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2005 SESSION

• | print version

SB 930 Economic Development Incentive Act; created.

Introduced by: Walter A. Stosch | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Economic Development Incentive Act.Establishes the Virginia Economic Development Incentive Fund (Fund) administered by the Virginia Economic Development Partnership to provide grants to Virginia companies. The Fund distinguishes between Virginia companies that are located in large metropolitan areas and those located in other areas of the state by establishing different criteria for eligibility in terms of job creation and capital investment. The maximum amount of grants that may be approved in a fiscal year is $10 million and no more than three grants can be awarded to an eligible company in any single biennium. A company that has received a Virginia Investment Partnership grant would be ineligible for a grant from the Fund.

FULL TEXT

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 052721108  pdf | impact statement
• 02/02/05  Senate: Committee substitute printed 055089824-S1  pdf | impact statement

HISTORY

• 01/11/05  Senate: Prefiled & ordered printed; offered 01/12/05 052721108
• 01/11/05  Senate: Referred to Committee on Finance
• 02/02/05  Senate: Committee substitute printed 055089824-S1
• 02/02/05  Senate: Reported from Finance with substitute (15-Y 0-N)
• 02/03/05  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/03/05  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
• 02/04/05  Senate: Read second time
• 02/04/05  Senate: Reading of substitute waived
• 02/04/05  Senate: Committee substitute agreed to 055089824-S1
• 02/04/05  Senate: Engrossed by Senate - committee substitute SB930S1
• 02/07/05  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/07/05  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/07/05  Senate: Communicated to House
• 02/09/05  House: Placed on Calendar
• 02/09/05  House: Read first time
• 02/09/05  House: Referred to Committee on General Laws
• 02/09/05  House: Assigned to General Laws sub-committee: Subcommittee #4...
• 02/17/05  House: Reported from General Laws (21-Y 0-N)
• 02/17/05  House: Referred to Committee on Appropriations
• 02/18/05  House: Assigned to App. sub-committee: Commerce, Agriculture &...
• 02/21/05  House: Left in Appropriations