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2007 SESSION
HB 2468 Governor's Development Opportunity Fund; adjusts eligibility for grants or loans.
Introduced by: Daniel W. Marshall, III | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Governor's Development Opportunity Fund. Adjusts eligibility for grants or loans from the Governor's Development Opportunity Fund for projects that are in a city or county whose annual average unemployment rate for the most recent calendar year is one and a half times or more the state average. In such cases, the minimum amount of private investment is lowered from $10,000,000 to $7,500,000 and the number of new jobs that must be created is lowered from 100 to 75. For localities with a population between 50,000 and 100,000 the minimums are lowered from $5,000,000 in private investment to $3,500,000 and from 50 new jobs to 35. For localities with less than 50,000 in population, minimums are lowered from $2,500,000 in private investment to $1,500,000 and from 25 new jobs to 15. In addition, the bill provides that localities that have created Regional Industrial Facilities Authorities shall be eligible at the lowest investment and job creation threshold of any locality in that Authority.
FULL TEXT
- 01/09/07 House: Prefiled and ordered printed; offered 01/10/07 071557103 pdf | impact statement
- 02/02/07 House: Committee substitute printed 071596392-H1 pdf | impact statement
- 02/15/07 Senate: Committee substitute printed 072799392-S1 pdf
- 03/07/07 House: Bill text as passed House and Senate (HB2468ER) pdf | impact statement
- 04/05/07 Governor: Acts of Assembly Chapter text (CHAP0654) pdf
HISTORY
- 01/09/07 House: Prefiled and ordered printed; offered 01/10/07 071557103
- 01/09/07 House: Referred to Committee on General Laws
- 01/12/07 House: Assigned GL sub: #4 Prof./Occup./Admin. (Cosgrove)
- 02/01/07 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/02/07 House: Committee substitute printed 071596392-H1
- 02/03/07 House: Read first time
- 02/05/07 House: Read second time
- 02/05/07 House: Committee substitute agreed to 071596392-H1
- 02/05/07 House: Engrossed by House - committee substitute HB2468H1
- 02/06/07 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 02/06/07 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/06/07 House: Communicated to Senate
- 02/07/07 Senate: Constitutional reading dispensed
- 02/07/07 Senate: Referred to Committee on General Laws and Technology
- 02/14/07 Senate: Reported from General Laws and Technology with substitute (14-Y 0-N)
- 02/15/07 Senate: Committee substitute printed 072799392-S1
- 02/16/07 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/16/07 Senate: VOTE: (39-Y 0-N)
- 02/19/07 Senate: Read third time
- 02/19/07 Senate: Reading of substitute waived
- 02/19/07 Senate: Committee substitute agreed to 072799392-S1
- 02/19/07 Senate: Engrossed by Senate - committee substitute HB2468S1
- 02/19/07 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/19/07 Senate: VOTE: (40-Y 0-N)
- 02/20/07 House: Placed on Calendar
- 02/21/07 House: Senate substitute agreed to by House (87-Y 9-N)
- 02/21/07 House: VOTE: ADOPTION (87-Y 9-N)
- 03/07/07 House: Enrolled
- 03/07/07 House: Bill text as passed House and Senate (HB2468ER)
- 03/07/07 House: Signed by Speaker
- 03/08/07 Senate: Signed by President
- 03/20/07 Governor: Approved by Governor-Chapter 654 (effective 7/1/07)
- 04/05/07 Governor: Acts of Assembly Chapter text (CHAP0654)