Wednesday, July 9, 2008
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Search 2008 Bills:

HB456: Charter; City of Martinsville. 

Chief Patron

Del. Don Merricks (R-16)

Don Merricks (R-16)
Danville, VA
Served: 2008–

Progress

Yes Introduced
Yes Passed Committee
Yes Passed House
Yes Passed Senate
Yes Signed by Governor
Yes Became Law

Status

03/07/2008: signed by governor

View Entire History

Summary

Charter; City of Martinsville.  Provides that the City shall establish a municipal endowment fund. The principal of the fund 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) 10 percent of revenues remaining unexpended at the end of each fiscal year, (iv) such income generated by the fund remaining unexpended at the close of each fiscal year, and (v) such other funds as the city council may by majority vote to contribute to the fund.

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Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/01/2008, 02/01/2008, 02/04/2008, 02/04/2008, 02/05/2008, 02/06/2008, 02/06/2008, 02/07/2008, 02/07/2008, 02/21/2008, 02/22/2008, 02/22/2008, 02/25/2008, 02/26/2008, 02/26/2008, 02/28/2008, 02/28/2008, 03/07/2008 and 03/07/2008.

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Bill Text

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