HB774: Va. Recreational Facilities Authority & Roanoke County; delays reversion of title to real property.
Be it enacted by the General Assembly of Virginia:
1. That § 1 of Chapter 655 of the Acts of Assembly of 2008, as amended by Chapter 739 of the Acts of Assembly of 2009, is amended and reenacted as follows:
§ 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 July 1, 2010 2011.