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2004 SESSION

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041975500
HOUSE BILL NO. 1471 Offered January 23, 2004 A BILL to amend the Code of Virginia by adding a section numbered 15.2-958.2, relating to home-ownership assistance. ---------- Patrons-- Shannon and Scott, J.M. ---------- Referred to Committee on Counties, Cities and Towns ----------

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 15.2-958.2 as follows:

§ 15.2-958.2. Grants for home ownership.

Notwithstanding any other provision of law, a locality, in order to ensure its competitiveness as an employer, may by ordinance provide for the use of funds, other than state funds, to provide grants for employees of the locality or school board to purchase or rent residences, for use as the employee's principal residence, within the locality. The locality may establish such terms and conditions concerning such grants as it deems appropriate.