                                 CODE OF VIRGINIA

WITHDRAWAL; DISSOLUTION (§ 62.1-69.52)

A. A locality may withdraw from the Commission one year after providing written
notice to the Commission of its intent to do so.

B. The Commission may be dissolved (i) upon three-fourths vote of its members,
(ii) if the membership falls below three-fourths of the number of localities
eligible for membership in the Commission, or (iii) by repeal or expiration of
this chapter.

C. Upon the Commission&#8217;s dissolution, all funds and assets of the
Commission, including funds received from private sources, shall be divided and
distributed on a pro rata basis to the member local governing bodies. All state
funds and assets, if any, shall be transferred to the Office of the Secretary of
Natural and Historic Resources for appropriate distribution.

HISTORY: 2004, c. 394; 2021, Sp. Sess. I, c. 401.