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2012 SESSION
SB 672 Hampton Roads Sanitation District; amends enabling act, etc.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Hampton Roads Sanitation District. Amends the sanitation district's enabling act by expressly permitting the Hampton Roads Sanitation District Commission to determine the rate of interest on revenue bonds, removing the six percent interest-rate cap for the sale of bonds, and allowing the Commission to refund revenue bonds at a higher interest rate than that at which they were issued where the Commission determines such a refund to be in the best interests of the District. Where the Commission secures revenue bonds with a trust agreement, the bill allows such an agreement to require that the bonds be delivered to the trustee with written instructions to cancel them before they will be deemed extinguished. The bill eliminates the requirement that the public official's liability insurance policy covering each Commissioner shall have a $10,000 deductible and be available through the Commonwealth. A change to the definitions section expands the meaning of the word "owner" to include not only individuals, corporations, and other listed entities but also limited liability companies. The bill also makes clarifying amendments.
FULL TEXT
- 01/20/12 Senate: Presented and ordered printed 12104102D pdf
- 02/10/12 Senate: Printed as engrossed 12104102D-E pdf
- 03/02/12 Senate: Bill text as passed Senate and House (SB672ER) pdf
- 04/09/12 Governor: Acts of Assembly Chapter text (CHAP0724) pdf
AMENDMENTS
HISTORY
- 01/20/12 Senate: Presented and ordered printed 12104102D
- 01/20/12 Senate: Referred to Committee on Finance
- 01/25/12 Senate: Rereferred from Fin. (9-Y 0-N)
- 01/25/12 Senate: Rereferred to Local Government
- 02/07/12 Senate: Reported from Local Government with amendments (14-Y 0-N)
- 02/09/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/10/12 Senate: Read second time
- 02/10/12 Senate: Reading of amendments waived
- 02/10/12 Senate: Committee amendments agreed to
- 02/10/12 Senate: Engrossed by Senate as amended SB672E
- 02/10/12 Senate: Printed as engrossed 12104102D-E
- 02/13/12 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/17/12 House: Placed on Calendar
- 02/17/12 House: Read first time
- 02/17/12 House: Referred to Committee on Counties, Cities and Towns
- 02/20/12 House: Assigned CC & T sub: #1
- 02/22/12 House: Subcommittee recommends reporting (9-Y 0-N)
- 02/24/12 House: Reported from Counties, Cities and Towns (20-Y 0-N)
- 02/27/12 House: Read second time
- 02/28/12 House: Read third time
- 02/28/12 House: Passed House BLOCK VOTE (97-Y 0-N)
- 02/28/12 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 03/02/12 Senate: Enrolled
- 03/02/12 Senate: Bill text as passed Senate and House (SB672ER)
- 03/02/12 House: Signed by Speaker
- 03/05/12 Senate: Signed by President
- 04/09/12 Governor: Approved by Governor-Chapter 724 (effective 7/1/12)
- 04/09/12 Governor: Acts of Assembly Chapter text (CHAP0724)