Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant. (SB628)

Introduced By

Sen. Mark Herring (D-Leesburg)

Progress

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

Description

Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant.  Limits any management contract, employment contract, or lease of recreational or parking areas or facilities that is entered into during the period of declarant control to two years. The bill also provides that any such contract or agreement entered into on or after July 1, 2012, may be terminated without penalty by the association or its board of directors upon not less than 90 days' written notice to the other party given not later than 60 days after the expiration of the period of declarant control contemplated by the governing documents. In addition, the bill requires the declarant to include, with other information provided upon transfer of control to the association, the number of lots that may be subject to the declaration upon completion of development, and the number of members of the board of directors and number of such directors appointed by the declarant together with names and contact information of members of the board of director Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/20/2012Presented and ordered printed 12104235D
01/20/2012Referred to Committee on General Laws and Technology
02/13/2012Reported from General Laws and Technology with amendments (15-Y 0-N) (see vote tally)
02/14/2012Read second time
02/14/2012Reading of amendments waived
02/14/2012Committee amendments agreed to
02/14/2012Engrossed by Senate as amended SB628E
02/14/2012Printed as engrossed 12104235D-E
02/14/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2012Passed Senate (40-Y 0-N) (see vote tally)
02/16/2012Placed on Calendar
02/16/2012Read first time
02/16/2012Referred to Committee on General Laws
02/20/2012Assigned GL sub: #1 Housing
02/22/2012Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
02/23/2012Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
02/23/2012Committee substitute printed 12105613D-H1
02/27/2012Read second time
02/28/2012Read third time
02/28/2012Committee substitute agreed to 12105613D-H1
02/28/2012Engrossed by House - committee substitute SB628H1
02/28/2012Passed House with substitute BLOCK VOTE (97-Y 0-N)
02/28/2012VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
03/01/2012House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
03/01/2012Title replaced 12105613D-H1
03/06/2012Enrolled
03/06/2012Bill text as passed Senate and House (SB628ER)
03/06/2012Signed by Speaker
03/08/2012Signed by President
04/06/2012G Approved by Governor-Chapter 671 (effective 7/1/12)
04/06/2012G Acts of Assembly Chapter text (CHAP0671)

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.