SB 911 Commercial Code; Government bonds.
Thomas K. Norment, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Government bonds. Provides that Article 9 of the Uniform Commercial Code (Secured Transactions) does not apply to a sale of promissory notes by the Commonwealth or a governmental unit of the Commonwealth in connection with or in furtherance of its borrowing power. Also exempt is the creation, perfection, priority, and enforcement of a security interest, lien or pledge created, made or granted by the governmental unit to pay or secure any bonds, notes, obligations or other debt securities issued thereby. Security interests, liens or pledges created by the governmental unit in goods or software, or the proceeds thereof, are governed by the UCC.

Full text:
01/10/01  Senate: Presented & ordered printed, prefiled 01/05/01 016032208  pdf | impact statement
02/22/01  Senate: Bill text as passed Senate and House (SB911ER)  pdf | impact statement
03/19/01  Governor: Acts of Assembly Chapter text (CHAP0289)  pdf

Status:
01/10/01  Senate: Presented & ordered printed, prefiled 01/05/01 016032208
01/10/01  Senate: Referred to Committee on Finance
01/16/01  Senate: Reported from Finance (15-Y 0-N)
01/17/01  Senate: Constitutional reading dispensed (39-Y 0-N)
01/17/01  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
01/19/01  Senate: Read second time and engrossed
01/22/01  Senate: Read third time and passed Senate (39-Y 0-N)
01/22/01  Senate: VOTE: PASSAGE R (39-Y 0-N)
01/22/01  Senate: Communicated to House
02/06/01  House: Placed on Calendar
02/06/01  House: Read first time
02/06/01  House: Referred to Committee on Finance
02/14/01  House: Reported from Finance (23-Y 0-N)
02/16/01  House: Read second time
02/19/01  House: Read third time
02/19/01  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/19/01  House: Passed House BLOCK VOTE (100-Y 0-N)
02/22/01  Senate: Bill text as passed Senate and House (SB911ER)
02/23/01  Senate: Enrolled
02/26/01  Senate: Signed by President
02/26/01  House: Signed by Speaker
03/15/01  Governor: Approved by Governor-Chapter 289 (effective 7/1/01)
03/19/01  Governor: Acts of Assembly Chapter text (CHAP0289)