                                 CODE OF VIRGINIA

ESTABLISHMENT OF DEVELOPMENT AUTHORITIES (§ 15.2-6302)

With regard to an authority created by the Governor, there is hereby created
with respect to every former federal area a political subdivision of the
Commonwealth, with such public and corporate powers as are set forth in this
chapter. Each such authority shall be designated as the ____________________
Development Authority (with a name chosen by the Governor descriptive of the
area in which the property is located); however, no authority shall exercise any
power or transact any business hereunder unless or until the Governor upon
receipt of a duly certified resolution of the governing body of each of the
localities within the area of operation of an authority requesting such action,
shall proclaim that a former federal area exists with respect to which an
authority should function under the terms of this chapter. Any such authority
for which such a proclamation has been issued may proceed to transact business
and to exercise its powers hereunder at any time after the selection of the
commissioners of the authority, as set forth in § 15.2-6304.
		Alternatively, the governing body of the City of Hampton may by ordinance
create a development authority for the development or redevelopment of federal
areas. The ordinance creating such an authority shall not be adopted or approved
until a public hearing has been held on the question of its adoption or
approval.
		In any suit, action or proceeding involving the validity or enforcement of or
relating to any contract of or action by the authority, the authority shall be
conclusively presumed to have been established and authorized to transact
business and exercise its powers hereunder (i) upon proof of the action of the
Governor in issuing a proclamation with reference to such authority and the
designation of its name by the Governor, which descriptive name can be altered
by the authority as may be deemed expedient, or (ii) upon the adoption and
approval of an ordinance by the City of Hampton in accordance with this section.

HISTORY: Code 1950, § 15-939; 1954, c. 645; 1962, c. 623, § 15.1-1322; 1997,
c. 587; 2003, c. 246; 2005, cc. 869, 887.