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SB92: Charter; City of Martinsville.

Chief Patron

Sen. Roscoe Reynolds (D-20)

Roscoe Reynolds (D-20)
Served: 1997–

Progress

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

Status

03/12/2008: signed by governor

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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: 02/06/2008, 02/06/2008, 02/07/2008, 02/07/2008, 02/08/2008, 02/08/2008, 02/12/2008, 02/29/2008 and 03/06/2008.

Poll Results

No Richmond Sunlight visitors voted on this bill while voting was open.

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Bill Text

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