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1997 SESSION

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977364297
HOUSE BILL NO. 1686 FLOOR AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by Delegate Hull on February 1, 1997) (Patron Prior to Substitute--Delegate Hull) A BILL to amend Chapter 323 of the Acts of Assembly of 1950, which provided a charter for the City of Falls Church, by adding a chapter numbered 19A, containing sections numbered 19A.01 through 19A.03, relating to economic development.

Be it enacted by the General Assembly of Virginia:

1. That Chapter 323 of the Acts of Assembly of 1950 is amended by adding a chapter numbered 19A, containing sections numbered 19A.01 through 19A.03, as follows:

CHAPTER 19A. ECONOMIC DEVELOPMENT.

§ 19A.01. Industrial Development Authority.

The Industrial Development Authority of the City of Falls Church, Virginia, shall be continued in full force and effect, and nothing in this charter shall in any way limit, change, or modify any existing obligations, agreements or contractual arrangements of such authority.

§ 19A.02. Economic Development Authority.

The City of Falls Church Economic Development Authority shall be continued in full force and effect, and nothing in this charter shall in any way limit, change, or modify any existing obligations, agreements or contractual arrangements of such authority.

§ 19A.03. Powers, etc.

The Industrial Development Authority of Falls Church, Virginia, and the Falls Church Economic Development Authority shall have all powers, authority and obligations as are provided by state law and such other duties assigned by the city council not inconsistent therewith.