Virginia § 36-49.2 - Power to purchase or lease land for certain other redevelopment projects
Full text of Virginia Code of Virginia § 36-49.2 — Power to purchase or lease land for certain other redevelopment projects, with citation guidance and answers to common questions.
§ 36-49.2. Power to purchase or lease land for certain other redevelopment projects
In addition to the other powers to acquire real property by purchase or lease, an authority is specifically empowered to purchase or lease real property for immediate or future use, without the exercise of the power of eminent domain, for improvement and development for sale, lease, or sublease as industrial sites, scientific research laboratory sites, educational institution sites or sites for housing persons displaced from other lands of the authority.
1964, Ex. Sess., c. 16.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 36-49.2
What does Code of Virginia § 36-49.2 cover?
Section 36-49.2 ("Power to purchase or lease land for certain other redevelopment projects") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 36-49.2?
A common citation format is "Code of Virginia § 36-49.2" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 36-49.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.