Bill Text: VA HB1107 | 2010 | Regular Session | Chaptered

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Bill Title: Surplus property; proceeds from sale or lease of State Police communication towers or sites.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-04-08 - Governor: Acts of Assembly Chapter text (CHAP0286) [HB1107 Detail]

Download: Virginia-2010-HB1107-Chaptered.html

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CHAPTER 286 An Act to amend and reenact § 2.2-1150.1 of the Code of Virginia, relating to proceeds from sale or lease of State Police communication towers or sites. [H 1107] Approved April 8, 2010

 

Be it enacted by the General Assembly of Virginia:

1. That §2.2-1150.1 of the Code of Virginia is amended and reenacted as follows:

§2.2-1150.1. Lease or conveyance of any interest in State Police communication tower.

In-kind Proceeds and any in-kind goods or services received from lease agreements all sales or leases or conveyances of any interest in Department of State Police communication towers received pursuant to §§2.2-1150.2 and, 2.2-1151, and 2.2-1156, above the costs of the transaction, shall be retained by the department pursuant to §2.2-1150 and used in the operation, acquisition, maintenance, construction or replacement of communication towers and systems of the department. The provisions of §2.2-1156 as they apply to lease agreements or conveyances of any interest shall not apply to any transaction undertaken pursuant to this section deposited into a special account of the Department of State Police to be used to operate, acquire, construct, maintain, repair, or replace communication towers or sites.