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2009 SESSION

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HB 2641 Regional Industrial Facilities Act; allows locality to withdraw from such authority.

Introduced by: William H. Fralin, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Regional Industrial Facilities Act. Allows a locality to withdraw from such authority upon a resolution adopted by the governing body of a member locality and after satisfaction of such member locality's legal obligations, including repayment of its portion of any debt incurred, or after making contractual provisions for the repayment of its portion of any debt incurred.


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