Virginia Senate Bill 414 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 1 2016 - 100% progression
Action: 2016-03-01 - Governor: Acts of Assembly Chapter text (CHAP0159)
Text: Latest bill text (Chaptered) [HTML]

Land Bank Entities Act. Authorizes the establishment of a land bank entity by any locality or two or more localities combined to assist in addressing vacant, abandoned, and tax-delinquent real properties. Under the bill, the locality has the option of (i) creating an authority or a nonprofit, nonstock corporation or (ii) designating an existing nonprofit entity that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code and eligible to receive donations from a locality pursuant to § 15.2-953 to carry out the functions of such land entity. The bill provides that land bank entities may acquire real property within participating localities or receive transfers and conveyances from the participating localities. Land bank entities are authorized to receive funding through grants and loans from participating localities, the Commonwealth, the federal government, and other public and private sources. In addition, the bill authorizes a locality to deem paid in full all accumulated taxes, penalties, interest, and other costs on any tax-delinquent property in exchange for conveyance of the property by the owner to a land bank entity. The bill also authorizes a participating locality to remit to the land bank entity up to 50 percent of the real property taxes collected on real property conveyed by a land bank entity for up to 10 years after the conveyance. This bill is a recommendation of the Virginia Housing Commission.

Land Bank Entities Act.

Sen. George Barker [D]

2016-02-23 - House - House: VOTE: PASSAGE (82-Y 17-N) (Y: 84 N: 18 NV: 1 Abs: 0) [PASS]
2016-02-19 - House - House: Reported from Counties, Cities and Towns (20-Y 1-N) (Y: 21 N: 1 NV: 1 Abs: 0) [PASS]
2016-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-04 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-02 - Senate - Senate: Reported from Local Government with amendments (11-Y 0-N) (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2016-03-01		Governor: Acts of Assembly Chapter text (CHAP0159)
2016-03-01		Governor: Approved by Governor-Chapter 159 (effective 7/1/16)
2016-02-25		Governor: Governor's Action Deadline Midnight, March 3, 2016
2016-02-25	Senate	Enrolled Bill Communicated to Governor on 2/25/16
2016-02-25	Senate	Signed by President
2016-02-24	House	Signed by Speaker
2016-02-24	Senate	Bill text as passed Senate and House (SB414ER)
2016-02-24	Senate	Enrolled
2016-02-23	House	VOTE: PASSAGE (82-Y 17-N)
2016-02-23	House	Passed House (82-Y 17-N)
2016-02-23	House	Read third time
2016-02-22	House	Read second time
2016-02-19	House	Reported from Counties, Cities and Towns (20-Y 1-N)
2016-02-11	House	Referred to Committee on Counties, Cities and Towns
2016-02-11	House	Read first time
2016-02-11	House	Placed on Calendar
2016-02-08	Senate	Read third time and passed Senate (40-Y 0-N)
2016-02-05	Senate	Printed as engrossed 16103380D-E
2016-02-05	Senate	Engrossed by Senate as amended SB414E
2016-02-05	Senate	Committee amendments agreed to
2016-02-05	Senate	Reading of amendments waived
2016-02-05	Senate	Read second time
2016-02-04	Senate	Constitutional reading dispensed (40-Y 0-N)
2016-02-02	Senate	Reported from Local Government with amendments (11-Y 0-N)
2016-01-12	Senate	Referred to Committee on Local Government
2016-01-12	Senate	Prefiled and ordered printed; offered 01/13/16 16103380D

HB268 (Same As) 2016-03-11 - Governor: Acts of Assembly Chapter text reprinted (CHAP0383)

Chapter	Article	Section	Citation Type	Statute Text
15	2	7500	(n/a)	See Bill Text
15	2	7512	(n/a)	See Bill Text
58	1	3970.2	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+SB414
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB414+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB414E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB414ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0159+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S07V0025+SB0414
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0201SB0414+SB0414
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0228SB0414+SB0414
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H07V0062+SB0414
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV0839+SB0414