VA HB1209 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0324)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 2 2024 - 100% progression
Action: 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0324)
Text: Latest bill text (Chaptered) [HTML]
Summary
Common interest communities; reserve studies; special assessment rescission or reduction. Removes certain provisions of the Property Owners' Association Act and the Virginia Condominium Act that authorize associations governed by such Acts to rescind or reduce certain assessments necessary for the maintenance and upkeep of the common area or other association responsibilities, including maintenance, repair, and replacement of capital components. The bill also authorizes such associations to borrow money for certain purposes and assign all revenues to be received by such association to its creditors. Finally, the bill defines the term "reserve study" as a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components and an analysis of association funding capacity to maintain, repair, and replace capital components. Common interest communities; reserve studies; special assessment rescission or reduction. Removes certain provisions of the Property Owners' Association Act and the Virginia Condominium Act that authorize associations governed by such Acts to rescind or reduce certain assessments necessary for the maintenance and upkeep of the common area or other association responsibilities, including maintenance, repair, and replacement of capital components. The bill also authorizes such associations to borrow money for certain purposes and assign all revenues to be received by such association to its creditors. Finally, the bill defines the term "reserve study" as a capital budget planning tool used to determine the physical status and estimated repair or replacement cost of capital components and an analysis of association funding capacity to maintain, repair, and replace capital components.
Title
Common interest communities; reserve studies, special assessment rescission or reduction.
Sponsors
Roll Calls
2024-02-21 - House - House: VOTE: Adoption (92-Y 5-N) (Y: 92 N: 5 NV: 0 Abs: 3) [PASS]
2024-02-19 - Senate - Senate: Passed Senate with amendments (31-Y 8-N) (Y: 31 N: 8 NV: 0 Abs: 1) [PASS]
2024-02-16 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-02-14 - Senate - Senate: Reported from General Laws and Technology with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-30 - House - House: Reported from General Laws with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - House - House: Subcommittee recommends reporting (7-Y 1-N) (Y: 7 N: 1 NV: 0 Abs: 0) [PASS]
2024-02-19 - Senate - Senate: Passed Senate with amendments (31-Y 8-N) (Y: 31 N: 8 NV: 0 Abs: 1) [PASS]
2024-02-16 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2024-02-14 - Senate - Senate: Reported from General Laws and Technology with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2024-01-30 - House - House: Reported from General Laws with amendment(s) (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2024-01-25 - House - House: Subcommittee recommends reporting (7-Y 1-N) (Y: 7 N: 1 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-02 | Governor: Acts of Assembly Chapter text (CHAP0324) | |
| 2024-04-02 | Governor: Approved by Governor-Chapter 324 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | House | Enrolled Bill communicated to Governor on March 11, 2024 |
| 2024-03-01 | Senate | Signed by President |
| 2024-02-27 | House | Signed by Speaker |
| 2024-02-27 | House | Bill text as passed House and Senate (HB1209ER) |
| 2024-02-27 | House | Enrolled |
| 2024-02-21 | House | VOTE: Adoption (92-Y 5-N) |
| 2024-02-21 | House | Senate amendments agreed to by House (92-Y 5-N) |
| 2024-02-19 | Senate | Passed Senate with amendments (31-Y 8-N) |
| 2024-02-19 | Senate | Engrossed by Senate as amended |
| 2024-02-19 | Senate | Committee amendments agreed to |
| 2024-02-19 | Senate | Reading of amendments waived |
| 2024-02-19 | Senate | Read third time |
| 2024-02-16 | Senate | Constitutional reading dispensed (38-Y 0-N) |
| 2024-02-14 | Senate | Reported from General Laws and Technology with amendments (15-Y 0-N) |
| 2024-02-06 | Senate | Referred to Committee on General Laws and Technology |
| 2024-02-06 | Senate | Constitutional reading dispensed |
| 2024-02-05 | House | VOTE: Block Vote Passage (98-Y 0-N) |
| 2024-02-05 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2024-02-02 | House | Printed as engrossed 24105157D-E |
| 2024-02-02 | House | Engrossed by House as amended HB1209E |
| 2024-02-02 | House | Committee amendments agreed to |
| 2024-02-02 | House | Read second time |
| 2024-02-01 | House | Read first time |
| 2024-01-30 | House | Reported from General Laws with amendment(s) (22-Y 0-N) |
| 2024-01-25 | House | Subcommittee recommends reporting (7-Y 1-N) |
| 2024-01-22 | House | Assigned GL sub: Housing/Consumer Protection |
| 2024-01-10 | House | Referred to Committee on General Laws |
| 2024-01-10 | House | Prefiled and ordered printed; offered 01/10/24 24105157D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 55 | 1 | 1800 | (n/a) | See Bill Text |
| 55 | 1 | 1825 | (n/a) | See Bill Text |
| 55 | 1 | 1826 | (n/a) | See Bill Text |
| 55 | 1 | 1900 | (n/a) | See Bill Text |
| 55 | 1 | 1964 | (n/a) | See Bill Text |
| 55 | 1 | 1965 | (n/a) | See Bill Text |
