2010 Regular Session

SENATE BILL 780

CHAPTER NUMBER: 609
File Code: Real Property Crossfiled with: HOUSE BILL 869
Sponsored By:
Senators Raskin, Frosh, Gladden, Forehand, Jacobs, Muse, Simonaire, and Stone
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.
Senate Action
2/10
First Reading Judicial Proceedings
2/12
Hearing 3/4 at 1:00 p.m.
3/22
Favorable with Amendments Report by Judicial Proceedings
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (44-0)
4/6
Returned Passed
House Action
3/23
First Reading Environmental Matters
3/30
Hearing 4/8 at 1:00 p.m.
4/9
Favorable Report by Environmental Matters
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (140-0)
Action after passage in Senate and House
5/20
Approved by the Governor
- Chapter 609

Sponsored by:

Senator Jamie Raskin, District 20
Senator Jennie M. Forehand, District 17
Senator Brian E. Frosh, District 16
Senator Lisa A. Gladden, District 41
Senator Nancy Jacobs, District 34
Senator C. Anthony Muse, District 26
Senator Bryan W. Simonaire, District 31
Senator Norman R. Stone, Jr., District 6

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 )
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:
Senate
Number: 658676/01     Offered on: March 25, 2010   at: 12:25 p.m.     Status: Adopted
Committee Votes :
Senate
Judicial Proceedings
House
Environmental Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2010: Third Reading Passed (44-0)
House
April 3, 2010: Third Reading Passed (140-0)