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2026 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hackworth
Deed Fraud Protection (SB 316)

Item 65 #2s

Item 65 #2s

First Year - FY2027 Second Year - FY2028
Administration
Compensation Board FY2027 $100,000 FY2028 $100,000 GF

Language
Page 63, line 5, strike "$81,741,987" and insert "$81,841,987".
Page 63, line 5, strike "$81,741,987" and insert "$81,841,987".


Explanation

(This amendment provides a placeholder amount of $100,000 GF each year for the fiscal impact of Senate Bill 316, which includes provisions to address deed fraud, including a property alert notification system for homeowners so that they may be alerted if fraud does occur. Chapter 282, 2025 Session, commissioned an advisory group to study the incidence of deed fraud in Virginia and identify points of vulnerability throughout the real estate transaction.)