The Board and Chancellor of the Virginia Community College System, with the approval of the Governor as otherwise provided by law, are hereby authorized to accept, at no cost to the Commonwealth, certain real property, described generally as 3.5 acres, more or less, situated on Chatham Avenue in the City of Danville, said conveyance being for the beneficial purpose of erecting improvements associated with a Child Development Center. Prior to acceptance of said property, assurances satisfactory to the Virginia Community College System and the Governor shall be made indicating that the property is free from hazardous materials and conditions.