| Old | New | Differences | |
|---|---|---|---|
| 1 | - | CHAPTER 169 | |
| 1 | + | 2025 SESSION | |
| 2 | + | ||
| 3 | + | ENROLLED | |
| 4 | + | ||
| 5 | + | VIRGINIA ACTS OF ASSEMBLY -- CHAPTER | |
| 2 | 6 | ||
| 3 | 7 | An Act to amend and reenact 10.1-1618 of the Code of Virginia and to amend the Code of Virginia by adding in Chapter 16 of Title 10.1 a section numbered 10.1-1623, relating to Virginia Recreational Facilities Authority; authority to dissolve. | |
| 4 | 8 | ||
| 5 | 9 | [H 2321] | |
| 6 | 10 | ||
| 7 | - | Approved | |
| 11 | + | Approved | |
| 8 | 12 | ||
| 9 | 13 | Be it enacted by the General Assembly of Virginia: | |
| 10 | 14 | ||
| 11 | 15 | 1. That 10.1-1618 of the Code of Virginia is amended and reenacted and that the Code of Virginia is amended by adding in Chapter 16 of Title 10.1 a section numbered 10.1-1623 as follows: | |
| 12 | 16 | ||
| 13 | 17 | 10.1-1618. Title to property. | |
| 14 | 18 | ||
| 15 | 19 | The Authority may acquire title to property in its own name or in the name of the Commonwealth for and on behalf of the Authority. In the event that the Authority ceases to operate its projects and to promote the purposes stated in 10.1-1601 or is dissolved, the title to real property held by the Authority shall transfer to the Commonwealth and be administered by the Department of Conservation and Recreation locality in which the majority of such property is located; provided however, in the event that an environmental audit of any real property or interest therein, or portion of such property, to be transferred pursuant to this section discloses any environmental liability or violation of law or regulation, present or contingent, the Governor locality may reject the transfer of any portion of such property which he that it determines to be environmentally defective. | |
| 16 | 20 | ||
| 17 | 21 | 10.1-1623. Dissolution of Authority; disposition of property. | |
| 18 | 22 | ||
| 19 | 23 | A. Notwithstanding any contrary provision of this chapter, whenever the Board determines by resolution that it is in the best interest of those served by the Authority to divest itself of property owned by the Authority, the Authority may transfer all such property to the locality in which the majority of such property is located. | |
| 20 | 24 | ||
| 21 | 25 | B. Whenever the Board determines by resolution that (i) the purposes for which the Authority was formed have been substantially complied with, (ii) all property of the Authority has been transferred pursuant to this chapter, and (iii) all bonds therefor issued and all obligations theretofore incurred by the Authority have been fully paid or adequate provisions have been made for the payment, the Board may dissolve itself upon a majority vote of the Board. |