HB1142: Recreational Facilities Authority; delays reversion of title to real property.


HOUSE BILL NO. 1142
House Amendments in [ ] – February 8, 2008
A BILL to delay the reversion of property owned by the Virginia Recreational Facilities Authority.
Patron Prior to Engrossment--Delegate Fralin

Referred to Committee on Agriculture, Chesapeake and Natural Resources

Be it enacted by the General Assembly of Virginia:

1.  That the provisions in § 10.1-1618 of the Code of Virginia requiring a reversion of title to real property from the Virginia Recreational Facilities Authority to the Commonwealth, in the event that the Authority ceases to operate a project, shall not be enforceable until [ January July ] 1, 2009.

2. That an emergency exists and this act is in force from its passage.

HOUSE BILL NO. 1142
Offered January 9, 2008
Prefiled January 9, 2008
A BILL to delay the reversion of property owned by the Virginia Recreational Facilities Authority.
Patron-- Fralin

Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1.  That the provisions in § 10.1-1618 of the Code of Virginia requiring a reversion of title to real property from the Virginia Recreational Facilities Authority to the Commonwealth, in the event that the Authority ceases to operate a project, shall not be enforceable until January 1, 2009.

2. That an emergency exists and this act is in force from its passage.