Source: https://www.richmondsunlight.com/bill/2012/sb472/fulltext/
Timestamp: 2019-08-17 14:53:50
Document Index: 521845522

Matched Legal Cases: ['§ 54', '§ 54', '§ 2', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 55', '§ 54', '§ 54', '§ 55', '§ 55', '§ 55']

Richmond Sunlight » SB472: Common Interest Community Board; authorized to terminate inactive condominium, etc., registrations.
CHAP0481
SB472ER
SB472S1
SENATE BILL NO. 472 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on General Laws and Technology on February 6, 2012) (Patron Prior to Substitute--Senator Locke) A BILL to amend and reenact §§ 54.1-2349, 55-79.93, 55-79.93:1, 55-394.1, 55-504.1, 55-516.1, and 55-530 of the Code of Virginia and to amend the Code of Virginia by adding sections numbered 55-79.93:2 and 55-394.2, relating to common interest communities.
1. That §§ 54.1-2349, 55-79.93, 55-79.93:1, 55-394.1, 55-504.1, 55-516.1, and 55-530 of the Code of Virginia are amended and reenacted and that the Code of Virginia is amended by adding sections numbered 55-79.93:2 and 55-394.2 as follows:
1. Promulgate regulations necessary to carry out the requirements of this chapter in accordance with the provisions of the Administrative Process Act (§ 2.2-4000 et seq.) to include but not be limited to the prescription of fees, procedures, and qualifications for the issuance and renewal of common interest community manager licenses. The Board shall annually assess each common interest community manager an amount equal to the lesser of (i) $1,000, or such other amount as the Board may establish by regulation, or (ii) five hundredths of one percent (0.05%) of the gross receipts from common interest community management during the preceding calendar year. For the purposes of clause (ii), no minimum payment shall be less than $10. The annual payment shall be remitted to the State Treasurer and shall be placed to the credit of the Common Interest Community Management Fund established pursuant to § 55-529;
7. Establish, by regulation, an education-based certification program for persons who are involved in the business or activity of providing management services for compensation to common interest communities. The Board shall have the authority to approve training courses and instructors in furtherance of the provisions of this chapter.
§ 55-79.93. Annual report by declarant.
The declarant shall file a report in the form prescribed by the regulations of the agency within thirty 30 days of each anniversary date of the order registering the condominium. The report shall reflect any material changes in information contained in the original application for registration.
In the event that the annual report reveals that all of the units in the condominium have been disposed of, and that all periods for conversion or expansion have expired, the agency shall issue an order terminating the registration of the condominium.
§ 55-79.93:1. Annual report by unit owners' association.
A. The unit owners' association shall file an annual report in a form and at such time as prescribed by regulations of the agency. The filing of the annual report required by this section shall commence upon the termination of the declarant control period pursuant to § 55-79.74. The annual report shall be accompanied by a fixed fee in an amount established by the agency.
C. The unit owners association shall also remit to the agency an annual payment as follows:
a. $1,000 or such other amount as established by agency regulation; or
b. Five hundredths of one percent (0.05%) of the unit owners' association's gross assessment income during the preceding calendar year.
2. For the purposes of clause b of subsection C, no minimum payment shall be less than $10.00.
D. The annual payment shall be remitted to the State Treasurer and shall be placed to the credit of the Common Interest Community Management Fund established pursuant to § 55-529.
§ 55-79.93:2. Termination of registration.
A. In the event that all of the units in the condominium have been disposed of, and that all periods for conversion or expansion have expired, the agency shall issue an order terminating the registration of the condominium.
B. Notwithstanding any other provision of this chapter, the agency may administratively terminate the registration of a condominium if:
1. The declarant has not filed an annual report in accordance with § 55-79.93 for three or more consecutive years; or
§ 55-394.1. Annual report; amendments.
A. The developer shall file a report in the form prescribed by the Board's regulations by June 30 of each year the registration is effective. The developer of any time-share project initially registered with the Board between January and June shall not be required to file an annual report for the year in which it was initially registered. The report shall reflect any material changes in information contained in the original application for registration or in the immediately preceding annual report, whichever is later, and shall be accompanied by the appropriate fee established by the Board's regulations or pursuant to § 55-392.1.
B. During the developer control period in a time-share estate program, the developer shall file a copy of the unit owners' association annual report required by § 55-370.1 along with the annual report required by this section.
C. The developer shall amend or supplement its registration with the Board to report any material change in the information required by §§ 55-374 and 55-391.1. Such amendments or supplemental information shall be filed with the Board within twenty 20 business days after the occurrence of the material change.
D. In a time-share estate program, if the annual report indicates that the developer has transferred title to the time-share owners' association and that no further development rights exist, the Board shall issue an order terminating the registration of time-share projects.
E. The Board shall issue an order terminating the registration of a time-share project upon application by the developer in which the developer states that no further development right of the project is anticipated and that the developer has ceased sales of time-shares at the project.
§ 55-394.2. Termination of registration.
