent domain any real property; to
sell, lease, exchange, transfer, assign, pledge,
or dispose of any real or personal property or any interest therein; to insure
or provide for the insurance of any real or personal property or operations of
the authority against any risks or hazards, to procure or agree to the
procurement of insurance or guarantees from the federal government of the
payment of any bonds or parts thereof issued by an authority, including the
power to pay premiums on any such insurance.
5. To invest any funds held in reserves or sinking funds, or any funds not required for immediate disbursement, in property or security in which savings banks may legally invest funds subject to their control; to purchase its bonds at a price not more than the principal amount thereof and accrued interest, all bonds so purchased to be cancelled.
6. Within its area of operation, to investigate into living, dwelling, and housing conditions and into the means and methods of improving such conditions; to determine where blighted or slum areas exist or where there is a shortage of decent, safe, and sanitary dwelling accommodations for persons of low income; to make studies and recommendations relating to the problem of clearing, replanning, and reconstructing of blighted or slum areas, and the problem of providing dwelling accommodations for persons of low income, and to cooperate with the locality, the Commonwealth or any other political subdivision thereof in action taken in connection with such problems; and to engage in research, studies, and experimentation on the subject of housing.
7. To make loans or grants for the prevention and elimination
of blighted or slum areas and for assistance in housing construction or
rehabilitation by private sponsors of any and all funds received through
federal programs and any and all funds received from other sources, public or private, including but
not limited to rehabilitation loans received pursuant to
the provisions of § 312 of the Federal Housing Act of 1964, as amended and the
Housing and Community Development Act of 1974.
8. Within its area of operation, to act as agent for a political subdivision or agency of the Commonwealth or for a federal agency in making construction or rehabilitation loans to persons of low or moderate income in accordance with the rules and regulations of the political subdivision or agency.
9. Within its area of operation to make grants, loans, or refinance loans made by others for assistance in planning, development, acquisition, construction, repair, rehabilitation, equipping, or maintenance of commercial, residential, or other buildings; provided that prior approval of any such loan by the local governing body shall be required if the building is not located within a housing, redevelopment, or conservation area, or rehabilitation area and provided further that any rehabilitation funded by any such grant or loan is in compliance with property maintenance standards contained in duly adopted redevelopment or conservation plans in effect in such area of operation.
10. To borrow money and issue evidence of indebtedness in the name of and for the use of the authority, to issue bonds and other obligations, and give security therefor, subject to such limitations as may be imposed by law.
11. To conduct examinations and investigations, and to make
available to appropriate agencies (, including those charged with
the duty of abating or requiring the correction of nuisances or like
conditions, or of demolishing unsafe or unsanitary structures within its area
of operation), its findings and
recommendations with regard to any building or property where conditions exist
which are dangerous to the public health, morals, safety,
or welfare.
12. With the approval of the local governing body or its designee, to form corporations, partnerships, joint ventures, trusts, or any other legal entity or combination thereof, on its own behalf or with any person or public or private entity. Any such legal entity shall expend funds or utilize tax credits only in support of projects within its area of operation. The books and records of such entity shall be made available, upon request, to the local governing body or its designee.
13. To exercise all or any part or combination of powers herein granted.
No provisions of law with respect to the acquisition, operation, or disposition of property by other political subdivisions or public bodies shall be applicable to an authority unless the legislature shall specifically state.