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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 HB 2321.
Introduced
Dec 28, 2024
Last Action
Mar 19, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0176)
Approved by Governor-Chapter 176 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 5, 2025
Signed by President
Enrolled
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (SB796)
Bill text as passed Senate and House (SB796ER)
House Amendments agreed to by Senate (40-Y 0-N)
Read third time
Agriculture, Chesapeake and Natural Resources Amendments agreed to
Engrossed by House as amended
Passed House with amendments (95-Y 0-N)
Reconsideration of House passage agreed to by House
Passed House with amendments (96-Y 0-N)
Read second time
Reported from Agriculture, Chesapeake and Natural Resources with amendment(s) (22-Y 0-N)
Referred to Committee on Agriculture, Chesapeake and Natural Resources
Read first time
Placed on Calendar
Read third time and passed Senate (38-Y 0-N)
Read second time
Engrossed by Senate
Passed by for the day
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Rules suspended
Reported from Finance and Appropriations (15-Y 0-N)
Reported from Agriculture, Conservation and Natural Resources and rereferred to Finance and Appropriations (13-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB796)
Prefiled and ordered printed; Offered 01-08-2025 25101941D
Referred to Committee on Agriculture, Conservation and Natural Resources
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0176)
Christopher T. Head