Constitutional amendment; local government, sale of property.
Impact
One of the primary impacts of SJR3 is that it could tighten the regulation surrounding the sale and management of public properties. This may provide more robust oversight and public accountability in local governance. The requirement for a substantial majority vote for property sales and franchise grants could prevent hasty or controversial decisions, protecting community interests and ensuring that economic benefits are carefully considered.
Summary
SJR3 proposes a constitutional amendment to modify how cities and towns in Virginia can sell property and grant franchises. Specifically, it seeks to amend Section 9 of Article VII of the Virginia Constitution. The proposed amendment stipulates that the sale of public property and franchises can only occur through an ordinance or resolution, with a recorded positive vote from at least three-fourths of the governing body members. This change is designed to ensure that significant decisions regarding municipal assets are made thoughtfully and with substantial support from elected officials.
Contention
Discussion around SJR3 may center on the implications of requiring a three-fourths majority for property sales and franchise agreements. Proponents argue that this measure will foster greater civic engagement and responsible management of public resources. However, opponents might raise concerns about the potential for gridlock or decreased efficiency in local government decision-making. If local governments face challenges in achieving such a high threshold for decision-making, it could hinder their ability to respond effectively to economic development opportunities or pressing community needs.
Local land bank authorities; tax sale properties acquisitions; tax exemption for acquired properties; tax revenue allocation; conveyance to state and local governments under certain circumstances; creation of local land bank authorities authorized under certain conditions