33.1-140 - Sale or lease of properties acquired. - Virginia Statutes

§ 33.1-140. Sale or lease of properties acquired.

The Commissioner may sell or otherwise dispose of any improvements on landsacquired under the terms of this chapter, or lease such land and improvementsuntil such time as the land is needed for immediate highway constructionpurposes. Any residue parcels of lands so acquired which are found to beunnecessary for highway purposes may be sold or otherwise disposed of by theCommissioner.

All revenues received from the rental or disposition of such land andimprovements shall be deposited in the Highway Right-of-Way Fund.

(Code 1950, § 33-75.8; 1964, c. 263; 1970, c. 322.)