Chapter 75 Land Bank Entities Act

This chapter is comprised of the following sections:
  • §15.2-7500 Definitions
  • §15.2-7501 Creation of land bank entities by localities
  • §15.2-7502 Public hearing required prior to creation or designation of a land bank entity
  • §15.2-7503 Board of directors; qualifications; terms; vacancies; compensation and expenses
  • §15.2-7504 Executive director; staff
  • §15.2-7505 Financial interests of board members and employees prohibited
  • §15.2-7506 Powers of land bank entity
  • §15.2-7507 Acquisition of property
  • §15.2-7508 Disposition of property
  • §15.2-7509 Financing of operations
  • §15.2-7510 Exemption from taxes or assessments
  • §15.2-7511 Dissolution of land bank entity
  • §15.2-7512 Designation of planning district commission or existing nonprofit entities to carry out the functions of a land bank entity