HB 1504 Housing Development Authority; bonds or notes.
Alan A. Diamonstein | all patrons    ...    notes
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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

Status:
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)