Charter; City of Martinsville. (HB456)
Introduced By
Del. Don Merricks (R-Danville)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/04/2008 | Committee |
| 01/04/2008 | Prefiled and ordered printed; offered 01/09/08 086138638 |
| 01/04/2008 | Referred to Committee on Counties, Cities and Towns |
| 02/01/2008 | Reported from Counties, Cities and Towns with substitute (22-Y 0-N) (see vote tally) |
| 02/01/2008 | Committee substitute printed 082058638-H1 |
| 02/04/2008 | Read first time |
| 02/05/2008 | Read second time |
| 02/05/2008 | Committee substitute agreed to 082058638-H1 |
| 02/05/2008 | Engrossed by House - committee substitute HB456H1 |
| 02/06/2008 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
| 02/06/2008 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
| 02/06/2008 | Communicated to Senate |
| 02/07/2008 | Constitutional reading dispensed |
| 02/07/2008 | Referred to Committee on Local Government |
| 02/19/2008 | Reported from Local Government with amendments (15-Y 0-N) |
| 02/21/2008 | Constitutional reading dispensed (40-Y 0-N) |
| 02/22/2008 | Read third time |
| 02/22/2008 | Reading of amendments waived |
| 02/22/2008 | Committee amendments agreed to |
| 02/22/2008 | Engrossed by Senate as amended |
| 02/22/2008 | Passed Senate with amendments (40-Y 0-N) |
| 02/25/2008 | Placed on Calendar |
| 02/26/2008 | Senate amendments agreed to by House (96-Y 0-N) |
| 02/26/2008 | VOTE: --- ADOPTION (96-Y 0-N) (see vote tally) |
| 02/28/2008 | Enrolled |
| 02/28/2008 | Bill text as passed House and Senate (HB456ER) |
| 02/28/2008 | Signed by Speaker |
| 03/02/2008 | Signed by President |
| 03/07/2008 | G Approved by Governor-Chapter 435 (effective 7/1/08) |
| 03/14/2008 | G Acts of Assembly Chapter text (CHAP0435) |