53.1-95.9 - Acquisition of interests in land. - Virginia Statutes

§ 53.1-95.9. Acquisition of interests in land.

An authority created pursuant to this article is hereby authorized andempowered to acquire by gift or by lease or purchase solely from fundsprovided under the provisions of this article such lands, structures,property, rights, rights-of-way, franchises, easements, and other interestsin lands as it may deem necessary or convenient for the construction andoperation of the project upon such terms and at such prices as may beconsidered by it to be reasonable and can be agreed upon between it and theowner thereof.

All public agencies and the commissions of the Commonwealth, with theapproval of the Governor, are hereby authorized and empowered to lease, lend,grant, or convey to an authority created pursuant to this article at itsrequest, upon such terms and conditions as may be mutually agreed upon,without the necessity for any advertisement, order of court, or other actionor formality, any real property which may be necessary or convenient to theeffectuation of the authorized purposes of the authority, including realproperty already devoted to public use.

Title to any property acquired by an authority created pursuant to thisarticle shall be taken in the name of the authority.

(1990, c. 837.)