Motor Vehicle Transaction Recovery Fund; bonding requirements. (HB171)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

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

Description

Motor Vehicle Transaction Recovery Fund; bonding requirements.  Permits the Fund to drop below the previously mandated $250,000 balance requirement but not to register a negative balance. The bill also allows recovery against a dealer to include attorney fees. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2012Committee
01/09/2012Prefiled and ordered printed; offered 01/11/12 12101762D
01/09/2012Referred to Committee on Transportation
01/13/2012Assigned Transportation sub: #4
01/17/2012Impact statement from DPB (HB171)
01/20/2012Assigned Transportation sub: #3
01/24/2012Subcommittee recommends reporting with amendment(s) (6-Y 0-N)
01/26/2012Reported from Transportation with substitute (22-Y 0-N) (see vote tally)
01/26/2012Committee substitute printed 12104576D-H1
01/27/2012Read first time
01/30/2012Read second time
01/30/2012Committee substitute agreed to 12104576D-H1
01/30/2012Engrossed by House - committee substitute HB171H1
01/30/2012Impact statement from DPB (HB171H1)
01/31/2012Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/31/2012VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/01/2012Constitutional reading dispensed
02/01/2012Referred to Committee on Transportation
02/08/2012Reported from Transportation (13-Y 0-N) (see vote tally)
02/10/2012Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/13/2012Read third time
02/13/2012Passed Senate (40-Y 0-N) (see vote tally)
02/14/2012Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/15/2012Enrolled
02/15/2012Bill text as passed House and Senate (HB171ER)
02/15/2012Impact statement from DPB (HB171ER)
02/15/2012Signed by Speaker
02/16/2012Signed by President
02/28/2012G Approved by Governor-Chapter 10 (effective 7/1/12)
02/28/2012G Acts of Assembly Chapter text (CHAP0010)

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 1 minute.