Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant. (SB628)

Introduced By

Sen. Mark Herring (D-Leesburg)

Progress

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

Description

Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant.  Limits any management contract, employment contract, or lease of recreational or parking areas or facilities that is entered into during the period of declarant control to two years. The bill also provides that any such contract or agreement entered into on or after July 1, 2012, may be terminated without penalty by the association or its board of directors upon not less than 90 days' written notice to the other party given not later than 60 days after the expiration of the period of declarant control contemplated by the governing documents. In addition, the bill requires the declarant to include, with other information provided upon transfer of control to the association, the number of lots that may be subject to the declaration upon completion of development, and the number of members of the board of directors and number of such directors appointed by the declarant together with names and contact information of members of the board of director Amends § 55-509.2, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

  • 01/20/2012 Presented and ordered printed 12104235D
  • 01/20/2012 Referred to Committee on General Laws and Technology
  • 02/13/2012 Reported from General Laws and Technology with amendments (15-Y 0-N) (see vote tally)
  • 02/14/2012 Read second time
  • 02/14/2012 Reading of amendments waived
  • 02/14/2012 Committee amendments agreed to
  • 02/14/2012 Engrossed by Senate as amended SB628E
  • 02/14/2012 Printed as engrossed 12104235D-E
  • 02/14/2012 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
  • 02/14/2012 Passed Senate (40-Y 0-N) (see vote tally)
  • 02/16/2012 Placed on Calendar
  • 02/16/2012 Read first time
  • 02/16/2012 Referred to Committee on General Laws
  • 02/20/2012 Assigned GL sub: #1 Housing
  • 02/22/2012 Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
  • 02/23/2012 Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
  • 02/23/2012 Committee substitute printed 12105613D-H1
  • 02/27/2012 Read second time
  • 02/28/2012 Read third time
  • 02/28/2012 Committee substitute agreed to 12105613D-H1
  • 02/28/2012 Engrossed by House - committee substitute SB628H1
  • 02/28/2012 Passed House with substitute BLOCK VOTE (97-Y 0-N)
  • 02/28/2012 VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
  • 03/01/2012 House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
  • 03/01/2012 Title replaced 12105613D-H1
  • 03/06/2012 Enrolled
  • 03/06/2012 Bill text as passed Senate and House (SB628ER)
  • 03/06/2012 Signed by Speaker
  • 03/08/2012 Signed by President
  • 04/06/2012 G Approved by Governor-Chapter 671 (effective 7/1/12)
  • 04/06/2012 G Acts of Assembly Chapter text (CHAP0671)