CHAPTER 3

An Act to amend and reenact § 62-106.7, as amended, of the Code of
Virginia to authorize the expenditure of funds appropriated to the
Virginia State Ports Authority and the incurring of indebtedness by
such Authority with the consent of the Governor in certain instances.

(S 191]
Approved January 380, 1968

Be it enacted by the General Assembly of Virginia:

1. That § 62-106.7, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 62-106.7. Through the Board, the State of Virginia may engage in
promoting, developing, constructing, equipping, maintaining, and opera-
ting the harbors or seaports within the State, or its jurisdiction, by means
of acquiring or constructing, maintaining and operating at such seaports
or harbors water craft and terminal facilities necessary or useful in con-
nection therewith. The Authority is charged with the accomplishment of
the following general purposes, all or any of them, which are intended to
broaden, and not to restrict, any other powers given to it in this chapter,
namely:

(a) To develop and improve the harbors or seaports of this State
for the handling of water-borne commerce from and to any part of the
State of Virginia and other states and foreign countries;

To acquire, construct, equip, maintain, develop and improve
such harbors or seaports and their port facilities and to issue revenue
bonds for these purposes;

(c) To foster and stimulate the shipment of cargoes and commerce
through such ports, whether originating within or without the State of
Virginia, including the investigation and handling of matters pertaining
to all transportation rates and rate structures affecting the same;

(d) To compile and disseminate in a single publication, so far as
practicable, all port charges, rules and practices in effect at the several
ports in this State;

(e) Tocooperate with the United States of America, and any agency,
department, corporation or instrumentality thereof, in the maintenance,
development, improvement and use of such harbors and seaports;

To accept funds and property from persons, counties, cities and
towns, and to use the same in such manner, within the purposes of the
Authority, as shall be stipulated by the grantor, and to act as agent or
instrumentality for any of such persons, counties, cities or towns in any
matter coming within the general purposes of such Authority; counties,
cities and towns are hereby authorized to make grants to the Authority for
its purposes and to appoint it as agent;

(gz) To act as agent for the United States of America, or any
agency, department, corporation or instrumentality thereof, in any matter
coming within the purposes or powers of the Authority ;

(g1) To issue revenue bonds for the acquisition, construction, recon-
struction or control of harbors, seaports and their port facilities;

(h) And in general to do and perform any act or function which
may tend to or be useful toward the development and improvement of the
harbors and seaports of this State, and to the increase of commerce, foreign
and domestic, through its harbors and seaports;

(i) But the Authority shall not be authorized or empowered to ex-
pend funds appropriated by the General Assembly on, nor to incur any
indebtedness on account of, improvement, repair, maintenance, or addition
to real or personal property belonging to anyone other than the Authority
or the Commonwealth of Virginia, or a political subdivision of the Com-
monwealth of Virginia, unless the use of such property is guaranteed to the
Authority, or the Commonwealth of Virginia by a lease, extending beyond
the useful life of the improvement, repair, maintenance or addition or of
any new facility erected thereon *, o7 unless the Governor approves in
writing the expenditure of such funds or the incurring of such indebtedness.

. Anemergency exists and this act is in force from its passage.