A. In a time-share estate program, if the annual report indicates that the developer has transferred title to the time-share owners' association and that no further development rights exist, the Board shall issue an order terminating the registration of time-share projects.
B. The Board shall issue an order terminating the registration of a time-share project upon application by the developer in which the developer states that no further development right of the project is anticipated and that the developer has ceased sales of time-shares at the project.
C. Notwithstanding any other provisions of this chapter, the Board may administratively terminate the registration of a time-share project if:
1. The developer has not filed an annual report in accordance with § 55-394.1 for three or more consecutive years; or
§ 55-504.1. Annual report by associations.
A. The association shall file an annual report in a form and at such time as prescribed by regulations of the agency. The filing of the annual report required by this section shall commence upon the termination of any declarant control period reserved pursuant to § 55-460. The annual report shall be accompanied by a fixed fee in an amount established by the agency.
C. The association shall also remit to the agency an annual payment as follows:
b. Five hundredths of one percent (0.05%) of the unit owners' associations' association's gross assessment income during the preceding calendar year.
2. For the purposes of clause b of subsection C subdivision 1 b, no minimum payment shall be less than $10.00.
§ 55-516.1. Annual report by association.
A. The association shall file an annual report in a form and at such time as prescribed by regulations of the Common Interest Community Board. The annual report shall be accompanied by a fixed fee in an amount established by the Board.
§ 55-530. Powers of the Board; Common interest community ombudsman; final adverse decisions.
1. Assist members in understanding their rights and the processes available to them according to the declaration and bylaws of the association laws and regulations governing common interest communities;
5. Receive the notices of complaint filed final adverse decisions;
6. In conjunction with complaint and inquiry data maintained by the Director, maintain data on inquiries received, the types of assistance requested, notices of complaint final adverse decisions received, any actions taken, and the disposition of each such matter;
7. Upon request, assist members in using the procedures and processes available to them in the association, including nonbinding explanations of understanding the rights and processes available under the laws or regulations governing common interest communities or interpretations thereof by the Board, and provide referrals to public and private agencies offering alternative dispute resolution services, with a goal of reducing and resolving conflicts among associations and their members. Such assistance may require the review of the declaration and other records of an association and the procedures for resolving complaints required to be established by the association pursuant to subsection E. An association shall provide such information to the Office of the Common Interest Community Ombudsman within a reasonable time upon request;
G. The Director or his designee, may request additional information concerning any notice of complaint final adverse decision from the association that made the final adverse decision. The association shall provide such information to the Director within a reasonable time upon request. If the Director upon review determines that the final adverse decision may be in conflict with laws or regulations governing common interest communities or interpretations thereof by the Board, the Director may, in his sole discretion, provide the complainant and the association with information concerning such laws or regulations governing common interest communities or interpretations thereof by the Board. The determination of whether the final adverse decision may be in conflict with laws or regulations governing common interest communities or interpretations thereof by the Board shall be a matter within the sole discretion of the Director, whose decision is final and not subject to further review. The determination of the Director shall not be binding upon the complainant or the association that made the final adverse decision.
SENATE BILL NO. 472 Offered January 11, 2012 Prefiled January 11, 2012 A BILL to amend and reenact §§ 54.1-2349, 55-79.93, 55-79.93:1, 55-394.1, 55-504.1, 55-516.1, and 55-530 of the Code of Virginia and to amend the Code of Virginia by adding sections numbered 55-79.93:2 and 55-394.2, relating to common interest communities.
1. That §§ 54.1-2349, 55-79.93, 55-79.93:1, 55-394.1, 55-504.1, 55-516.1, 55-528, and 55-530 of the Code of Virginia are amended and reenacted and that the Code of Virginia is amended by adding sections numbered 55-79.93:2 and 55-394.2 as follows:
§ 55-79.93. Annual report by declarant; termination of registration.
§ 55-394.1. Annual report; amendments; termination of registration.
b. Five hundredths of one percent (0.05%) of the unit owners' associations' gross assessment income during the preceding calendar year.
2. For the purposes of clause b subdivisions 1 b of subsection C, no minimum payment shall be less than $10.00.
2. For the purposes of clause b subdivision 1 b of subsection C, no minimum payment shall be less than $10.00.
§ 55-530. Powers of the Board; Common interest community ombudsman; complaints.
6. In conjunction with complaint and inquiry data maintained by the Director, maintain data on inquiries received, the types of assistance requested, notices of complaint final adverse action received, any actions taken, and the disposition of each such matter;
7. Upon request, assist members in using the procedures and processes available to them in the association and provide , including nonbinding explanations of laws or regulations governing common interest communities or interpretations thereof by the Board, and referrals to public and private agencies offering alternative dispute resolution services, with a goal of reducing and resolving conflicts among associations and their members. Such assistance may require the review of the declaration and other records of an association and the procedures for resolving complaints required to be established by the association pursuant to subsection E. An association shall provide such information to the Office of the Common Interest Community Ombudsman within a reasonable time upon request;
For a plain English description of this bill, comments, voting, tagging, etc., return to the main page for SB472.