There is a newer version of the Code of Virginia
2006 Code of Virginia § 15.2-5338 - Owning property
15.2-5338. Owning property.
An authority shall have power to own, hold, clear and improve property and toinsure or provide for the insurance of the property or operations of theauthority against such risks as the authority may deem advisable.
(Code 1950, 32-252; 1979, c. 719, 15.1-1573; 1997, c. 587.)
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