VA HB674 | 2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on February 26 2018 - 100% progression
Action: 2018-02-26 - Governor: Acts of Assembly Chapter text (CHAP0033)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on February 26 2018 - 100% progression
Action: 2018-02-26 - Governor: Acts of Assembly Chapter text (CHAP0033)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Real Estate Time-Share Act; Common Interest Community Board; developer may obtain surety bond or letter of credit. Provides that in lieu of escrowing deposits made in connection with the purchase or reservation of a time-share product a developer may obtain a corporate surety bond or letter of credit with the Common Interest Community Board where the time-share project consists of more than 25 units. Currently, the developer is required to escrow the individual deposits for every purchase and file with the Board a bond or letter of credit or cash for the purpose of protecting all deposits. This bill is identical to SB 443.
Title
Common Interest Community Board; developer may obtain surety bond or letter of credit.
Sponsors
| Del. Glenn Davis [R] |
Roll Calls
2018-02-15 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-12 - Senate - Senate: Reported from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-05 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2018-01-30 - House - House: Reported from General Laws (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2018-01-25 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 1 Abs: 0) [PASS]
2018-02-14 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-12 - Senate - Senate: Reported from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-05 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2018-01-30 - House - House: Reported from General Laws (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2018-01-25 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-26 | Governor: Acts of Assembly Chapter text (CHAP0033) | |
| 2018-02-26 | Governor: Approved by Governor-Chapter 33 (effective 7/1/18) | |
| 2018-02-22 | Governor: Governor's Action Deadline Midnight, March 1, 2018 | |
| 2018-02-22 | House | Enrolled Bill communicated to Governor on 2/22/18 |
| 2018-02-21 | Senate | Signed by President |
| 2018-02-19 | House | Signed by Speaker |
| 2018-02-19 | House | Bill text as passed House and Senate (HB674ER) |
| 2018-02-19 | House | Enrolled |
| 2018-02-15 | Senate | Passed Senate (40-Y 0-N) |
| 2018-02-15 | Senate | Read third time |
| 2018-02-14 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2018-02-12 | Senate | Reported from General Laws and Technology (14-Y 0-N) |
| 2018-02-06 | Senate | Referred to Committee on General Laws and Technology |
| 2018-02-06 | Senate | Constitutional reading dispensed |
| 2018-02-05 | House | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) |
| 2018-02-05 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2018-02-02 | House | Read second time and engrossed |
| 2018-02-01 | House | Read first time |
| 2018-01-30 | House | Reported from General Laws (22-Y 0-N) |
| 2018-01-25 | House | Subcommittee recommends reporting (8-Y 0-N) |
| 2018-01-19 | House | Assigned GL sub: Subcommittee #2 |
| 2018-01-09 | House | Referred to Committee on General Laws |
| 2018-01-09 | House | Prefiled and ordered printed; offered 01/10/18 18104470D |
