Condominium Act; filing of surety bond with Real Estate Board in lieu of escrowing deposits. (HB1850)

Introduced By

Del. Chris Saxman (R-Staunton)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Condominium Act; escrow of deposits; posting of surety. Authorizes the filing of a surety bond or letter of credit by the declarant with the Real Estate Board in lieu of escrowing deposits. The amount of surety bonds or letters of credit is set forth in the bill. Read the Bill »


03/19/2007: signed by governor


01/03/2007Prefiled and ordered printed; offered 01/10/07 078513496
01/03/2007Referred to Committee on General Laws
01/10/2007Assigned GL sub: #1 Housing (Suit)
01/15/2007Impact statement from DPB (HB1850)
02/02/2007Committee substitute printed 070937488-H1
02/03/2007Read first time
02/05/2007Read second time
02/05/2007Committee substitute agreed to 070937488-H1
02/05/2007Engrossed by House - committee substitute HB1850H1
02/06/2007Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/06/2007Communicated to Senate
02/07/2007Constitutional reading dispensed
02/07/2007Referred to Committee on General Laws and Technology
02/08/2007Impact statement from DPB (HB1850H1)
02/16/2007Constitutional reading dispensed (39-Y 0-N)
02/16/2007VOTE: (39-Y 0-N) (see vote tally)
02/19/2007Read third time
02/19/2007Passed Senate (40-Y 0-N)
02/19/2007VOTE: (40-Y 0-N) (see vote tally)
02/28/2007Bill text as passed House and Senate (HB1850ER)
03/01/2007Impact statement from DPB (HB1850ER)
03/01/2007Signed by Speaker
03/02/2007Signed by President
03/19/2007G Approved by Governor-Chapter 445 (effective 7/1/07)
03/27/2007G Acts of Assembly Chapter text (CHAP0445)