HB 2820 Real Estate Cooperative Act; reserves for capital components.
Kenneth C. Alexander | all patrons    ...    notes
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Summary as introduced:
Virginia Real Estate Cooperative Act; reserves for capital components.  Requires the board in a real estate cooperative to conduct a reserve study and make provision for a reserve account for capital components. The bill requires that disclosure of the reserve fund be made in the public offering and statement as well as the resale certificate. The bill defines capital components. Requirements for reserves are currently only found in the Condominium and Property Owners' Association Acts.  The bill also contains technical amendments.

Full text:
01/18/05  House: Presented & ordered printed 053617208  pdf
03/07/05  House: Bill text as passed House and Senate (HB2820ER)  pdf
03/29/05  Governor: Acts of Assembly Chapter text (CHAP0436)  pdf

Status:
01/18/05  House: Presented & ordered printed 053617208
01/18/05  House: Referred to Committee on General Laws
01/24/05  House: Assigned to General Laws sub-committee: Subcommittee #1...
02/01/05  House: Reported from General Laws (22-Y 0-N)
02/02/05  House: Read first time
02/03/05  House: Read second time and engrossed
02/04/05  House: Read third time and passed House BLOCK VOTE (95-Y 0-N)
02/04/05  House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
02/04/05  House: Reconsideration of passage agreed to by House
02/04/05  House: Passed House BLOCK VOTE (96-Y 0-N)
02/04/05  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
02/04/05  House: Communicated to Senate
02/07/05  Senate: Constitutional reading dispensed
02/07/05  Senate: Referred to Committee on General Laws
02/16/05  Senate: Reported from General Laws (15-Y 0-N)
02/18/05  Senate: Constitutional reading dispensed (38-Y 0-N)
02/18/05  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
02/21/05  Senate: Read third time
02/21/05  Senate: Passed Senate (40-Y 0-N)
02/21/05  Senate: VOTE: PASSAGE R (40-Y 0-N)
03/07/05  House: Bill text as passed House and Senate (HB2820ER)
03/09/05  House: Enrolled
03/09/05  House: Signed by Speaker
03/11/05  Senate: Signed by President
03/21/05  Governor: Approved by Governor-Chapter 436 (effective 7/1/05)
03/29/05  Governor: Acts of Assembly Chapter text (CHAP0436)