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2003 SESSION
HB 2750 Commonwealth Private Investment Inducement Act of 2003.
Introduced by: John A. Rollison;Resigned 9/14 | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Commonwealth Private Investment Inducement Act of 2003. Dedicates one-third of the annual insurance license tax revenue to transportation projects in highway construction districts based on the percentage of the population of the Commonwealth residing in each such district. The portion of such revenues that otherwise would be distributed to: (i) the Northern Virginia Construction District is instead deposited into the Northern Virginia Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects; (ii) the Hampton Roads Construction District is instead deposited into the Hampton Roads Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects in that area; (iii) the Bristol, Salem, and Staunton Construction District is instead deposited into the Western Virginia Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects in that area. The amount of such bond proceeds utilized must be matched by equal or greater funds from private entities, localities, or both, unless certain conditions exist.
FULL TEXT
- 01/17/03 House: Presented & ordered printed 032020916 pdf
- 01/30/03 House: Committee substitute printed 032035916-H1 pdf
- 02/01/03 House: Printed as engrossed 032035916-EH1 pdf | impact statement
AMENDMENTS
HISTORY
- 01/17/03 House: Presented & ordered printed 032020916
- 01/17/03 House: Referred to Committee on Transportation
- 01/21/03 House: Referred from Transportation (22-Y 0-N)
- 01/21/03 House: Referred to Committee on Appropriations
- 01/29/03 House: Reported from Appropriations with sub (25-Y 0-N)
- 01/30/03 House: Committee substitute printed 032035916-H1
- 01/31/03 House: Read first time
- 02/01/03 House: Read second time
- 02/01/03 House: Committee substitute agreed to 032035916-H1
- 02/01/03 House: Engrossed by House - committee substitute 032035916-H1
- 02/01/03 House: Engrossment reconsidered by House (51-Y 43-N)
- 02/01/03 House: VOTE: RECONSIDER (51-Y 43-N)
- 02/01/03 House: Amendments by Del. Joannou agreed to
- 02/01/03 House: Motion to pass by fl. amd. by Del. Armstrong agreed to
- 02/01/03 House: Motion to pass by fl. amd. by Del. Hamilton agreed to
- 02/01/03 House: Pending question ordered
- 02/01/03 House: Engrossed by House - com. sub. w/amds 032035916-EH1
- 02/01/03 House: Printed as engrossed 032035916-EH1
- 02/03/03 House: Read third time and passed House (88-Y 11-N 1-A)
- 02/03/03 House: VOTE: PASSAGE (88-Y 11-N 1-A)
- 02/03/03 House: Communicated to Senate
- 02/04/03 Senate: Constitutional reading dispensed
- 02/04/03 Senate: Referred to Committee on Finance
- 02/12/03 Senate: Failed to report (defeated) in Finance (6-Y 9-N)