CHAPTER 500

An Act to amend and reenact § 1 of Chapter 506 of the Acts of Assembly
of 1960, approved March 81, 1960, the chapter relating to Smith
Island Bridge Authority, and the section relating to definitions.
Be it enacted by the General Assembly of Virginia:

1. That § 1 of Chapter 506 of the Acts of Assembly of nineteen hundred
sixty, approved March thirty-one, nineteen hundred sixty, be amended and
reenacted as follows:

§ 1. Definitions—As used in this Act the following words and terms
shall have the following meanings, unless the context shall indicate another
or different meaning or intent:

(a) The word “Authority” shall mean the Smith Island Bridge Au-
thority hereinafter created or, if the Authority shall be abolished, the
board, body, commission or agency succeeding to the principal functions
thereof or upon whom the powers given by this Act to the Authority shall
be conferred by law.

(b) The word “project”? shall mean a bridge or bridges constructed
by the Authority under the provisions of this Act extending from a point
or points on Smith Island off the southeastern shore of Northampton
County, Virginia, to a point or points on the mainland in said County to
connect with a public highway or highways, together with all necessary
and convenient approaches, roads and streets used in connection with such
bridge and bridges and beach facilities convenient to such roads and streets.

(c) The term “cost of the project” shall embrace the cost of construc-
tion, landscaping and conservation, the cost of acquisition of all land,
rights of way, property, rights, easements and interests acquired by the
Authority for the construction and operation of the project, the cost of
demolishing or removing any buildings or structures on land so acquired,
including the cost of acquiring any land to which such buildings or struc-
tures may be moved, the cost of all machinery and equipment, financing
charges, interest prior to and during construction and, if deemed advis-
able by the Authority for a period not exceeding * five years after com-
pletion of construction, cost of traffic estimates and of engineering and
legal services, plans, specifications, surveys, estimates of cost and of rev-
enues, provision for working capital and a reserve for interest, other ex-
penses necessary or incident to determining the feasibility or practicability
of constructing the project, administrative expenses, and such other ex-
penses as may be necessary or incident to the construction of the project,
the financing of such construction and the placing of the project in oper-
ation. Any obligation or expense incurred by the State Highway Commis-
sion for traffic surveys, borings, preparation of plans and specifications,
and other engineering services in connection with the construction of
the project shall be regarded as a part of the cost of such project and shall
be reimbursed to the State Highway Commission out of the proceeds of
the revenue bonds issued for the project as hereinafter authorized.

(d) The word “bonds” or the words “revenue bonds” shall mean
revenue bonds or revenue refunding bonds of the Authority issued under
the provisions of this Act.

(e) The word “owner” shall include all individuals, co-partnerships,
associations or corporations and also municipalities, political subdivisions
and all public agencies and instrumentalities having any title or interest
in any property, rights, easements and interests authorized to be acquired
by this Act.

2. An emergency exists and this act is in force from its passage.