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2008 SESSION

• | print version

HB 456 Charter; City of Martinsville. 

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Charter; City of Martinsville.  Provides that the City may establish a municipal trust. The principal of the trust shall be (i) all of the proceeds of the sale of any City asset owned by the City that generates between $10 million and $20 million, (ii) one-half of any such proceeds in excess of $20 million, (iii) such income generated by the trust remaining unexpended at the close of each fiscal year, and (iv) such other funds as the city council may by majority vote to contribute to the fund. This bill is identical to SB 92.

FULL TEXT

• 01/04/08  House: Prefiled and ordered printed; offered 01/09/08 086138638  pdf
• 02/01/08  House: Committee substitute printed 082058638-H1  pdf
• 02/28/08  House: Bill text as passed House and Senate (HB456ER)  pdf
• 03/14/08  Governor: Acts of Assembly Chapter text (CHAP0435)  pdf

AMENDMENTS

• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/04/08  House: Prefiled and ordered printed; offered 01/09/08 086138638
• 01/04/08  House: Referred to Committee on Counties, Cities and Towns
• 02/01/08  House: Reported from Counties, Cities and Towns with substitute (22-Y 0-N)
• 02/01/08  House: Committee substitute printed 082058638-H1
• 02/04/08  House: Read first time
• 02/05/08  House: Read second time
• 02/05/08  House: Committee substitute agreed to 082058638-H1
• 02/05/08  House: Engrossed by House - committee substitute HB456H1
• 02/06/08  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 02/06/08  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/06/08  House: Communicated to Senate
• 02/07/08  Senate: Constitutional reading dispensed
• 02/07/08  Senate: Referred to Committee on Local Government
• 02/19/08  Senate: Reported from Local Government with amendments (15-Y 0-N)
• 02/21/08  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/22/08  Senate: Read third time
• 02/22/08  Senate: Reading of amendments waived
• 02/22/08  Senate: Committee amendments agreed to
• 02/22/08  Senate: Engrossed by Senate as amended
• 02/22/08  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/25/08  House: Placed on Calendar
• 02/26/08  House: Senate amendments agreed to by House (96-Y 0-N)
• 02/26/08  House: VOTE: --- ADOPTION (96-Y 0-N)
• 02/28/08  House: Enrolled
• 02/28/08  House: Bill text as passed House and Senate (HB456ER)
• 02/28/08  House: Signed by Speaker
• 03/02/08  Senate: Signed by President
• 03/07/08  Governor: Approved by Governor-Chapter 435 (effective 7/1/08)
• 03/14/08  Governor: Acts of Assembly Chapter text (CHAP0435)