15.2-5431.2 - Definitions.
§ 15.2-5431.2. Definitions.
As used in this chapter, unless the context requires a different meaning:
"Authority" means an authority created under the provisions of this chapteror, if any such authority has been abolished, the entity succeeding to theprincipal functions thereof.
"Bonds" and "revenue bonds" include notes, bonds, bond anticipationnotes, and other obligations of an authority for the payment of money.
"Cost" or "cost of a project" means, but shall not be limited to, thecost of acquisition, construction, reconstruction, improvement, enlargement,betterment or extension of any project, including the cost of studies, plans,specifications, surveys, and estimates of costs and revenues relatingthereto, the cost of labor and materials; the cost of land, land rights,rights-of-way and easements, water rights, fees, permits, approvals,licenses, certificates, franchises, and the preparation of applications forand securing the same; administrative, legal, engineering and inspectionexpenses; financing fees, expenses and costs; working capital; interest onbonds during the period of construction and for such reasonable periodthereafter as may be determined by the issuing authority; establishment ofreserves; and all other expenditures of the issuing authority incidental,necessary or convenient to the acquisition, construction, reconstruction,improvement, enlargement, betterment or extension of any project and theplacing of the project in operation.
"Project" means any system of facilities for provision of qualifyingcommunications services as authorized by Article 5.1 (§ 56-484.7:1 et seq.)of Chapter 15 of Title 56.
(2003, c. 643.)