Virginia House Bill 268 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Passed on March 11 2016 - 100% progression
Action: 2016-03-11 - Governor: Acts of Assembly Chapter text reprinted (CHAP0383)
Text: Latest bill text (Chaptered) [HTML]

Land Bank Entities Act. Authorizes the establishment of a land bank entity by any locality or two or more localities combined to assist in addressing vacant, abandoned, and tax-delinquent real properties. Under the bill, the locality has the option of (i) creating an authority or a nonprofit, nonstock corporation or (ii) designating an existing nonprofit entity that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code and eligible to receive donations from a locality pursuant to § 15.2-953 to carry out the functions of such land entity. The bill provides that land bank entities may acquire real property within participating localities or receive transfers and conveyances from the participating localities. Land bank entities are authorized to receive funding through grants and loans from participating localities, the Commonwealth, the federal government, and other public and private sources. In addition, the bill authorizes a locality to deem paid in full all accumulated taxes, penalties, interest, and other costs on any tax-delinquent property in exchange for conveyance of the property by the owner to a land bank entity. The bill also authorizes a participating locality to remit to the land bank entity up to 50 percent of the real property taxes collected on real property conveyed by a land bank entity for up to 10 years after the conveyance. This bill is a recommendation of the Virginia Housing Commission.

Land Bank Entities Act; established.

Del. Daniel Marshall [R]	Del. Betsy Carr [D]	Sen. Jennifer McClellan [D]	Del. Marcia Price [D]
Del. Jeion Ward [D]

2016-02-26 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-25 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-24 - Senate - Senate: Reported from Finance (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - House - House: VOTE: PASSAGE (80-Y 19-N) (Y: 82 N: 20 NV: 1 Abs: 0) [PASS]
2016-02-05 - House - House: Reported from Counties, Cities and Towns with amendments (21-Y 1-N) (Y: 22 N: 1 NV: 0 Abs: 0) [PASS]
2016-02-03 - House - House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N) (Y: 7 N: 0 NV: 3 Abs: 0) [PASS]

Date	Chamber	Action
2016-03-11		Governor: Acts of Assembly Chapter text reprinted (CHAP0383)
2016-03-11		Governor: Acts of Assembly Chapter text (CHAP0383)
2016-03-11		Governor: Approved by Governor-Chapter 383 (effective 7/1/16)
2016-03-07		Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
2016-03-07	House	Enrolled Bill communicated to Governor on 3/7/2016
2016-03-04	Senate	Signed by President
2016-03-03	House	Signed by Speaker
2016-03-03	House	Bill text as passed House and Senate reprinted (HB268ER)
2016-03-01	House	Bill text as passed House and Senate (HB268ER)
2016-03-01	House	Enrolled
2016-02-26	Senate	Passed Senate (39-Y 0-N)
2016-02-26	Senate	Read third time
2016-02-25	Senate	Constitutional reading dispensed (40-Y 0-N)
2016-02-24	Senate	Reported from Finance (14-Y 0-N)
2016-02-11	Senate	Referred to Committee on Finance
2016-02-11	Senate	Constitutional reading dispensed
2016-02-10	House	VOTE: PASSAGE (80-Y 19-N)
2016-02-10	House	Read third time and passed House (80-Y 19-N)
2016-02-09	House	Printed as engrossed 16103273D-E
2016-02-09	House	Engrossed by House as amended HB268E
2016-02-09	House	Committee amendments agreed to
2016-02-09	House	Read second time
2016-02-08	House	Read first time
2016-02-05	House	Reported from Counties, Cities and Towns with amendments (21-Y 1-N)
2016-02-03	House	Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
2016-01-18	House	Assigned CC & T sub: Subcommittee #2
2015-12-31	House	Referred to Committee on Counties, Cities and Towns
2015-12-31	House	Prefiled and ordered printed; offered 01/13/16 16103273D

SB414 (Same As) 2016-03-01 - Governor: Acts of Assembly Chapter text (CHAP0159)

Chapter	Article	Section	Citation Type	Statute Text
15	2	7500	(n/a)	See Bill Text
15	2	7512	(n/a)	See Bill Text
58	1	3970.2	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+HB268
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB268+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB268E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+HB268ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0384+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0383+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H0702V0010+HB0268
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H07V0024+HB0268
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0402+HB0268
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0205+HB0268
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0636HB0268+HB0268
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0660HB0268+HB0268