Legislation: batch E — CA TN VA VT WA WI WV WY

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legislation/us/states/va/2018/sb-443.md

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+---
+type: "Bill"
+title: "Common Interest Community Board; developer may obtain surety bond or letter of credit."
+description: "Provides that in lieu of escrowing deposits made in connection with the purchase or reservation of a time-share product a developer may obtain a corporate surety bond or letter of credit with the Common Interest Community Board where the time-share project consists of more than 25 units. Currently, the developer is required to escrow the individual deposits for every purchase and file with the Board a bond or letter of credit or cash for the purpose of protecting all deposits. This bill is identical to"
+jurisdiction: "us/states/va"
+legislature: "Virginia General Assembly"
+session: "2018"
+identifier: "SB 443"
+citation: "Virginia SB 443 (2018)"
+classification: ["bill"]
+subjects: ["Commissions", "Boards and Institutions Generally", "Property and Conveyances"]
+status: "enacted"
+primary_sponsors: ["John A. Cosgrove, Jr."]
+version_count: 2
+action_count: 15
+vote_count: 5
+first_action: "2018-01-09"
+last_action: "2018-03-02"
+source: "openstates"
+source_identifier: "ocd-bill/44129c2e-c88b-4a61-a3c9-0330a068df1c"
+source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB443"
+source_hash: "7705ec56c723d98bc076e50a784e41de00b3a94297562d2bf55203f9bdf8c580"
+vintage: "2026-07-01"
+source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
+retrieved_at: "2026-07-06"
+confidence: "reported"
+tags: ["legislation", "bill", "us-va"]
+---
+
+# Virginia SB 443 (2018) — Common Interest Community Board; developer may obtain surety bond or letter of credit.
+
+Provides that in lieu of escrowing deposits made in connection with the purchase or reservation of a time-share product a developer may obtain a corporate surety bond or letter of credit with the Common Interest Community Board where the time-share project consists of more than 25 units. Currently, the developer is required to escrow the individual deposits for every purchase and file with the Board a bond or letter of credit or cash for the purpose of protecting all deposits. This bill is identical to
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **Senate: Bill text as passed Senate and House (SB443ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB443ER)
+2. **Senate: Prefiled and ordered printed; offered 01/10/18 18104471D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+SB443)
+
+## Votes
+
+- Passed House BLOCK VOTE — **100–0** (pass) · legislature
+- Constitutional reading dispensed — **40–0** (pass) · legislature
+- Reported from General Laws — **22–0** (pass) · legislature
+- Read third time and passed Senate — **39–0** (pass) · legislature
+- Reported from General Laws and Technology — **14–0** (pass) · legislature
+
+## Sponsors
+
+- John A. Cosgrove, Jr. — primary (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2018-01-09** Prefiled and ordered printed; offered 01/10/18 18104471D `introduction`
+- **2018-01-09** Referred to Committee on General Laws and Technology `referral-committee`
+- **2018-01-18** Read second time and engrossed `reading-2`
+- **2018-01-23** Placed on Calendar
+- **2018-01-23** Read first time `reading-1`
+- **2018-01-23** Referred to Committee on General Laws `referral-committee`
+- **2018-02-19** Read second time `reading-2`
+- **2018-02-20** Read third time `reading-3`
+- **2018-02-20** Passed House BLOCK VOTE (100-Y 0-N) `passage`
+- **2018-02-22** Enrolled
+- **2018-02-22** Signed by Speaker
+- **2018-02-23** Signed by President
+- **2018-02-26** Enrolled Bill Communicated to Governor on February 26, 2018
+- **2018-02-26** Governor's Action Deadline Midnight, March 5, 2018
+- **2018-03-02** Approved by Governor-Chapter 133 (effective 7/1/18) `executive-signature`
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/44129c2e-c88b-4a61-a3c9-0330a068df1c`. Confidence: reported (aggregated from official Virginia legislature records).
+