Condominium association funds; fiduciary management, permissible investments.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- House
- Sponsor
- 1
- Latest action
- Feb 6, 2020
What it does
Fiduciary management of condominium associationfunds; permissible investments. Authorizes the fiduciary managingagent of a condominium association to invest managed funds in UnitedStates securities or maintain a limited amount of managed funds ina money market account that invests in United States securities orother financial instruments guaranteed by securities of the UnitedStates. Under current law, a fiduciary managing agent may only keep association funds in a trust account in a federally insured financial institution.
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Current step)
Committee (Needs attention)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money in Virginia.