§ 23-38.113. Leases of property
The governing body of a covered institution shall adopt such policies relating to the leasing of real property, including capital or and/or leases, that reasonably ensure that such leases are efficiently procured on appropriate terms and for appropriate purposes. With respect to capital or and/or leases for real property to be used for academic purposes, or for real property owned by the institution or a foundation related to the institution to be used for non-academic purposes in accordance with the institution's land use plan pursuant to § 2.2-1153, other than applicable policies adopted by a covered institution's board of visitors and provisions of general law that expressly apply to covered institutions, such institutions shall be exempt from any state or local statutes or ordinances, rules, regulations, and guidelines relating to and/or leases of real property by public entities and, except as otherwise provided in §§ 23-38.109 and 23-38.112, to capital leases.
(2005, cc. 933, 945.)
Sections: Previous 23-38.106 23-38.107 23-38.108 23-38.109 23-38.110 23-38.111 23-38.112 23-38.113 23-38.114 23-38.115 23-38.116 23-38.117 23-38.118 23-38.119 23-38.120 NextLast modified: April 16, 2009