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1997 SESSION

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SB 1019 Regional Industrial Facilities Act.

Introduced by: Malfourd W. Trumbo | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Regional Industrial Facilities Act. Authorizes the creation of regional industrial facilities authorities which may own and operate industrial parks. Such authorities may be comprised of three or more of certain specified localities in and around Planning Districts 4 and 5. Member localities may make loans or grants to the authority and may direct that all machinery and tools tax revenue with respect to machinery and tools located in the industrial park be remitted to the authority.


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