Tuesday, December 2, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB1292: Home ownership; deletes requirement that separate ordinance be passed for each grant.
Be it enacted by the General Assembly of Virginia:
1. That § 15.2-958.2 of the Code of Virginia is amended and reenacted as follows:
§ 15.2-958.2. Grants for home ownership.
In order to ensure its competitiveness as an employer, a
locality may, by ordinance, provide for the use of funds, other than state
funds, to provide home-ownership grants to employees of the locality, employees
of the school board and employees of constitutional officers, to purchase their
primary residences in the locality. The ordinance shall require that each
grant be approved by the local governing body by ordinance advertised on its
regular agenda and that individual grants not exceed $5,000 per
employee, nor lifetime cumulative grants exceed $5,000 per employee. The
ordinance may establish such other terms and conditions to ensure the integrity
of the home-ownership grant program.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.