Fabio
98 lines
7.4 KiB
Markdown
98 lines
7.4 KiB
Markdown
---
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type: "Bill"
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title: "Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers."
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description: "Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers; market valuation study. Provides that a term of an initial agreement between a jobber/distributor and a dealer relating to specific marketing premises shall not be less than one year and that the term of all subsequent agreements between the jobber/distributor and the dealer relating to the same marketing premises shall not be for less than three years. The bill provides that rental provisions in any such agreement or franchise shall be based on commercially fair and reasonable standards at a fair market value of the leased marketing premises under an objectively reasonable analysis, uniformly applied to all similarly situated dealers of the same jobber/distributor in the same geographic area. If a dealer believes the terms of the agreement offered do not meet a fair market value, such dealer may hire, at his expense, an independent third-party appraisal company from a list of appraisal companies provided by the jobber/distributor to provide a market valuation study. The bill provides that such study shall (i) be for informational purposes only, (ii) not require either party to disclose confidential business information, and (iii) not bind either party. The provisions of the bill apply to Planning District 8 and to initial franchise agreements and renewals of franchise agreements entered into after July 1, 2024. This bill is identical to HB 392."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "SB 248"
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citation: "Virginia SB 248 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Jeremy S. McPike"]
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version_count: 4
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action_count: 31
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vote_count: 6
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first_action: "2024-01-09"
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last_action: "2024-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/6d83a537-8910-438a-94a8-94ccca490ab8"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB248"
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source_hash: "4726716c13086a70263f58a571582506533d920f012be9acb0ac699653137dac"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 248 (2024) — Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers.
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Virginia Petroleum Products Franchise Act; agreements between jobber/distributors and dealers; market valuation study. Provides that a term of an initial agreement between a jobber/distributor and a dealer relating to specific marketing premises shall not be less than one year and that the term of all subsequent agreements between the jobber/distributor and the dealer relating to the same marketing premises shall not be for less than three years. The bill provides that rental provisions in any such agreement or franchise shall be based on commercially fair and reasonable standards at a fair market value of the leased marketing premises under an objectively reasonable analysis, uniformly applied to all similarly situated dealers of the same jobber/distributor in the same geographic area. If a dealer believes the terms of the agreement offered do not meet a fair market value, such dealer may hire, at his expense, an independent third-party appraisal company from a list of appraisal companies provided by the jobber/distributor to provide a market valuation study. The bill provides that such study shall (i) be for informational purposes only, (ii) not require either party to disclose confidential business information, and (iii) not bind either party. The provisions of the bill apply to Planning District 8 and to initial franchise agreements and renewals of franchise agreements entered into after July 1, 2024. This bill is identical to HB 392.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0668** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0668)
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2. **Committee substitute printed 24106531D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB248S1)
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3. **Prefiled and ordered printed; offered 01/10/24 24104320D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB248)
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4. **SB248ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB248ER)
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## Votes
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- Reported from Commerce and Labor with substitute (15-Y 0-N) — **15–0** (pass) · upper
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- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- VOTE: Passage (53-Y 45-N) — **52–45** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Labor and Commerce (14-Y 8-N) — **14–8** (pass) · lower
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## Sponsors
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- Jeremy S. McPike — primary (person)
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- Irene Shin — cosponsor (person)
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- Saddam Azlan Salim — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-09** Prefiled and ordered printed; offered 01/10/24 24104320D `filing, introduction`
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- **2024-01-09** Referred to Committee on Commerce and Labor `referral-committee`
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- **2024-01-18** Impact statement from DPB (SB248)
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- **2024-02-05** Senate committee, floor amendments and substitutes offered
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- **2024-02-05** Reported from Commerce and Labor with substitute (15-Y 0-N) `committee-passage`
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- **2024-02-05** Committee substitute printed 24106531D-S1 `substitution`
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- **2024-02-07** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-08** Read second time `reading-2`
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- **2024-02-08** Reading of substitute waived
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- **2024-02-08** Committee substitute agreed to 24106531D-S1 `substitution`
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- **2024-02-08** Engrossed by Senate - committee substitute SB248S1 `substitution`
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- **2024-02-08** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-08** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
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- **2024-02-14** Placed on Calendar
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- **2024-02-14** Read first time `reading-1`
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- **2024-02-14** Referred to Committee on Labor and Commerce `referral-committee`
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- **2024-02-20** Impact statement from DPB (SB248S1)
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- **2024-02-20** Reported from Labor and Commerce (14-Y 8-N) `committee-passage`
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- **2024-02-22** Read second time `reading-2`
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- **2024-02-23** Read third time `reading-3`
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- **2024-02-23** Passed House (53-Y 45-N) `passage`
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- **2024-02-23** VOTE: Passage (53-Y 45-N) `passage`
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- **2024-02-28** Enrolled `enrolled`
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- **2024-02-28** Bill text as passed Senate and House (SB248ER) `passage`
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- **2024-02-28** Signed by Speaker `passage`
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- **2024-02-29** Impact statement from DPB (SB248ER)
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- **2024-03-02** Signed by President `passage`
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- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
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- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-08** Approved by Governor-Chapter 668 (effective 7/1/24) `executive-signature`
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- **2024-04-08** Acts of Assembly Chapter text (CHAP0668)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6d83a537-8910-438a-94a8-94ccca490ab8`. Confidence: reported (aggregated from official Virginia legislature records).
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