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2007 SESSION
(HB2782)JOINT CONFERENCE COMMITTEE REPORT
We, the conferees appointed by the respective bodies to consider and report upon the disagreeing vote on House Bill No. 2782, report as follows:
A. We recommend that the Senate Amendment be rejected.
B. We recommend that the engrossed bill be amended as follows to resolve the matter under disagreement.
1. After line 26
insert
3. That the provisions of this act shall not affect any litigation that is pending on the effective date of this act.
Respectfully submitted,
Delegate Harvey B. Morgan
Delegate Robert J. Wittman
Delegate Stephen C. Shannon
Conferees on the part of the House
Senator Frank M. Ruff, Jr.
Senator Emmett W. Hanger, Jr.
Senator Charles R. Hawkins
Conferees on the part of the Senate
JOINT CONFERENCE COMMITTEE REPORT (Rejected)
We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on House Bill No. 2782, report as follows:
A. We recommend that the Senate Amendment be rejected.
B. We recommend that the engrossed bill be amended as follows to resolve the matters under disagreement.
1. After line 25
insert
C. The prospective grantee shall compensate the Commonwealth in an amount commensurate with the property interest being conveyed, which shall be considered equivalent to 25% of the assessed value of the specified parcel, exclusive of any buildings or other improvements. The assessed value shall be established (i) as the most recent local real estate tax assessment available for the specified parcel or, (ii) if no such assessment is available for the specified parcel, as the proportional share of the assessment for a larger parcel in which the specified parcel has been included for the purposes of local real estate tax assessment.
2. After line 26
insert
3. That the provisions of this act shall not affect any litigation that is pending on the effective date of this act.
Respectfully submitted,
Delegate Harvey B. Morgan
Delegate Robert J. Wittman
Delegate Stephen C. Shannon
Conferees on the part of the House
Senator Frank M. Ruff, Jr.
Senator Emmett W. Hanger, Jr.
Senator Charles R. Hawkins
Conferees on the part of the Senate