Virginia Real Estate Time-Share Act; alternative purchases. (HB1955)

Introduced By

Del. Anne Ferrell Tata (R-Virginia Beach)

Progress

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

Description

Virginia Real Estate Time-Share Act; alternative purchases. Removes the requirement under the Virginia Real Estate Time-Share Act that a time-share instrument executed by a time-share estate project developer state whether such developer reserves the right to add to or delete any alternative purchase and requires that the public offering statement distributed to each prospective purchaser of a time-share disclose whether the developer will offer any alternative purchase. This bill is identical to SB 969. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2023Committee
01/10/2023Prefiled and ordered printed; offered 01/11/23 23102423D
01/10/2023Referred to Committee on General Laws
01/18/2023Assigned GL sub: Subcommittee #2
01/18/2023Impact statement from DPB (HB1955)
01/26/2023Subcommittee recommends reporting (8-Y 0-N)
01/31/2023Reported from General Laws (22-Y 0-N) (see vote tally)
02/02/2023Read first time
02/03/2023Read second time and engrossed
02/06/2023Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/06/2023VOTE: Block Vote Passage (100-Y 0-N) (see vote tally)
02/07/2023Constitutional reading dispensed
02/07/2023Referred to Committee on General Laws and Technology
02/15/2023Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
02/17/2023Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/20/2023Read third time
02/20/2023Passed Senate (40-Y 0-N) (see vote tally)
02/23/2023Enrolled
02/23/2023Bill text as passed House and Senate (HB1955ER)
02/23/2023Impact statement from DPB (HB1955ER)
02/23/2023Signed by Speaker
02/25/2023Signed by President
03/02/2023Enrolled Bill communicated to Governor on March 2, 2023
03/02/2023G Governor's Action Deadline 11:59 p.m., March 27, 2023
03/21/2023G Approved by Governor-Chapter 52 (effective 7/1/23)
03/21/2023G Acts of Assembly Chapter text (CHAP0052)

Duplicate Bills

The following bills are identical to this one: SB969.