VA SB92 | 2008 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 12 2008 - 100% progression
Action: 2008-03-18 - Governor: Acts of Assembly Chapter text (CHAP0607)

Summary

Charter; City of Martinsville. Provides that the City may establish a municipal trust. The principal of the trust shall be (i) all of the proceeds of the sale of any City asset owned by the City that generates between $10 million and $20 million, (ii) one-half of any such proceeds in excess of $20 million, (iii) such income generated by the trust remaining unexpended at the close of each fiscal year, and (iv) such other funds as the city council may by majority vote to contribute to the fund. This bill is identical to

Tracking Information

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Title

Charter; City of Martinsville.

Sponsors


History

DateChamberAction
2008-03-18 Governor: Acts of Assembly Chapter text (CHAP0607)
2008-03-12 Governor: Approved by Governor-Chapter 607 (effective 7/1/08)
2008-03-06 Senate: Signed by President
2008-03-05 House: Signed by Speaker
2008-03-05 Senate: Enrolled
2008-03-05 Senate: Bill text as passed Senate and House (SB92ER)
2008-03-04 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2008-03-04 House: Passed House BLOCK VOTE (99-Y 0-N)
2008-03-04 House: Read third time
2008-03-03 House: Read second time
2008-02-29 House: Reported from Counties, Cities and Towns (21-Y 0-N)
2008-02-12 House: Referred to Committee on Counties, Cities and Towns
2008-02-12 House: Read first time
2008-02-12 House: Placed on Calendar
2008-02-08 Senate: Communicated to House
2008-02-08 Senate: Passed Senate (40-Y 0-N)
2008-02-08 Senate: Constitutional reading dispensed (40-Y 0-N)
2008-02-08 Senate: Engrossed by Senate - committee substitute SB92S1
2008-02-08 Senate: Committee substitute agreed to 083036316-S1
2008-02-08 Senate: Reading of substitute waived
2008-02-08 Senate: Read second time
2008-02-07 Senate: Constitutional reading dispensed (38-Y 0-N)
2008-02-06 Senate: Committee substitute printed 083036316-S1
2008-02-05 Senate: Reported from Local Government with substitute (14-Y 0-N)
2007-12-26 Senate: Referred to Committee on Local Government
2007-12-26 Senate: Prefiled and ordered printed; offered 01/09/08 087085316

Same As/Similar To

HB456 (Same As) 2008-03-14 - Governor: Acts of Assembly Chapter text (CHAP0435)

Subjects


Virginia State Sources


Bill Comments

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