Va. Condominium & Property Owners' Association Act; contents of disclosure packets. (SB705)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Virginia Condominium Act and the Property Owners' Association Act; contents of association disclosure packet; unfunded capital reserves. Provides for the disclosure packets required upon the resale of a unit under the Virginia Condominium Act or a lot under the Property Owners' Association Act to include a statement of the total amount of unfunded capital reserves based on the current reserve study, including the pro rata share of such unfunded capital reserves per unit or lot. Amends § 55-509.5, § 55-79.97, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/10/2018Prefiled and ordered printed; offered 01/10/18 18100401D
01/10/2018Referred to Committee on General Laws and Technology
01/22/2018Impact statement from DPB (SB705)
01/22/2018Passed by indefinitely in General Laws and Technology with letter (10-Y 0-N) (see vote tally)