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2020 SESSION

20104923D
SENATE BILL NO. 1000
Offered January 16, 2020
A BILL to amend the Code of Virginia by adding a section numbered 15.2-4905.1, relating to industrial development authorities; appropriations.
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Patron-- Chase
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Referred to Committee on Local Government
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Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 15.2-4905.1 as follows:

§ 15.2-4905.1. Appropriations by a locality to an authority.

Prior to making any appropriation for funds to an authority, the governing body of a locality shall hold a public hearing with opportunity for public comment on the proposed appropriation.