Virginia Housing Development Authority; powers. (HB557)

Introduced By

Del. Danny Marshall (R-Danville)

Progress

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

Description

Virginia Housing Development Authority; powers.  Authorizes the Virginia Housing Development Authority (VHDA) to provide the requisite indemnifications for the Federal National Mortgage Association (Fannie Mae) as well as for any other transactions requiring indemnification. The bill provides that indemnification (i) shall be provided solely from funds of VHDA and (ii) shall not be a debt or obligation of the Commonwealth and the Commonwealth shall not be liable for the indemnification. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2012Committee
01/10/2012Prefiled and ordered printed; offered 01/11/12 12101679D
01/10/2012Referred to Committee on General Laws
01/13/2012Assigned GL sub: #1 Housing
01/18/2012Subcommittee recommends reporting (7-Y 0-N)
01/19/2012Reported from General Laws (22-Y 0-N) (see vote tally)
01/20/2012Impact statement from DPB (HB557)
01/23/2012Read first time
01/24/2012Read second time and engrossed
01/25/2012Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/25/2012VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/25/2012Reconsideration of passage agreed to by House
01/25/2012Passed House BLOCK VOTE (99-Y 0-N)
01/25/2012VOTE: PASSAGE #2 (99-Y 0-N) (see vote tally)
01/26/2012Constitutional reading dispensed
01/26/2012Referred to Committee on General Laws and Technology
02/20/2012Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
02/22/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/23/2012Read third time
02/23/2012Passed Senate (40-Y 0-N) (see vote tally)
02/29/2012Enrolled
02/29/2012Bill text as passed House and Senate (HB557ER)
02/29/2012Impact statement from DPB (HB557ER)
02/29/2012Signed by Speaker
03/01/2012Signed by President
03/13/2012G Approved by Governor-Chapter 238 (effective 7/1/12)
03/13/2012G Acts of Assembly Chapter text (CHAP0238)

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 51 seconds.

Comments

Va Housing Coalition, tracking this bill in Photosynthesis, notes:

The Virginia Housing Coalition supports this bill.