                                 CODE OF VIRGINIA

DECLARATION OF POLICY FOR AUTHORITIES CREATED BY THE GOVERNOR (§ 15.2-6300)

This legislation is enacted to provide for the acquisition by political
subdivisions of areas which have been or may hereafter be occupied as United
States government military installations and which are disposed of by the United
States government. The industrial and economic development of localities
included in or adjacent to such military installations and the tax revenues of
the Commonwealth will be seriously affected by the manner in which such areas
are returned to nonmilitary uses and to the tax rolls, no provision having been
made therefor. The proper development of such areas industrially and otherwise
is required so that local governments may derive revenues with which to render
necessary services to their citizens and so that industrial development; job
creation; and housing, recreational, commercial, educational and other economic
and social development may be fostered and stimulated to prevent the creation of
blighted areas in the Commonwealth with resultant injury to all. The creation by
this chapter and operation of authorities pursuant to this chapter are
governmental functions of the gravest concern to the Commonwealth and the need
for this enactment being a matter of legislative policy such need is hereby
declared as a matter of legislative determination.

HISTORY: Code 1950, § 15-937; 1954, c. 645; 1962, c. 623, § 15.1-1320; 1996,
c. 740; 1997, c. 587; 2005, cc. 869, 887.