24 Va. Admin. Code § 30-540-20

Current through Register Vol. 40, No. 22, June 17, 2024

Section 24VAC30-540-20 - Land for independent development

A. Residue and surplus land with the potential of independent development and with a definite market value will be offered for public sale after the land has been offered to the original former property owner at fair market value.

B. Exceptions in the best interests of the Commonwealth are when:

1. Transfer of property is included in negotiations for other land needed for right-of-way.

2. Another state agency or locality expresses a need for such property and is willing to acquire same for a consideration deemed satisfactory to the Director of Right of Way and Utilities.

24 Va. Admin. Code § 30-540-20

Derived from Virginia Register Volume 17, Issue 23, eff. June 29, 2001.

Statutory Authority

§§ 33.1-12 and 33.1-223.2:2 of the Code of Virginia.