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2007 SESSION
071988276Be it enacted by the General Assembly of Virginia:
1. That § 2 of Chapter 596 of the Acts of Assembly of 2000 is amended and reenacted as follows:
§ 2. That any locality
which is a member of the Southeastern Public Service Authority of Virginia may
withdraw therefrom, whether or not there are any outstanding bonds of the
Southeastern Public Service Authority of Virginia; provided, however, that all
written obligations to the Southeastern Public Service Authority of Virginia
incurred by a locality while the locality was a member shall remain in full
force and effect following the locality's withdrawal the
locality commits to repayment of
its share of the outstanding bonds
and other instruments of financial indebtedness
as of the date of withdrawal. In no
event shall a locality that withdraws from the Southeastern Public Service Authority of Virginia be
obligated to continue depositing waste with, or paying waste disposal or
management fees, rates, or
charges to, the Southeastern Public Service Authority of
Virginia for the same or comparable services.