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2003 SESSION

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SB 973 Virginia Regional Industrial Facilities Act.

Introduced by: Malfourd W. Trumbo | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Virginia Regional Industrial Facilities Act. Redefines "facility" to include any structure or park, including real estate and improvements for manufacturing, warehousing, distribution, office, or other industrial or commercial purposes. Currently, the Act limits "facility" to industrial parks used for these purposes. The bill also grants such authorities the power to enter into certain cooperative arrangements.

SUMMARY AS PASSED SENATE:

Virginia Regional Industrial Facilities Act. Redefines "facility" to include any structure or park, including real estate and improvements for manufacturing, warehousing, distribution, office, or other industrial or commercial purposes. Currently, the Act limits "facility" to industrial parks used for these purposes. The bill also grants such authorities the power to enter into certain cooperative arrangements.

SUMMARY AS INTRODUCED:

Virginia Regional Industrial Facilities Act. Amends the Act to include commercial enterprises and the authority to enter into public-private partnerships.