                                 CODE OF VIRGINIA

DESIGNATION OF PLANNING DISTRICT COMMISSION OR EXISTING NONPROFIT ENTITIES TO
CARRY OUT THE FUNCTIONS OF A LAND BANK ENTITY (§ 15.2-7512)

A. Subject to a public hearing held pursuant to &#xA7; 15.2-7502, a locality may
by ordinance designate a planning district commission or an existing nonprofit
entity and its governing board to carry out the functions of a land bank entity.
The ordinance shall include a finding by the locality that the governance
structure, articles of incorporation, charters, bylaws, and other corporate
documents are sufficient to authorize the designated existing nonprofit entity
to carry out the provisions of the Act.

B. A planning district commission or an existing nonprofit entity designated
pursuant to this section shall not be required to comply with the provisions of
&#xA7; 15.2-7503.

HISTORY: 2016, cc. 159, 383; 2020, c. 147.