VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2004 SESSION

• history | hilite | pdf | print version

046712296
HOUSE BILL NO. 827 Offered January 14, 2004 Prefiled January 14, 2004 A BILL to amend the Code of Virginia by adding a section numbered 15.2-958.2, relating to home-ownership assistance. ---------- Patrons-- Drake, Shannon, Marrs, Oder, Stump and Suit; Senator: Whipple ---------- 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 and loans for home ownership.

Notwithstanding any other provision of law, to foster close-to-work home-ownership opportunities and to ensure competitiveness as an employer, a locality may by ordinance provide for the use of funds, other than state funds, to provide grants and small, low-interest loans to employees of the locality or the school board to purchase residences in such locality. The residences shall be the primary residence of any employee receiving such grants or loans. The locality may establish such terms and conditions concerning such grants and loans as it deems appropriate.