                                 CODE OF VIRGINIA

LEASE OF STATE MILITARY RESERVATION PROPERTY (§ 2.2-1150.3)

A. Subject to the provisions of subsection B of &#xA7; 2.2-1150, the Department
of Military Affairs may convey a leasehold interest in any portion of State
Military Reservation property to governmental or private entities when it is
deemed by the Adjutant General to be in the Department of Military
Affairs&#8217; best interest to (i) provide necessary services such as lodging,
training capabilities, or logistical utility services that support the
Department&#8217;s mission or (ii) maintain a peripheral buffer with compatible
uses, including ground parking leases.

B. Subject to the provisions of subsection B of &#xA7; 2.2-1150, the term of any
leasehold interest in any portion of State Military Reservation property shall
not exceed 50 years; however, any agreement may be extended upon the written
recommendation of the Governor and the approval of the General Assembly. In the
event that the Department of Military Affairs enters into any written agreement
with a private individual, firm, corporation, or other entity to lease property
in the possession or control of the Department pursuant to this subsection,
neither the real property that is the subject of the lease nor any improvements
or personal property located on the real property that is the subject of the
lease shall be subject to taxation by any local government authority pursuant to
&#xA7; 58.1-3203, provided that the real property, improvements, or personal
property is used for a purpose consistent with or supporting the
Department&#8217;s mission.

HISTORY: 2020, c. 834.