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2004 SESSION
HB 549 Open-space preservation; imposition of additional fee for distribution to Outdoors Foundation.
Introduced by: Joe T. May | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Deed recordation fee for open-space preservation. Imposes a $1 fee on every deed admitted to record as of July 1, 2004, in those jurisdictions where open-space easements are held by the Virginia Outdoors Foundation. The bill requires the State Comptroller to distribute on a monthly basis the revenue from such collected fees to the Virginia Outdoors Foundation. The Foundation, established to promote the preservation of open-space lands and to encourage private gifts of money, securities, land or other property to preserve the natural, scenic, historic, scientific, open-space and recreational areas of the Commonwealth, shall hold and administer these funds in accordance with its statutory purpose and powers.
SUMMARY AS INTRODUCED:
Deed recordation fee for open-space preservation. Imposes a $1 fee on every deed admitted to record as of July 1, 2004. The bill requires the Comptroller to distribute on a monthly basis the revenue from such collected fees to the Virginia Outdoors Foundation. The Foundation, established to promote the preservation of open-space lands and to encourage private gifts of money, securities, land or other property to preserve the natural, scenic, historic, scientific, open-space and recreational areas of the Commonwealth, shall hold and administer these funds in accordance with its statutory purpose and powers.