SEARCH SITE

Search FAQs

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

  • | print version

SB 861 Property Owners' Association Act; member approval required for certain capital expenditures.

Introduced by: Bryce E. Reeves (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Property Owners' Association Act; member approval required for certain capital expenditures. Requires a property owners' association's board of directors, before making expenditures on capital components that exceed $1 million, to obtain the approval of a majority of lot owners who are members in good standing of the property owners' association. The requirements do not affect capital components approved by the board of directors and fully funded prior to July 1, 2018.


FULL TEXT

HISTORY