Land Bank Entities Act
This is Chapter 75 of the Code of Virginia, titled “Land Bank Entities Act.” It is part of Title 15.2, titled “Counties, Cities And Towns.” It is part of Subtitle IV, titled “Other Governmental Entities.” It’s comprised of the following 13 sections.
- § 15.2-7500
- Definitions
- § 15.2-7501
- Creation of land bank entities by localities
- § 15.2-7502
- Public hearing required prior to creation or designation of a land bank entity
- § 15.2-7503
- Board of directors; qualifications; terms; vacancies; compensation and expenses
- § 15.2-7504
- Executive director; staff
- § 15.2-7505
- Financial interests of board members and employees prohibited
- § 15.2-7506
- Powers of land bank entity
- § 15.2-7507
- Acquisition of property
- § 15.2-7508
- Disposition of property
- § 15.2-7509
- Financing of operations
- § 15.2-7510
- Exemption from taxes or assessments
- § 15.2-7511
- Dissolution of land bank entity
- § 15.2-7512
- Designation of existing nonprofit entities to carry out the functions of a land bank entity