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2009 SESSION
SB 1430 Residential homes; bonds to fund grants for purchasers of newly constructed.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Grants to purchasers of newly constructed residential homes. Authorizes the issuance of $50 million in bonds to fund grants to individuals who purchase a principal residence in the Commonwealth that was first issued a certificate of occupancy on or after January 1, 2007, but before July 1, 2009. Eligible individuals would be individuals who had no present ownership in a principal residence within the last three years. The Virginia Housing Development Authority, in consultation with the Virginia Economic Development Partnership, would develop guidelines for purposes of determining eligible homebuyers and the amount of grant awards. The bill is contingent on supplemental appropriations that may be used for such a program being included in a federal stimulus package adopted by March 27, 2009, or on the State Treasurer certifying to the Governor, no later than September 1, 2009, that bonds or indebtedness issued or entered into pursuant to this act would not negatively impact the debt capacity of the Commonwealth.
FULL TEXT
- 01/16/09 Senate: Presented and ordered printed 092866332 pdf | impact statement
- 02/05/09 Senate: Committee substitute printed 092921332-S1 pdf | impact statement
HISTORY
- 01/16/09 Senate: Presented and ordered printed 092866332
- 01/16/09 Senate: Referred to Committee on Commerce and Labor
- 02/02/09 Senate: Rereferred from Commerce and Labor (14-Y 0-N)
- 02/02/09 Senate: Rereferred to Finance
- 02/05/09 Senate: Reported from Finance with substitute (15-Y 0-N)
- 02/05/09 Senate: Committee substitute printed 092921332-S1
- 02/09/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/10/09 Senate: Read second time
- 02/10/09 Senate: Reading of substitute waived
- 02/10/09 Senate: Committee substitute agreed to 092921332-S1
- 02/10/09 Senate: Engrossed by Senate - committee substitute SB1430S1
- 02/10/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/10/09 Senate: Passed Senate (40-Y 0-N)
- 02/13/09 House: Placed on Calendar
- 02/13/09 House: Read first time
- 02/13/09 House: Referred to Committee on General Laws
- 02/16/09 House: Assigned GL sub: Housing
- 02/18/09 House: Subcommittee recommends reporting and referring to Appropriations
- 02/19/09 House: Reported from General Laws (21-Y 0-N)
- 02/19/09 House: Referred to Committee on Appropriations
- 02/20/09 House: Assigned App. sub: Capital Outlay (Ingram)
- 02/28/09 House: Left in Appropriations