SB 796: Virginia Recreational Facilities Authority; authority to dissolve, disposition of property.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Virginia Recreational Facilities Authority; authority to dissolve. Provides that the board of directors of the Virginia Recreational Facilities Authority may by resolution divest itself of property owned by the Authority and may transfer all such property to a locality. The bill provides that whenever the board of the Authority determines by resolution that the purposes for which the Authority was formed have been substantially complied with and all property of the Authority has been transferred and all bonds therefor issued and all obligations incurred by the Authority have been fully paid or adequate provisions have been made for the payment, the board may dissolve itself upon a majority vote of the board. The bill also provides that if the Authority ceases to operate or is dissolved, the title to its real property will transfer to the locality in which the majority of such property is located. Under current law, the property would transfer to the Commonwealth. This bill is identical to HB 2321.

Sponsors

Sponsors by party (alphabetical): Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 19, 2025Acts of Assembly Chapter text (CHAP0176)
2. March 19, 2025Approved by Governor-Chapter 176 (Effective 07/01/25)
3. March 5, 2025Governor's Action Deadline 11:59 p.m., March 24, 2025
4. March 5, 2025Enrolled Bill Communicated to Governor on March 5, 2025
5. February 24, 2025Signed by President
6. February 21, 2025Signed by Speaker
7. February 21, 2025Fiscal Impact Statement from Department of Planning and Budget (SB796)
8. February 21, 2025Bill text as passed Senate and House (SB796ER)
9. February 21, 2025Enrolled
10. February 18, 2025House Amendments agreed to by Senate (40-Y 0-N)
11. February 17, 2025Passed House with amendments (96-Y 0-N)
12. February 17, 2025Reconsideration of House passage agreed to by House

Showing 12 most recent of 32 actions. Full history