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2002 SESSION

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HB 1370 University of Virginia's College at Wise; property transfer.

Introduced by: Terry G. Kilgore | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Authority to transfer certain property of the University of Virginia's College at Wise. Grants the Rector and the Board of Visitors of the University of Virginia the authority to transfer to the University of Virginia Real Estate Foundation no more than 20 acres of property located in the Town of Wise that have been previously given to the University of Virginia's College at Wise. Such property transfer will (i) only be used for residential or commercial development focused primarily on student- and College-centered endeavors, and (ii) be subject to and conditioned upon the approval of a rezoning application by the Town of Wise that is suitable for the proposed development. This measure is identical to SB 270.

SUMMARY AS INTRODUCED:

University of Virginia's College at Wise; property transfer. Authorizes the University of Virginia's College at Wise, through the rector and visitors of the University of Virginia, and contingent upon the rezoning of such property for such development uses, to transfer up to 20 acres of real property, gifted to the College at Wise before July 1, 2003, and located in the County of Wise, to the University of Virginia Real Estate Foundation for the development of residential or commercial activities that primarily focus on student or College-related activities, as agreed to by the division, the rector and board of visitors, and the Foundation.