                                 CODE OF VIRGINIA

PROPERTY INDIRECTLY OWNED BY GOVERNMENT (§ 58.1-3606.1)

Property indirectly owned by the Commonwealth or any political subdivision
thereof or by the United States shall include, but not be limited to, a
leasehold interest or other right pursuant to a concession, as defined in §
33.2-1800, in a transportation facility and real property acquired or
constructed for the development and/or operation of the qualifying
transportation facility when (i) the qualifying transportation facility is
owned, or title to it is held, by the Commonwealth or any political subdivision
thereof or by the United States and is being developed and/or operated pursuant
to a concession under the Public-Private Transportation Act of 1995 (§
33.2-1800 et seq.) or similar federal law and (ii) the property or leasehold
interest is required to be dedicated to the Commonwealth, its political
subdivision, or the United States upon the termination of the concession.

HISTORY: 2006, c. 922.