CODE OF VIRGINIA

(REPEALED EFFECTIVE OCTOBER 1, 2016) SALE OR LEASE OF INTEREST IN REAL PROPERTY
GRANTED BY PURCHASE, DEED OR GIFT; GRANTING OF EASEMENTS (§ 23-4.1)

The boards of visitors or trustees of all State educational institutions, with
the approval of the Governor first obtained, are hereby authorized to lease or
sell and convey whatever interest they may have in real property that has been
or may hereafter be acquired by purchase, will or deed of gift.The proceeds from
such leases, sales and conveyances shall be held, used and administered in the
same manner as all other gifts and bequests are held, used and
administered.Nothing in this section shall be construed as authorizing or
empowering the lease, or sale and conveyance of such real property contrary to
the terms and conditions of the will or deed of gift.Such boards of visitors or
trustees are authorized to grant easements for roads, streets, sewers,
waterlines, electric and other utility lines or other purposes on any property
now owned or hereafter acquired by such boards of visitors or trustees, when, in
the discretion of such visitors or trustees it is deemed proper to grant such
easements.

HISTORY: 1954, c. 92; 1966, c. 313; 1970, c. 166.