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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74688</law_id><section_number>2.2-2286</section_number><catch_line>Power to condemn</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="2.2">Administration of Government</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Organization of State Government</unit><unit label="part" level="3" order_by="1" identifier="D">State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies</unit><unit label="chapter" level="4" order_by="1" identifier="22">Authorities</unit><unit label="article" level="5" order_by="1" identifier="7">Virginia Small Business Financing Authority</unit></structure><text>
						<section><p>The <span class="dictionary">Authority</span> may condemn property in furtherance of its purposes; provided, that any such condemnation shall be approved by the governing body of the municipality having <span class="dictionary">jurisdiction</span> over the property so condemned. Any property condemned by the <span class="dictionary">Authority</span> shall not be sold or leased by the <span class="dictionary">Authority</span> unless the <span class="dictionary">Authority</span>, preceding the consummation of any such sale or lease, finds and determines that such sale or lease is in furtherance of, or incidental to, the main purposes of the <span class="dictionary">Authority</span> under this article or that such property is no longer needed in furtherance of, or incidental to, such purposes. Any exercise of the power to condemn as authorized by this section shall be in accordance with the provisions of Chapter 2 (&#xA7;&#xA0;<a class="law" title="Chapter controls condemnation proceedings" href="/25.1-200/">25.1-200</a> et seq.) of Title 25.1.</p></section></text><history>1984, c. 749, &#xA7; 9-206; 2001, c. 844; 2003, c. 940.</history><metadata></metadata></law>
