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2005 SESSION

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HB 1943 Staunton Correctional Center; Governor to sell and convey.

Introduced by: Christopher B. Saxman | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Property conveyance; former Staunton Correctional Center.  Authorizes the Governor to convey the former Staunton Correctional Center to the Staunton Industrial Authority without consideration.  This bill is identical to SB 1015</p>

SUMMARY AS INTRODUCED:

Property conveyance; former Staunton Correctional Center.  Authorizes the Governor to convey the former Staunton Correctional Center, to the Staunton Industrial Authority provided that the Staunton Industrial Authority agrees to market the property to a developer who, within five years, would pay to the Authority the fair market value of the property, or begin paying to the Authority the fair market long-term rental payments for the property. The Authority would pay to the Commonwealth all amounts it receives from the developer, less its reasonable and necessary costs.