VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

• history | hilite | pdf | print version

053643332
HOUSE BILL NO. 2614 Offered January 12, 2005 Prefiled January 12, 2005 A BILL to amend the Code of Virginia by adding a section numbered 2.2-205.1, relating to the Secretary of Commerce and Trade; use of state-owned buildings as economic incentives. ---------- Patron-- Hugo ---------- Referred to Committee on General Laws ----------

Be it enacted by the General Assembly of Virginia:

1.  That the Code of Virginia is amended by adding a section numbered 2.2-205.1 as follows:

§ 2.2-205.1. Secretary to establish economic incentives to attract new business to Virginia using state-owned or state-leased buildings.

A. The Secretary, in cooperation with the Secretary of Technology, Secretary of Administration, and Secretary of Finance shall develop an economic incentive whereby vacant or otherwise unused state-owned or state-leased buildings are offered to businesses to attract them to Virginia. The incentive shall (i) include the use of state-owned buildings at no or low cost as an incentive for companies to move to Virginia, (ii) specify the duration of such use, and (iii) require relocated business to commit to one of the following: achieve certain levels of employment growth, lease certain amounts of real estate in the Commonwealth, or use Virginia-based companies for their products and services. The Secretary shall periodically update such incentives as necessary.

B. The economic incentives described in subsection A shall leverage available state-owned or state-leased buildings vacated by agencies as a result of state telecommuting and shared office programs pursuant to § 2.2-2817.1.