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2010 SESSION
SB 140 Virginia ports; Governor may enter into agreement that transfers to a nongovernmental entity.
Introduced by: John C. Miller | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Virginia ports; change in ownership. Prohibits the Commonwealth, the Virginia Port Authority, any governmental entity, and any other person from selling any harbor, seaport, marine terminal, or other port facility, or inland intermodal facility owned by the Commonwealth or the Authority. Additionally, any leases, concession agreements, or similar type of agreements that transfers to a nongovernmental entity possession or control of any such harbor, seaport, marine terminal, or other port facility, or inland intermodal facility for a period longer than 20 years at a time are prohibited. Any such leases, concession agreements, or similar type of agreements under 20 years shall be approved by the Governor. The Authority is allowed to enter into a joint venture with a nongovernmental entity relating to the management or operation of its property provided certain conditions are met.
SUMMARY AS INTRODUCED:
Virginia ports; change in ownership. Requires approval of both the Governor and the General Assembly before any change in ownership of the Virginia ports is permitted.