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I am in favor of this bill which grants the Virginia Recreational Facilities Authority (VRFA) the authority to dissolve itself under certain conditions. Local Control: By allowing the VRFA to transfer its property to local governments upon dissolution, this bill ensures that control of recreational facilities and associated lands remains with local entities, who are better positioned to understand and cater to community needs. Efficient Asset Management: This legislation promotes efficient management of assets by enabling the VRFA to divest when its objectives are met, ensuring that properties are not left idle or underutilized, which could happen if they automatically reverted to the Commonwealth. Community Benefit: Transferring property to the locality where the majority of the VRFA's assets are located directly benefits local residents by keeping recreational facilities accessible and potentially enhancing local recreational offerings. Financial Responsibility: The requirement that all bonds and obligations must be settled or provisions made for their payment before dissolution ensures financial responsibility, protecting taxpayers from any residual liabilities. Streamlined Process: The process outlined for dissolution, including the requirement to deliver a resolution to the Governor for legislative action, provides a clear and structured method for ending the Authority's operations, reducing potential legal or administrative confusion. Flexibility for Future Use: Allowing localities to take over the property gives them the flexibility to repurpose or maintain these facilities according to current and future community demands, fostering adaptive reuse. Accountability: The dissolution process, requiring a formal resolution and legislative review, adds a layer of accountability, ensuring that the decision to dissolve is well-considered and in the public interest. Precedent for Other Authorities: This bill sets a positive precedent for other state authorities, demonstrating a mechanism for orderly dissolution when their purposes are fulfilled, which could be beneficial for future governance models. I strongly support this legislation for its focus on local governance, efficient asset management, community benefit, financial prudence, and for providing a clear, accountable process for the dissolution of state authorities when their mission is accomplished.