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2012 SESSION
SB 628 Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant.
Introduced by: Mark R. Herring | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Virginia Property Owners' Association Act; limitation on certain contracts and leases by declarant. Limits any management contract or employment contract that is entered into during the period of declarant control to five years. The bill also provides that any such contract or agreement entered into on or after July 1, 2012, may be terminated without penalty by the association or its board of directors upon not less than 90 days' written notice to the other party given not later than 60 days after the expiration of the period of declarant control contemplated by the governing documents. In addition, the bill requires the declarant to include, with other information provided upon transfer of control to the association, the number of lots that may be subject to the declaration upon completion of development and the number of members of the board of directors and number of such directors appointed by the declarant together with names and contact information of members of the board of directors.
FULL TEXT
- 01/20/12 Senate: Presented and ordered printed 12104235D pdf
- 02/14/12 Senate: Printed as engrossed 12104235D-E pdf
- 02/23/12 House: Committee substitute printed 12105613D-H1 pdf
- 03/06/12 Senate: Bill text as passed Senate and House (SB628ER) pdf
- 04/06/12 Governor: Acts of Assembly Chapter text (CHAP0671) pdf
AMENDMENTS
HISTORY
- 01/20/12 Senate: Presented and ordered printed 12104235D
- 01/20/12 Senate: Referred to Committee on General Laws and Technology
- 02/13/12 Senate: Reported from General Laws and Technology with amendments (15-Y 0-N)
- 02/14/12 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/12 Senate: Read second time
- 02/14/12 Senate: Reading of amendments waived
- 02/14/12 Senate: Committee amendments agreed to
- 02/14/12 Senate: Engrossed by Senate as amended SB628E
- 02/14/12 Senate: Printed as engrossed 12104235D-E
- 02/14/12 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/12 Senate: Passed Senate (40-Y 0-N)
- 02/16/12 House: Placed on Calendar
- 02/16/12 House: Read first time
- 02/16/12 House: Referred to Committee on General Laws
- 02/20/12 House: Assigned GL sub: #1 Housing
- 02/22/12 House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
- 02/23/12 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/23/12 House: Committee substitute printed 12105613D-H1
- 02/27/12 House: Read second time
- 02/28/12 House: Read third time
- 02/28/12 House: Committee substitute agreed to 12105613D-H1
- 02/28/12 House: Engrossed by House - committee substitute SB628H1
- 02/28/12 House: Passed House with substitute BLOCK VOTE (97-Y 0-N)
- 02/28/12 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 03/01/12 Senate: House substitute agreed to by Senate (40-Y 0-N)
- 03/01/12 Senate: Title replaced 12105613D-H1
- 03/06/12 Senate: Enrolled
- 03/06/12 Senate: Bill text as passed Senate and House (SB628ER)
- 03/06/12 House: Signed by Speaker
- 03/08/12 Senate: Signed by President
- 04/06/12 Governor: Approved by Governor-Chapter 671 (effective 7/1/12)
- 04/06/12 Governor: Acts of Assembly Chapter text (CHAP0671)