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Virginia Recreational Facilities Authority; authority to dissolve. Provides that the board of directors of the Virginia Recreational Facilities Authority may by resolution divest itself of property owned by the Authority and may transfer all such property to a locality. The bill provides that whenever the board of the Authority determines by resolution that the purposes for which the Authority was formed have been substantially complied with and all property of the Authority has been transferred and all bonds therefor issued and all obligations 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. The bill also provides that if the Authority ceases to operate or is dissolved, the title to its real property will transfer to the locality in which the majority of such property is located. Under current law, the property would transfer to the Commonwealth. This bill is identical to SB 796.
Introduced
Jan 8, 2025
Last Action
Mar 19, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0169)
Approved by Governor-Chapter 169 (Effective 07/01/25)
Fiscal Impact Statement from Department of Planning and Budget (HB2321)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on March 11, 2025
Signed by President
Enrolled
Signed by Speaker
Bill text as passed House and Senate (HB2321ER)
Senate substitute agreed to by House (97-Y 0-N)
Agriculture, Conservation and Natural Resources Substitute agreed to
Passed Senate with substitute (40-Y 0-N)
Engrossed by Senate - committee substitute
Read third time
Rules suspended
Constitutional reading dispensed (on 2nd reading) (39-Y 0-N)
Passed by for the day
Reported from Finance and Appropriations (14-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2321)
Committee substitute printed 25107183D-S1
Reported from Agriculture, Conservation and Natural Resources with substitute and rereferred to Finance and Appropriations (15-Y 0-N)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Agriculture, Conservation and Natural Resources
Reconsideration of passage agreed to by House
Passed House (99-Y 0-N)
Read third time and passed House (97-Y 0-N)
Read second time and engrossed
Read first time
Reported from Agriculture, Chesapeake and Natural Resources (22-Y 0-N)
Subcommittee recommends reporting (8-Y 1-N 1-A)
Assigned ACNR sub: Natural Resources
Fiscal Impact Statement from Department of Planning and Budget (HB2321)
Referred to Committee on Agriculture, Chesapeake and Natural Resources
Prefiled and ordered printed; Offered 01-08-2025 25104423D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0169)