Code of Virginia § 56-575.9:1. Interim agreement.
130 words·~1 min read·
/va/title-56/chapter-22-1/56-575-9-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Prior to or in connection with the negotiation of the comprehensive agreement, the responsible public entity may enter into an interim agreement with the private entity proposing the development or operation of the qualifying project. Such interim agreement may
(i)permit the private entity to commence activities for which it may be compensated relating to the proposed qualifying project, including, but not limited to, project planning and development, design and engineering, environmental analysis and mitigation, survey, and ascertaining the availability of financing for the proposed facility or facilities;
(ii)establish the process and timing of the negotiation of the comprehensive agreement; and
(iii)contain any other provisions related to any aspect of the development or operation of a qualifying project that the parties may deem appropriate.
2005, c. 865 .