Land Bank Entities Act

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This is Chapter 75 of the Code of Virginia, titled “Land Bank Entities Act.” It is part of Subtitle IV “Other Governmental Entities”, which is part of Title 15.2 “Counties, Cities and Towns”.

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 planning district commission or existing nonprofit entities to carry out the functions of a land bank entity