SEARCH SITE
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.
1999 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 58.1-3245.1 of the Code of Virginia is amended and reenacted as follows:
§ 58.1-3245.1. Blighted areas constitute public danger; promotion of economic development.
It is hereby found and declared that blighted areas exist in the Commonwealth,
and these areas impair economic values and tax revenues, and endanger the
health, safety, morals and welfare of the citizens because commercial,
residential and industrial structures are subject to dilapidation,
deterioration, inadequate ventilation, and inadequate public utilities. It is
also found to be in the public interest to promote the commerce and prosperity
of the citizens of the Commonwealth by providing public facilities, including
but not limited to, roads, water, sewers, and parks, and real estate devoted to
open-space use as that term is defined in § 58.1-3230 in development project
areas to encourage the development of such areas. Local governments should
encourage private investment in development project areas in order to enhance
the real estate tax base of such areas and, where appropriate, to eliminate
blighted conditions. It is essential to the public interest that governing
bodies have authority to finance development project costs by using real estate
tax increments to encourage private investment in development project areas.