                                 CODE OF VIRGINIA

EXEMPTION FROM TAXES OR ASSESSMENTS (§ 15.2-7510)

The land bank entity is hereby declared to be performing a public function on
behalf of the locality with respect to which the land bank entity is created and
to be a public instrumentality of such locality. Accordingly, the land bank
entity shall not be required to pay any taxes upon any property acquired or used
by the land bank entity under the provisions of the Act.

HISTORY: 2016, cc. 159, 383.