2010 Regular Session

HOUSE BILL 869

CHAPTER NUMBER: 610
File Code: Real Property Crossfiled with: SENATE BILL 780
Sponsored By:
Delegates V. Clagett, Niemann, Ali, Anderson, Beidle, Bobo, Carr, Frush, Gilchrist, Healey, Hucker, Lafferty, and Sossi
Entitled:
Real Property - Affordable Housing Land Trusts

Synopsis:

Exempting a specified affordable housing land trust agreement from the application of the common law rule against perpetuities; authorizing an affordable housing land trust agreement to be recorded in the land records; exempting an affordable housing land trust agreement from specified provisions relating to a possibility of reverter and right of entry and the creation and redemption of reversionary interests; requiring the Department to maintain an online list of registered affordable housing land trusts; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/10
First Reading Environmental Matters
2/17
Hearing 3/4 at 1:00 p.m.
3/22
Favorable with Amendments Report by Environmental Matters
3/21
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (140-0)
3/30
Returned Passed
Senate Action
3/25
First Reading Judicial Proceedings
4/2
Favorable Report by Judicial Proceedings
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (47-0)
Action after passage in House and Senate
5/20
Approved by the Governor
- Chapter 610

Sponsored by:

Delegate Virginia P. Clagett, District 30
Delegate Saqib Ali, District 39
Delegate Curt Anderson, District 43
Delegate Pamela Beidle, District 32
Delegate Elizabeth Bobo, District 12B
Delegate Alfred C. Carr, Jr., District 18
Delegate Barbara Frush, District 21
Delegate Jim Gilchrist, District 17
Delegate Anne Healey, District 22
Delegate Tom Hucker, District 20
Delegate Stephen W. Lafferty, District 42
Delegate Doyle L. Niemann, District 47
Delegate Richard A. Sossi, District 36

Bill indexed under the following Subjects:

Assessments
Assessments and Taxation, Department of
Contracts -see also- Land Installment Contracts; Procurement
Disclosure
Electronic Government
Estates and Trusts
Housing -see also- Apartments; Condominiums; Mobile Homes
Land Records -see also- Deeds
Leases and Rent
Nonprofit Organizations
Property Tax
Real Property
Recordation
Records -see also- Land Records; Vital Records
Registration -see also- Motor Vehicle Registration
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Transfer Tax

Bill affects the following Statutes:

Estates and Trusts
( 11-102 , 11-102 , 11-102 )
Real Property
( 3-102 , 6-101 , 8-110 , 8-111.2 , 14-501 , 14-502 , 14-503 , 14-504 , 14-505 , 14-506 , 14-507 , 14-508 , 14-509 , 14-510 , 14-511 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
House
Number: 230415/02     Offered on: March 23, 2010   at: 10:38 a.m.     Status: Adopted
Committee Votes :
House
Environmental Matters
Senate
Judicial Proceedings
Roll Call Votes (Legislative dates are shown):
House
March 22, 2010: Third Reading Passed (140-0)
Senate
April 1, 2010: Third Reading Passed (47-0)