Code of Virginia - Title 15.2 Counties, Cities And Towns - Section 15.2-6308.1 Approval of Governor required
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§ 15.2-6308.1. Approval of Governor required
If an authority desires to undertake a project or other activity as provided
in this chapter, and the property involved in such undertaking is subject to
a reversionary interest in favor of the Commonwealth, such undertaking shall
require the prior approval of the Governor but shall not require the approval
of any other agency or political subdivision of the Commonwealth. Once the
Governor grants such approval, the Commonwealth's reversionary interest in
such property shall be subordinate to any lease, mortgage, or other
transaction entered into by such authority with regard to such property.
(2005, cc. 869, 887.)
Sections: 15.2-6303 15.2-6304 15.2-6304.1 15.2-6305 15.2-6306 15.2-6307 15.2-6308 15.2-6308.1 15.2-6309 15.2-6310 15.2-6311 15.2-6312 15.2-6313 15.2-6314 15.2-6314.1
Last modified: April 3, 2009
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