Wednesday, July 23, 2008
The General Assembly is not in session.
Tracking Virginia’s General Assembly
since 2007.
SB477: Development rights programs; State grants shall be distributed to local purchase thereof.
Chief Patron
Sen.
Emmett Hanger (R-24)
Emmett Hanger
(R-24)
Served: 1996–
Progress
 |
Introduced |
|
Passed Committee |
|
Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
03/10/2008: signed by governor
Summary
Matching grants to local purchase of development rights programs. Provides that in general, local purchase of development rights programs would be required to make a $1 match for each $1 in grants awarded by the Office of Farmland Preservation.
However, if, as of July 1 in the fiscal year, the total “value” of all land in a county or city upon which the real estate tax is imposed does not exceed 70 percent of the total fair market value of all land in the county or city, then for that fiscal year the local purchase of development rights program for the county or city would be required to match each $1 awarded with a match of $0.50. “Value” is defined as the fair market value of land unless the land has been valued under special use value assessment, in which case “value” would mean the use value assessment.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/09/2008, 01/09/2008, 02/11/2008, 02/12/2008, 02/14/2008, 02/14/2008, 02/22/2008, 02/22/2008, 02/28/2008, 02/28/2008 and 02/29/2008.
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
Tags
Bill Text
Subscribe
Keep track of the status of this bill as it moves through the General Assembly
— subscribe
via RSS.