Bond administration; reimbursement of administrative costs. (SB179)

Introduced By

Sen. Richard Stuart (R-Westmoreland) with support from co-patron Sen. George Barker (D-Alexandria)

Progress

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

Description

Bond administration; reimbursement of administrative costs.  Provides that if the owner or developer defaults on construction of certain public facilities, the locality shall be entitled to retain the allowance for administrative costs regardless of who ultimately completes the facilities. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2012Prefiled and ordered printed; offered 01/11/12
01/10/2012Prefiled and ordered printed; offered 01/11/12 12102620D
01/10/2012Referred to Committee on Local Government
02/07/2012Committee substitute printed 12105207D-S1
02/07/2012Reported from Local Government with substitute (12-Y 2-N) (see vote tally)
02/09/2012Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/10/2012Read second time
02/10/2012Reading of substitute waived
02/10/2012Committee substitute agreed to 12105207D-S1
02/10/2012Engrossed by Senate - committee substitute SB179S1
02/13/2012Read third time and passed Senate (36-Y 4-N) (see vote tally)
02/15/2012Placed on Calendar
02/15/2012Read first time
02/15/2012Referred to Committee on Counties, Cities and Towns
02/20/2012Assigned CC & T sub: #2
02/23/2012Subcommittee recommends reporting (11-Y 0-N)
02/24/2012Reported from Counties, Cities and Towns (20-Y 0-N) (see vote tally)
02/27/2012Read second time
02/28/2012Read third time
02/28/2012Passed House BLOCK VOTE (97-Y 0-N)
02/28/2012VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
03/02/2012Enrolled
03/02/2012Bill text as passed Senate and House (SB179ER)
03/02/2012Signed by Speaker
03/05/2012Signed by President
03/30/2012G Approved by Governor-Chapter 468 (effective 7/1/12)
03/30/2012G Acts of Assembly Chapter text (CHAP0468)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.