§ 15.2-6650. Existing contracts, leases, franchises, etc., not impaired
No provisions of this act shall relieve, impair, or affect any right, duty, liability, or obligation arising out of any contract, concession, lease, or franchise now in existence except to the extent that such contract, concession, lease, or franchise may permit. Notwithstanding the foregoing provisions of this section, the Authority may renegotiate, renew, extend the term of, or otherwise modify at any time any contract, concession, lease, or franchise now in existence in such manner and on such terms and conditions as it may deem appropriate, provided that the operator of or under any said contract, concession, lease, or franchise consents to said renegotiation, renewal, extension, or modification.
(2005, c. 842.)
Sections: Previous 15.2-6637 15.2-6638 15.2-6639 15.2-6640 15.2-6641 15.2-6642 15.2-6643 15.2-6644 15.2-6645 15.2-6646 15.2-6647 15.2-6648 15.2-6649 15.2-6650 15.2-6651 NextLast modified: April 2, 2009