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/2024/sb-510.md

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+---
+type: "Bill"
+title: "Investment of public funds; qualified public entity allowed to invest in asset-backed securities."
+description: "Investment of public funds. Allows any qualified public entity of the Commonwealth to invest in asset-backed securities that are guaranteed by the United States or any agency thereof. This bill is identical to HB 356."
+jurisdiction: "us/states/va"
+legislature: "Virginia General Assembly"
+session: "2024"
+identifier: "SB 510"
+citation: "Virginia SB 510 (2024)"
+classification: ["bill"]
+subjects: []
+status: "enacted"
+primary_sponsors: ["William M. Stanley, Jr."]
+version_count: 4
+action_count: 30
+vote_count: 5
+first_action: "2024-01-09"
+last_action: "2024-03-14"
+source: "openstates"
+source_identifier: "ocd-bill/dd29b53c-7299-4a64-a026-f772fad54561"
+source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB510"
+source_hash: "34698651464b42539bf5e088fc5fa3b35e2636a1011e29469c9a3615f65015cb"
+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 510 (2024) — Investment of public funds; qualified public entity allowed to invest in asset-backed securities.
+
+Investment of public funds. Allows any qualified public entity of the Commonwealth to invest in asset-backed securities that are guaranteed by the United States or any agency thereof. This bill is identical to HB 356.
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **CHAP0066** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0066)
+2. **Committee substitute printed 24106101D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB510S1)
+3. **Prefiled and ordered printed; offered 01/10/24 24102814D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB510)
+4. **SB510ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB510ER)
+
+## Votes
+
+- Reported from Appropriations (22-Y 0-N) — **22–0** (pass) · lower
+- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
+- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
+- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
+- Reported from Finance and Appropriations with substitute (14-Y 0-N) — **14–0** (pass) · upper
+
+## Sponsors
+
+- William M. Stanley, Jr. — primary (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24102814D `filing, introduction`
+- **2024-01-09** Referred to Committee on Finance and Appropriations `referral-committee`
+- **2024-01-12** Impact statement from DPB (SB510)
+- **2024-01-24** Senate committee, floor amendments and substitutes offered
+- **2024-01-24** Reported from Finance and Appropriations with substitute (14-Y 0-N) `committee-passage`
+- **2024-01-24** Committee substitute printed 24106101D-S1 `substitution`
+- **2024-01-25** Constitutional reading dispensed (40-Y 0-N)
+- **2024-01-26** Impact statement from DPB (SB510S1)
+- **2024-01-26** Read second time `reading-2`
+- **2024-01-26** Reading of substitute waived
+- **2024-01-26** Committee substitute agreed to 24106101D-S1 `substitution`
+- **2024-01-26** Engrossed by Senate - committee substitute SB510S1 `substitution`
+- **2024-01-29** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
+- **2024-02-13** Placed on Calendar
+- **2024-02-13** Read first time `reading-1`
+- **2024-02-13** Referred to Committee on Appropriations `referral-committee`
+- **2024-02-19** Reported from Appropriations (22-Y 0-N) `committee-passage`
+- **2024-02-21** Read second time `reading-2`
+- **2024-02-22** Read third time `reading-3`
+- **2024-02-22** Passed House BLOCK VOTE (99-Y -0-N) `passage`
+- **2024-02-22** VOTE: Block Vote Passage (99-Y 0-N) `passage`
+- **2024-02-27** Enrolled `enrolled`
+- **2024-02-27** Bill text as passed Senate and House (SB510ER) `passage`
+- **2024-02-27** Signed by Speaker `passage`
+- **2024-02-28** Impact statement from DPB (SB510ER)
+- **2024-03-01** Signed by President `passage`
+- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
+- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
+- **2024-03-14** Approved by Governor-Chapter 66 (effective 7/1/24) `executive-signature`
+- **2024-03-14** Acts of Assembly Chapter text (CHAP0066)
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/dd29b53c-7299-4a64-a026-f772fad54561`. Confidence: reported (aggregated from official Virginia legislature records).
+