Code of VirginiaTitle 15.2. Counties, Cities and Towns12/19/2018 Chapter 75. Land Bank Entities ActRead Chapter § 15.2-7500Definitions § 15.2-7501Creation of land bank entities by localities § 15.2-7502Public hearing required prior to creation or designation of a land bank entity § 15.2-7503Board of directors; qualifications; terms; vacancies; compensation and expenses § 15.2-7504Executive director; staff § 15.2-7505Financial interests of board members and employees prohibited § 15.2-7506Powers of land bank entity § 15.2-7507Acquisition of property § 15.2-7508Disposition of property § 15.2-7509Financing of operations § 15.2-7510Exemption from taxes or assessments § 15.2-7511Dissolution of land bank entity § 15.2-7512Designation of existing nonprofit entities to carry out the functions of a land bank entity