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1998 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 15.2-1802 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-1802. Authority of towns to acquire, lease or sell land for development of business and industry.
A locality town may acquire pursuant to § 15.2-1800,
but not by condemnation, land within its boundaries for the development
thereon of business and industry. Towns may also acquire such land
or within three miles outside their its
boundaries, for the development thereon of business and industry. No such
land shall be acquired until the governing body has held a public hearing
concerning such proposed acquisition. Any land so acquired may be leased or
sold at public or private sale to any person, firm or corporation who will
locate thereon any business or manufacturing establishment. This section shall
constitute the authority for any locality town to
exercise the powers herein conferred notwithstanding any charter provision to
the contrary.
If any land so acquired, or any part thereof, is not sold to a person, firm or corporation who will locate thereon any business or manufacturing establishment, and such land is, in the discretion of the governing body, not required for the development thereon of business and industry, the governing body, if deemed proper by it, may dispose of the land so acquired, in whole or in part, making such limitations as to the uses thereof as it may see fit. No such land shall be disposed of until the governing body has held a public hearing concerning such proposed disposal.
2. That an emergency exists and this act is in force from its passage.