                                 CODE OF VIRGINIA

AUTHORITY TO TERMINATE ELECTIONS (§ 60.2-503)

If any nonprofit organization is delinquent in making payments in lieu of taxes
as required under subsection C of § 60.2-501, the Commission may terminate such
organization&#8217;s election to make payments in lieu of taxes as of the
beginning of the next taxable year, and such termination shall be effective for
that and the next taxable year.

HISTORY: 1974, c. 466, § 60.1-89; 1981, cc. 248, 252; 1986, c. 480.