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

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	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	us/states/va	Virginia General Assembly	2018	SB 443	Virginia SB 443 (2018)	bill	Commissions Boards and Institutions Generally Property and Conveyances	enacted	John A. Cosgrove, Jr.	2	15	5	2018-01-09	2018-03-02	openstates	ocd-bill/44129c2e-c88b-4a61-a3c9-0330a068df1c	http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB443	7705ec56c723d98bc076e50a784e41de00b3a94297562d2bf55203f9bdf8c580	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	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
2. Senate: Prefiled and ordered printed; offered 01/10/18 18104471D (committee substitute) — source

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; origin ocd-bill/44129c2e-c88b-4a61-a3c9-0330a068df1c. Confidence: reported (aggregated from official Virginia legislature records).