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2023 SESSION

• | print version

SB 969 Virginia Real Estate Time-Share Act; alternative purchases.

Introduced by: T. Montgomery "Monty" Mason | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Real Estate Time-Share Act; alternative purchases. Removes the requirement under the Virginia Real Estate Time-Share Act that a time-share instrument executed by a time-share estate project developer state whether such developer reserves the right to add to or delete any alternative purchase and requires that the public offering statement distributed to each prospective purchaser of a time-share disclose whether the developer will offer any alternative purchase. This bill is identical to HB 1955.

FULL TEXT

• 01/06/23  Senate: Prefiled and ordered printed; offered 01/11/23 23101496D  pdf | impact statement
• 02/16/23  Senate: Bill text as passed Senate and House (SB969ER)  pdf | impact statement
• 03/21/23  Governor: Acts of Assembly Chapter text (CHAP0053)  pdf

HISTORY

• 01/06/23  Senate: Prefiled and ordered printed; offered 01/11/23 23101496D
• 01/06/23  Senate: Referred to Committee on General Laws and Technology
• 01/11/23  Senate: Reported from General Laws and Technology (14-Y 0-N)
• 01/13/23  Senate: Constitutional reading dispensed (36-Y 0-N)
• 01/16/23  Senate: Read second time and engrossed
• 01/17/23  Senate: Read third time and passed Senate (38-Y 0-N)
• 02/09/23  House: Placed on Calendar
• 02/09/23  House: Read first time
• 02/09/23  House: Referred to Committee on General Laws
• 02/09/23  House: Reported from General Laws (22-Y 0-N)
• 02/13/23  House: Read second time
• 02/14/23  House: Read third time
• 02/14/23  House: Passed House BLOCK VOTE (99-Y 0-N)
• 02/14/23  House: VOTE: Block Vote Passage (99-Y 0-N)
• 02/16/23  Senate: Enrolled
• 02/16/23  Senate: Bill text as passed Senate and House (SB969ER)
• 02/16/23  Senate: Signed by President
• 02/16/23  House: Signed by Speaker
• 03/02/23  Senate: Enrolled Bill Communicated to Governor on March 2, 2023
• 03/02/23  Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
• 03/21/23  Governor: Approved by Governor-Chapter 53 (effective 7/1/23)
• 03/21/23  Governor: Acts of Assembly Chapter text (CHAP0053)