An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1958 |
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Law Number | 83 |
Subjects |
Law Body
CHAPTER 83
AN ACT to amend the Code of Virginia by adding a section numbered
ome: so as to require liquidation of a housing project under certain
conditions.
rac rns
Be it enacted by the General Assembly of Virginia: _
1, That the Code of Virginia be amended by adding a section numbered
36-7.1 as follows: . .
§ 36-7.1. If the governing body of any county or city determines
after a public hearing that the need for a housing project has ceased to
exist and that such project should be liquidated it shall so notify the
housing authority which shall proceed to liquidate the project following
public advertisement of the sale thereof. Provided that no bid on such
project shall be accepted which would result in a sum insufficient to meet
the outstanding obligations of the authority with respect to such project
and provided further that if the authority finds that the highest offered
price is not as much as what it considers a fair value for the property, the
authority shall notify the governing body of this fact. After such notifica-
tion no further proceedings shall be had in the liquidation of the property
except at the specific direction of the governing body.