§ 58.1-3606.1. Property indirectly owned by government.
Property indirectly owned by the Commonwealth or any political subdivision thereof or by the United States shall include, but not be limited to, a leasehold interest or other right pursuant to a concession, as defined in § 56-557, in a transportation facility and real property acquired or constructed for the development and/or operation of the qualifying transportation facility when (i) the qualifying transportation facility is owned, or title to it is held, by the Commonwealth or any political subdivision thereof or by the United States and is being developed and/or operated pursuant to a concession under the Public-Private Transportation Act of 1995 (§ 56-556 et seq.) or similar federal law and (ii) the property or leasehold interest is required to be dedicated to the Commonwealth, its political subdivision, or the United States upon the termination of the concession.
(2006, c. 922.)Sections: Previous 58.1-3601 58.1-3602 58.1-3603 58.1-3604 58.1-3605 58.1-3605.1 58.1-3606 58.1-3606.1 58.1-3607 58.1-3608 58.1-3609 58.1-3610 58.1-3611 58.1-3612 58.1-3613 Next
Last modified: April 16, 2009