Property Owners' Association Act; control of association by declarant. (SB1366)

Introduced By

Sen. George Barker (D-Alexandria) with support from co-patron Del. Mark Sickles (D-Alexandria)

Description

Virginia Property Owners' Association Act; control of association by declarant. Provides that a declaration may provide for declarant control of an association and its board of directors for a period of time that shall not exceed (i) five years or (ii) three months after 80 percent of all lots in all phases of the development have been conveyed, whichever occurs first. The bill requires all association funds collected during the period of declarant control to be maintained separately in the association's name and not be commingled with funds of the declarant or the funds of any other association. In addition, the bill prohibits the declarant from using association funds to defend any civil or criminal action, or administrative or arbitration proceeding that has been filed or initiated against the declarant. Amends § 55-509.2 (“Documents to be provided by declarant upon transfer of control.”), of the Code of Virginia. View Full Text »

Outcome

View Bill's History

• 01/14/2009 Prefiled and ordered printed; offered 01/14/09 092339201
• 01/14/2009 Referred to Committee on General Laws and Technology
• 02/04/2009 Reported from General Laws and Technology with substitute (9-Y 6-N) (see vote tally)
• 02/04/2009 Committee substitute printed 092430201-S1
• 02/06/2009 Constitutional reading dispensed (39-Y 0-N) (see vote tally)
• 02/09/2009 Read second time
• 02/09/2009 Reading of substitute waived
• 02/09/2009 Committee substitute agreed to 092430201-S1
• 02/09/2009 Engrossed by Senate - committee substitute SB1366S1
• 02/10/2009 Read third time and passed Senate (27-Y 13-N) (see vote tally)
• 02/13/2009 Placed on Calendar
• 02/13/2009 Read first time
• 02/13/2009 Referred to Committee on General Laws
• 02/28/2009 Left in General Laws

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 25 seconds. Click the image of the video to play it.

4 votes