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1996 SESSION
HB 1504 Housing Development Authority; bonds or notes.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY:
Virginia Housing Development Authority. Clarifies that bonds or notes issued by VHDA shall not be restricted or otherwise limited solely because the interest thereon is subject to federal income tax. The bill removes (i) the sunset of July 1, 1997, for which VHDA may acquire multi-family residential housing and (ii) VHDA's authority to covenant that interest on certain of its obligation bonds is includable under the IRS Code for the holders of the obligations as gross income. The bill also provides that certain terms and conditions of purchases or commitments to purchase a mortgage loan by VHDA shall not apply where the loans are purchased from an agency of the federal government. The bill contains technical amendments.
FULL TEXT
- 01/22/96 House: Presented & ordered printed 964385805 pdf
- 03/06/96 House: Bill text as passed House and Senate (HB1504ER) pdf
- 03/28/96 Governor: Acts of Assembly Chapter text (CHAP0298) pdf
HISTORY
- 01/22/96 House: Presented & ordered printed 964385805
- 01/22/96 House: Referred to Committee on General Laws
- 01/24/96 House: Assigned to General Laws sub-committee: 1
- 02/01/96 House: Reported from General Laws (22-Y 0-N)
- 02/02/96 House: Read first time
- 02/05/96 House: Read second time and engrossed
- 02/06/96 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 02/06/96 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/06/96 House: Communicated to Senate
- 02/07/96 Senate: Read first time
- 02/07/96 Senate: Referred to Committee on General Laws
- 02/21/96 Senate: Reported from General Laws (15-Y 0-N)
- 02/22/96 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/22/96 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/23/96 Senate: Read third time
- 02/23/96 Senate: Passed Senate (39-Y 0-N)
- 02/23/96 Senate: VOTE: PASSAGE (39-Y 0-N)
- 02/23/96 Senate: Rec. of passage agreed to by Senate (40-Y 0-N)
- 02/23/96 Senate: VOTE: (40-Y 0-N)
- 02/23/96 Senate: Passed Senate (40-Y 0-N)
- 02/23/96 Senate: VOTE: PASSAGE (40-Y 0-N)
- 03/06/96 House: Bill text as passed House and Senate (HB1504ER)
- 03/08/96 House: Enrolled
- 03/09/96 House: Signed by Speaker
- 03/10/96 Senate: Signed by President
- 03/20/96 Governor: Approved by Governor-Chapter 298 (effective 7/1/96)
- 03/28/96 Governor: Acts of Assembly Chapter text (CHAP0298)