Virginia § 15.2-7512 Designation of planning district commission or existing nonprofit entities to carry out the functions of a land bank entity

Virginia Statutes

§ 15.2-7512 — Designation of planning district commission or existing nonprofit entities to carry out the functions of a land bank entity

Virginia § 15.2-7512

Title 15.2Counties, Cities and Towns

Subtitle IVOther Governmental Entities

Ch. 75Land Bank Entities Act

This text of Virginia § 15.2-7512 (Designation of planning district commission or existing nonprofit entities to carry out the functions of a land bank entity) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 15.2-7512 (2026).

Text

A.Subject to a public hearing held pursuant to § 15.2-7502, a locality may by ordinance designate a planning district commission or an existing nonprofit entity and its governing board to carry out the functions of a land bank entity. The ordinance shall include a finding by the locality that the governance structure, articles of incorporation, charters, bylaws, and other corporate documents are sufficient to authorize the designated existing nonprofit entity to carry out the provisions of the Act.

B.A planning district commission or an existing nonprofit entity designated pursuant to this section shall not be required to comply with the provisions of § 15.2-7503.

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A. Subject to a public hearing held pursuant to § 15.2-7502, a locality may by ordinance designate a planning district commission or an existing nonprofit entity and its governing board to carry out the functions of a land bank entity. The ordinance shall include a finding by the locality that the governance structure, articles of incorporation, charters, bylaws, and other corporate documents are sufficient to authorize the designated existing nonprofit entity to carry out the provisions of the Act.

B. A planning district commission or an existing nonprofit entity designated pursuant to this section shall not be required to comply with the provisions of § 15.2-7503.