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SB600

Virginia Real Estate Time-Share Act; partial termination of certain time-shares.

Status:
Enacted

Chief Patron:
Mark Obenshain (R)

Session:
2024 Regular Session

Summary

As Passed House of Origin. Virginia Real Estate Time-Share Act; partial termination of certain time-shares.

Allows for the partial termination of a time-share project by a developer or an association and provides the procedures for any such partial termination. The bill also sets a one-year statute of limitations on any legal challenge or action for damages or equitable relief arising out of any termination of a time-share project in accordance with the provisions of the Virginia Real Estate Time-Share Act. The bill's provisions are declared to be effective retroactive in accordance with certain provisions of the Virginia Real Estate Time-Share Act. This bill is identical to HB 1241. (Less)
  • Bill History

  • 01/10/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24102409D
  • 01/10/2024 - Senate: Referred to Committee on General Laws and Technology
  • 01/22/2024 - Senate: Impact statement from DPB (SB600)
  • 02/07/2024 - Senate: Senate committee, floor amendments and substitutes offered
  • 02/07/2024 - Senate: Reported from General Laws and Technology with amendments (15-Y 0-N)
  • 02/08/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/09/2024 - Senate: Read second time
  • 02/09/2024 - Senate: Reading of amendments waived
  • 02/09/2024 - Senate: Committee amendments agreed to
  • 02/09/2024 - Senate: Engrossed by Senate as amended SB600E
  • 02/09/2024 - Senate: Printed as engrossed 24102409D-E
  • 02/09/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/09/2024 - Senate: Passed Senate (40-Y 0-N)
  • 02/12/2024 - Senate: Impact statement from DPB (SB600E)
  • 02/15/2024 - House: Placed on Calendar
  • 02/15/2024 - House: Read first time
  • 02/15/2024 - House: Referred to Committee on General Laws
  • 02/20/2024 - House: Reported from General Laws (21-Y 0-N)
  • 02/22/2024 - House: Read second time
  • 02/23/2024 - House: Read third time
  • 02/23/2024 - House: Passed House BLOCK VOTE (98-Y 0-N)
  • 02/23/2024 - House: VOTE: Block Vote Passage (98-Y 0-N)
  • 02/28/2024 - Senate: Enrolled
  • 02/28/2024 - Senate: Bill text as passed Senate and House (SB600ER)
  • 02/28/2024 - Senate: Impact statement from DPB (SB600ER)
  • 02/28/2024 - House: Signed by Speaker
  • 03/02/2024 - Senate: Signed by President
  • 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
  • 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
  • 04/05/2024 - Governor: Approved by Governor-Chapter 602 (effective - see bill)
  • 04/05/2024 - Governor: Acts of Assembly Chapter text (CHAP0602)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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