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73 chapters · 2,280 sections in this title.
Va. Code Ann. § 15.2-7500 Definitions
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As used in this chapter, unless the context requires a different meaning: "Act" means this chapter, the Land Bank Entities Act (§ 15.2-7500 et seq.). "Authority" means any political subdivision, a body politic and corporate, created, organized, and operated pursuant to the provis…
Va. Code Ann. § 15.2-7501 Creation of land bank entities by localities
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A. Subject to a public hearing held pursuant to § 15.2-7502, a locality may by ordinance, or two or more localities may by concurrent ordinances, create a land bank entity as either an authority or a corporation, under an appropriate name and title, for the purpose of assisting t…
Va. Code Ann. § 15.2-7502 Public hearing required prior to creation or designation of a land bank entity
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The governing body of a locality shall not adopt an ordinance creating a land bank entity pursuant to § 15.2-7501 or designating a planning district commission or an existing nonprofit entity pursuant to § 15.2-7512 until notice of intention to do so has been published twice in s…
Va. Code Ann. § 15.2-7503 Board of directors; qualifications; terms; vacancies; compensation and expenses
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A. Each land bank entity created pursuant to the Act shall be governed by a board of not less than five members appointed by the governing body of the participating locality. When a land bank entity is created by two or more localities, the governing body of each locality shall a…