Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
5.0 KiB
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 | |||||
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| Bill | Credit unions; board of directors compensation. | Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813. | us/states/va | Virginia General Assembly | 2020 | SB 296 | Virginia SB 296 (2020) |
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enacted |
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4 | 27 | 5 | 2020-01-03 | 2020-03-31 | openstates | ocd-bill/7360ce08-e15e-467a-90cc-a7fd47182b91 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB296 | 67018393ff9ce5f82ae024b6fd7091fef93154676c9b930e20cca61a6c423422 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia SB 296 (2020) — Credit unions; board of directors compensation.
Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Acts of Assembly Chapter text (CHAP0547) (committee substitute) — source
- Bill text as passed Senate and House (SB296ER) (committee substitute) — source
- Engrossed by Senate - committee substitute SB296S1 (committee substitute) — source
- Impact statement from SCC (SB296) (committee substitute) — source
Votes
- Reported from Labor and Commerce (20-Y 0-N) — 20–0 (pass) · lower
- VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
- Read third time and passed Senate (39-Y 0-N) — 39–0 (pass) · upper
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- Reported from Commerce and Labor with substitute (15-Y 0-N) — 15–0 (pass) · upper
Sponsors
- David W. Marsden — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2020-01-03 Prefiled and ordered printed; offered 01/08/20 20102695D
introduction - 2020-01-03 Referred to Committee on Commerce and Labor
referral-committee - 2020-01-07 Impact statement from SCC (SB296)
- 2020-01-20 Reported from Commerce and Labor with substitute (15-Y 0-N)
committee-passage - 2020-01-20 Committee substitute printed 20106137D-S1
substitution - 2020-01-22 Constitutional reading dispensed (40-Y 0-N)
- 2020-01-23 Read second time
reading-2 - 2020-01-23 Reading of substitute waived
- 2020-01-23 Committee substitute agreed to 20106137D-S1
- 2020-01-23 Engrossed by Senate - committee substitute SB296S1
- 2020-01-24 Read third time and passed Senate (39-Y 0-N)
passage, reading-3 - 2020-01-30 Impact statement from SCC (SB296S1)
- 2020-02-18 Placed on Calendar
- 2020-02-18 Read first time
reading-1 - 2020-02-18 Referred to Committee on Labor and Commerce
referral-committee - 2020-02-25 Reported from Labor and Commerce (20-Y 0-N)
committee-passage - 2020-02-27 Read second time
reading-2 - 2020-02-28 Read third time
reading-3 - 2020-02-28 Passed House BLOCK VOTE (100-Y 0-N)
passage - 2020-02-28 VOTE: Block Vote Passage (100-Y 0-N)
- 2020-03-05 Enrolled
- 2020-03-05 Impact statement from SCC (SB296ER)
- 2020-03-06 Signed by Speaker
- 2020-03-07 Signed by President
- 2020-03-12 Enrolled Bill Communicated to Governor on March 12, 2020
- 2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
- 2020-03-31 Approved by Governor-Chapter 547 (effective 7/1/20)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7360ce08-e15e-467a-90cc-a7fd47182b91. Confidence: reported (aggregated from official Virginia legislature records).