Manufactured Housing Licensing and Transaction Recovery Fund Law; raises maximum claim amount. (SB1459)
Introduced By
Sen. Phil Puckett (D-Tazewell)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Manufactured Housing Licensing and Transaction Recovery Fund Law. Raises the maximum claim amount of a single claimant against the Manufactured Housing Recovery Fund for single or multiple violations by one or more regulants from $20,000 to $40,000, and raises the minimum balance of the Fund from $250,000 to $500,000. The bill also (i) authorizes interest earned on the Fund to be used for education programs for a wider range of individuals and to pay department staff expenses for conducting investigations, and (ii) authorizes the Manufactured Housing Board to use up to five percent of the balance of the Fund in any fiscal year for educational purposes and to pay investigation expenses. Under the bill, the provisions raising the minimum fund balance and authorizing the use of the Fund balance and interest on educational programs and to pay investigative cost will expire on July 1, 2012. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/20/2009 | Presented and ordered printed 092389300 |
01/20/2009 | Referred to Committee on General Laws and Technology |
01/27/2009 | Impact statement from DPB (SB1459) |
01/28/2009 | Reported from General Laws and Technology with substitute (15-Y 0-N) (see vote tally) |
01/29/2009 | Committee substitute printed 092406300-S1 |
01/30/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/02/2009 | Read second time |
02/02/2009 | Reading of substitute waived |
02/02/2009 | Committee substitute agreed to 092406300-S1 |
02/02/2009 | Engrossed by Senate - committee substitute SB1459S1 |
02/03/2009 | Impact statement from DPB (SB1459S1) |
02/03/2009 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/12/2009 | Placed on Calendar |
02/12/2009 | Read first time |
02/12/2009 | Referred to Committee on General Laws |
02/17/2009 | Reported from General Laws with substitute (21-Y 1-N) (see vote tally) |
02/17/2009 | Committee substitute printed 091856584-H1 |
02/18/2009 | Impact statement from DPB (SB1459H1) |
02/18/2009 | Read second time |
02/19/2009 | Read third time |
02/19/2009 | Committee substitute agreed to 091856584-H1 |
02/19/2009 | Engrossed by House - committee substitute SB1459H1 |
02/19/2009 | Passed House with substitute (97-Y 1-N) |
02/19/2009 | VOTE: --- PASSAGE (97-Y 1-N) (see vote tally) |
02/23/2009 | House substitute agreed to by Senate (39-Y 0-N) (see vote tally) |
02/23/2009 | Title replaced 091856584-H1 |
02/28/2009 | Enrolled |
02/28/2009 | Bill text as passed Senate and House (SB1459ER) |
02/28/2009 | Signed by President |
02/28/2009 | Signed by Speaker |
03/12/2009 | Impact statement from DPB (SB1459ER) |
03/27/2009 | G Approved by Governor-Chapter 579 (effective 7/1/09) |
03/27/2009 | G Acts of Assembly Chapter text (CHAP0579) |