CODE OF VIRGINIA

AGREEMENT REQUIRED (§ 15.2-3701)

Before initiating proceedings pursuant to this chapter, a town council shall
enter into an agreement with the board of supervisors of the county or counties
within which the town is located. The agreement shall provide for the transfer
to the county or counties of all of the revenues the town receives, the services
it performs, its facilities, including real and personal property, and other
assets, including all debts due to the town, and for the assumption by the
county or counties of all of the town’s indebtedness, bonded and
otherwise.The agreement required by this section may be an agreement between the
governing body of the town and the governing bodies of two or more counties or
cities, in one or more of which the town is located, which are parties to a
consolidation agreement under Chapter 35 (§ 15.2-3500 et seq.) of this title
and may provide that the agreement shall be binding on the consolidated
jurisdiction upon the effective date of consolidation.

HISTORY: 1992, c. 453, § 15.1-965.29; 1997, c. 587.