VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2013 SESSION

• history | hilite | pdf | print version

13103567D
HOUSE BILL NO. 1896 Offered January 9, 2013 Prefiled January 8, 2013 A BILL to amend and reenact § 62.1-132.19 of the Code of Virginia, relating to change in ownership of or concession affecting any Virginia port. ---------- Patron-- Carr ---------- Referred to Committee on Transportation ----------

Be it enacted by the General Assembly of Virginia:

1.  That § 62.1-132.19 of the Code of Virginia is amended and reenacted as follows:

§ 62.1-132.19. Acquisition and lease of property.

A. The Authority is empowered to rent, lease, buy, own, acquire, construct, reconstruct, and, except as provided in subsection D, dispose of harbors, seaports, port facilities, and such property, whether real or personal, as it may find necessary or convenient and issue revenue bonds therefor without pledging the faith and credit of the Commonwealth.

B. The Authority may lease to another such part or all of its real or personal property for such period and upon such terms and conditions as the Authority may determine.

C. The Authority shall neither expend funds nor incur any indebtedness for any improvement, repair, maintenance, or addition to any real or personal property owned by anyone other than the Authority, the Commonwealth, or a political subdivision of the Commonwealth, unless either (i) the use of such property is guaranteed to the Authority or the Commonwealth by a lease extending beyond the useful life of the improvement, repair, maintenance, addition, or new facility, or (ii) such expenditure or indebtedness is approved in writing by the Governor.

D. Neither the Commonwealth nor the Authority shall enter into any contract or other transaction, or series of contracts or transactions, affecting (i) a change in ownership of any Virginia Port Authority seaport or (ii) a lease, pledge, assignment, concession, or other hypothecation of any interest in any Authority seaport or any material component thereof, without the prior consent of both the Governor and the General Assembly.

2.  That the Governor shall notify the General Assembly of any unsolicited bid received by the Commonwealth or the Virginia Port Authority to enter into any contract or other transaction, or series of contracts or transactions, affecting (i) a change in ownership of any Virginia Port Authority seaport or (ii) a lease, pledge, assignment, concession, or other hypothecation of any interest in any Virginia Port Authority seaport or any material component thereof, within 30 days of receiving any such bid.