VA SB248 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 8 2024 - 100% progression
Action: 2024-04-08 - Governor: Acts of Assembly Chapter text (CHAP0668)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 8 2024 - 100% progression
Action: 2024-04-08 - Governor: Acts of Assembly Chapter text (CHAP0668)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers; market valuation study. Provides that a term of an initial agreement between a jobber/distributor and a dealer relating to specific marketing premises shall not be less than one year and that the term of all subsequent agreements between the jobber/distributor and the dealer relating to the same marketing premises shall not be for less than three years. The bill provides that rental provisions in any such agreement or franchise shall be based on commercially fair and reasonable standards at a fair market value of the leased marketing premises under an objectively reasonable analysis, uniformly applied to all similarly situated dealers of the same jobber/distributor in the same geographic area. If a dealer believes the terms of the agreement offered do not meet a fair market value, such dealer may hire, at his expense, an independent third-party appraisal company from a list of appraisal companies provided by the jobber/distributor to provide a market valuation study. The bill provides that such study shall (i) be for informational purposes only, (ii) not require either party to disclose confidential business information, and (iii) not bind either party. The provisions of the bill apply to Planning District 8 and to initial franchise agreements and renewals of franchise agreements entered into after July 1, 2024.
Title
Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers.
Sponsors
Roll Calls
2024-02-23 - House - House: VOTE: Passage (53-Y 45-N) (Y: 53 N: 45 NV: 0 Abs: 2) [PASS]
2024-02-20 - House - House: Reported from Labor and Commerce (14-Y 8-N) (Y: 14 N: 8 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-20 - House - House: Reported from Labor and Commerce (14-Y 8-N) (Y: 14 N: 8 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-08 | Governor: Acts of Assembly Chapter text (CHAP0668) | |
| 2024-04-08 | Governor: Approved by Governor-Chapter 668 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | Senate | Enrolled Bill Communicated to Governor on March 11, 2024 |
| 2024-03-02 | Senate | Signed by President |
| 2024-02-28 | House | Signed by Speaker |
| 2024-02-28 | Senate | Bill text as passed Senate and House (SB248ER) |
| 2024-02-28 | Senate | Enrolled |
| 2024-02-23 | House | VOTE: Passage (53-Y 45-N) |
| 2024-02-23 | House | Passed House (53-Y 45-N) |
| 2024-02-23 | House | Read third time |
| 2024-02-22 | House | Read second time |
| 2024-02-20 | House | Reported from Labor and Commerce (14-Y 8-N) |
| 2024-02-14 | House | Referred to Committee on Labor and Commerce |
| 2024-02-14 | House | Read first time |
| 2024-02-14 | House | Placed on Calendar |
| 2024-02-08 | Senate | Read third time and passed Senate (40-Y 0-N) |
| 2024-02-08 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-08 | Senate | Engrossed by Senate - committee substitute SB248S1 |
| 2024-02-08 | Senate | Committee substitute agreed to 24106531D-S1 |
| 2024-02-08 | Senate | Reading of substitute waived |
| 2024-02-08 | Senate | Read second time |
| 2024-02-07 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-05 | Senate | Committee substitute printed 24106531D-S1 |
| 2024-02-05 | Senate | Reported from Commerce and Labor with substitute (15-Y 0-N) |
| 2024-01-09 | Senate | Referred to Committee on Commerce and Labor |
| 2024-01-09 | Senate | Prefiled and ordered printed; offered 01/10/24 24104320D |
Same As/Similar To
HB392 (Similar To) 2024-04-08 - Governor: Acts of Assembly Chapter text (CHAP0639)
