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2005 SESSION

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HB 2820 Real Estate Cooperative Act; reserves for capital components.

Introduced by: Kenneth C. Alexander | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Real Estate Cooperative Act; reserves for capital components.  Requires the board in a real estate cooperative to conduct a reserve study and make provision for a reserve account for capital components. The bill requires that disclosure of the reserve fund be made in the public offering and statement as well as the resale certificate. The bill defines capital components. Requirements for reserves are currently only found in the Condominium and Property Owners' Association Acts.  The bill also contains technical amendments.

FULL TEXT

• 01/18/05  House: Presented & ordered printed 053617208  pdf
• 03/07/05  House: Bill text as passed House and Senate (HB2820ER)  pdf
• 03/29/05  Governor: Acts of Assembly Chapter text (CHAP0436)  pdf

HISTORY

• 01/18/05  House: Presented & ordered printed 053617208
• 01/18/05  House: Referred to Committee on General Laws
• 01/24/05  House: Assigned to General Laws sub-committee: Subcommittee #1...
• 02/01/05  House: Reported from General Laws (22-Y 0-N)
• 02/02/05  House: Read first time
• 02/03/05  House: Read second time and engrossed
• 02/04/05  House: Read third time and passed House BLOCK VOTE (95-Y 0-N)
• 02/04/05  House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
• 02/04/05  House: Reconsideration of passage agreed to by House
• 02/04/05  House: Passed House BLOCK VOTE (96-Y 0-N)
• 02/04/05  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
• 02/04/05  House: Communicated to Senate
• 02/07/05  Senate: Constitutional reading dispensed
• 02/07/05  Senate: Referred to Committee on General Laws
• 02/16/05  Senate: Reported from General Laws (15-Y 0-N)
• 02/18/05  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/18/05  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
• 02/21/05  Senate: Read third time
• 02/21/05  Senate: Passed Senate (40-Y 0-N)
• 02/21/05  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 03/07/05  House: Bill text as passed House and Senate (HB2820ER)
• 03/09/05  House: Enrolled
• 03/09/05  House: Signed by Speaker
• 03/11/05  Senate: Signed by President
• 03/21/05  Governor: Approved by Governor-Chapter 436 (effective 7/1/05)
• 03/29/05  Governor: Acts of Assembly Chapter text (CHAP0436)