Bill Text: VA HB374 | 2010 | Regular Session | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Cash proffers; collected or accepted by locality after completion of final inspection.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2010-04-11 - Governor: Acts of Assembly Chapter text (CHAP0549) [HB374 Detail]

Download: Virginia-2010-HB374-Enrolled.html

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VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to delay collection or acceptance of a cash proffer by a locality until issuance of a certificate of occupancy. [H 374] Approved

Be it enacted by the General Assembly of Virginia:

1. §1. Notwithstanding the provisions of any cash proffer requested, offered, or accepted pursuant to §15.2-2298, 15.2-2303, or 15.2-2303.1 of the Code of Virginia for residential construction on a per-dwelling unit or per-home basis, cash payment made pursuant to such a cash proffer shall be collected or accepted by any locality only after completion of the final inspection and prior to the time of the issuance of any certificate of occupancy for the subject property.

2. The provisions of this act shall expire on July 1, 2014.