Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 24. Transportation and Motor Vehicles |
Agency 30. Department of Transportation |
Chapter 540. Conveyance of Land and Disposal of Improvements |
Section 20. Land for independent development
Latest version.
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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.
Historical Notes
Derived from Volume 17, Issue 23, eff. June 29, 2001.
Statutory Authority
§ 33.2-210 of the Code of Virginia.