15.2-6300.1 - Declaration of policy for authorities created by a locality. - Virginia Statutes

§ 15.2-6300.1. Declaration of policy for authorities created by a locality.

It is further found and declared that: It being the policy of the federalgovernment to promote the development of federal employee housing, includingmilitary housing, office buildings and other infrastructure throughpartnerships with private and governmental entities, the purpose of suchtransactions being to help the federal government get needed infrastructurein place more quickly, and to increase the value of its installations, thecreation and operation of the authorities by a locality and the granting tosuch an authority of the powers set forth under this chapter are necessaryfor the public welfare, to enable more efficient cooperation with the federalgovernment, and to increase the value of federal installations in theCommonwealth.

(2005, cc. 869, 887.)