                                 CODE OF VIRGINIA

CONVEYANCE, LEASE OR TRANSFERS OF PROPERTY BY CITY TO AUTHORITY (§ 15.2-5320)

In order to provide for the construction, reconstruction, improvement, repair or
management of any hospital or hospital project or in order to accomplish any of
the purposes of this chapter, any city may, with or without consideration or for
a nominal consideration, lease, sell, convey or otherwise transfer to an
authority, within such city, any real, personal or mixed property including, but
not limited to, any existing hospital or hospital project as a going concern or
otherwise, and including the assignment and transfer of any part of or all
money, choses in action and other assets used or held for the use of such
hospital or hospital project. In connection with any such transaction the
authority involved may accept such lease, transfer, assignment and conveyance
and bind itself to the performance and observance of any agreements and
conditions attached thereto.

HISTORY: Code 1950, § 32-234; 1979, c. 719, § 15.1-1553; 1997, c. 587.