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