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ACROSS SESSIONS

• Subject Index: Since 1995
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1994 SESSION

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LD7033460
HOUSE BILL NO. 1376 Offered January 25, 1994 A BILL to amend and reenact § 15.1-1646 of the Code of Virginia; to amend the Code of Virginia by adding a section numbered 15.1-1646.01; and to repeal § 15.1-1646.1, relating to eligible use of funds of the Virginia Coalfield Economic Development Authority and special projects. ---------- Patrons--Stump; Senator: Reasor ---------- Referred to Committee on Mining and Mineral Resources ----------

Be it enacted by the General Assembly of Virginia:

1. That § 15.1-1646 of the Code of Virginia is amended and reenacted and that the Code of Virginia is amended by adding a section numbered 15.1-1646.01 as follows:

§ 15.1-1646. Eligible use of funds.

The Authority is hereby empowered to make loans and grants for the benefit of qualified private, for-profit enterprises and publicgovernmental (any political subdivision of the Commonwealth) or not-for-profit enterprises, nonprofit industrial development corporations, or industrial development authorities for financing the following:

1. Purchase of real estate;

2. Grading of site(s);

3. Construction of flood control dams;

4. Water, sewer, natural gas and/or electrical line replacement and/or extensions;

5. Construction or rehabilitation or expansion of buildings;

6. Construction of parking facilities;

7. Access roads construction and street improvements;

8. Purchase or lease of machinery and tools;

9. Performing any other improvements deemed necessary by the Authority to meet its objectives; and

10. Construction of improvements at the Breaks Interstate Park as set forth in § 15.1-1646.1.

§ 15.1-1646.01. Special project.

Notwithstanding the provisions of §§ 15.1-1645, and 15.1-1646, Buchanan County may, in its discretion, use unbudgeted and unexpended funds received by the Authority from Buchanan County, pursuant to the provisions of this chapter for the purpose of constructing a scenic roadway form Lover's Gap on Virginia State Route Number 83 to Bull Gap on Virginia State Route Number 609. The Authority shall make such transfers upon its receipt of resolutions of the Buchanan County Board of Supervisors requesting the transfer of such funds to the county.

2. That § 15.1-1646.01 of the Code of Virginia shall expire on January 1, 1997.

3. That § 15.1-1646.1 of the Code of Virginia is repealed.