18VAC135-60 Common Interest Community Management Information Fund Regulations

REGULATIONS

Vol. 26 Iss. 5 - November 09, 2009

TITLE 18. PROFESSIONAL AND OCCUPATIONAL LICENSING

REAL ESTATE BOARD

Chapter 60

Final Regulation

REGISTRAR'S NOTICE: The Real Estate Board is claiming  an exemption from the Administrative Process Act in accordance with § 2.2-4006 A 4 a of the Code of Virginia, which excludes regulations that are necessary to conform to changes in Virginia statutory law where no agency discretion is involved. The Real Estate Board will receive, consider, and respond to petitions from any interested person at any time with respect to reconsideration or revision.

Title of Regulation: 18VAC135-60. Common Interest Community Management Information Fund Regulations (repealing 18VAC135-60-10 through 18VAC135-60-60).

Statutory Authority: § 54.1-201 of the Code of Virginia.

Effective Date: December 11, 2009.

Agency Contact: Thomas Perry, Property Registration Administrator, Real Estate Board, 9960 Mayland Drive, Suite 400, Richmond, VA 23233, telephone [phone], FAX [phone], or email [e-mail].

Summary:

Chapters 851 and 871 of the 2008 Acts of Assembly established the Common Interest Community Board. In addition, Clause 2 of Chapters 851 and 871 states that the Common Interest Community Board is successor in interest to the Real Estate Board to the extent that the law transfers powers and duties. As a result of the transfer of powers and duties to the Common Interest Community Board, the Real Estate Board Common Interest Community Management Information Fund regulations should be repealed. The transfer of the regulations to the Common Interest Community Board became effective November 27, 2008.

VA.R. Doc. No. R10-2182; Filed October 13, 2009, 2:21 p.m.