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- Subject Index: Since 1995
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2008 SESSION
SB 651 Aerospace Engine Manufacturing Performance Grant Program; created.
... notes | add to my profilesSUMMARY AS PASSED SENATE: (all summaries)
Economic development grants; aerospace engine manufacturing. Establishes three grant programs relating to aerospace engine manufacturing. Grants would be paid to manufacturers of aerospace engines who (i) make a capital investment of at least $500 million in real and personal property and (ii) create in excess of 540 jobs relating to aerospace engine manufacturing or activities ancillary or supportive of such manufacturing. Under this grant program, a maximum of $35 million in grants would be paid beginning in the 2013-2014 fiscal year and ending in the 2022-2023 fiscal year. A second grant program would provide training grants in the amount of $9,000 for each new job created by a manufacturer of aerospace engines or an affiliate thereof. Training grants would not exceed $5,778,000 in total. In addition, a supplemental training grant in the amount of $3 million would be paid to an aerospace engine manufacturer who has invested at least $153.9 million in real and personal property and has hired at least 176 new employees. A final grant program would provide up to $5 million in grants to an aerospace engine manufacturer who attracts certain suppliers to locate or expand operations in the Commonwealth. Under this grant program, in order for the aerospace engine manufacturer to be paid the full $5 million in grants, such suppliers would be required to create at least 300 jobs and make a capital investment of at least $50 million.
FULL TEXT
- 01/09/08 Senate: Prefiled and ordered printed; offered 01/09/08 082878812 pdf | impact statement
- 02/08/08 Senate: Committee substitute printed 082946308-S1 pdf | impact statement
- 03/04/08 Senate: Bill text as passed Senate and House (SB651ER) pdf | impact statement
- 03/18/08 Governor: Acts of Assembly Chapter text (CHAP0630) pdf
HISTORY
- 01/09/08 Senate: Prefiled and ordered printed; offered 01/09/08 082878812
- 01/09/08 Senate: Referred to Committee on Commerce and Labor
- 01/21/08 Senate: Rereferred from Commerce and Labor (15-Y 0-N)
- 01/21/08 Senate: Rereferred to Finance
- 02/07/08 Senate: Reported from Finance with substitute (16-Y 0-N)
- 02/08/08 Senate: Committee substitute printed 082946308-S1
- 02/11/08 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/12/08 Senate: Read second time
- 02/12/08 Senate: Reading of substitute waived
- 02/12/08 Senate: Committee substitute agreed to 082946308-S1
- 02/12/08 Senate: Engrossed by Senate - committee substitute SB651S1
- 02/12/08 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/12/08 Senate: Passed Senate (40-Y 0-N)
- 02/12/08 Senate: Communicated to House
- 02/14/08 House: Placed on Calendar
- 02/14/08 House: Read first time
- 02/14/08 House: Referred to Committee on Appropriations
- 02/19/08 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/27/08 House: Reported from Appropriations (23-Y 0-N)
- 02/29/08 House: Read second time
- 03/03/08 House: Read third time
- 03/03/08 House: Passed House BLOCK VOTE (100-Y 0-N)
- 03/03/08 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 03/04/08 Senate: Enrolled
- 03/04/08 Senate: Bill text as passed Senate and House (SB651ER)
- 03/05/08 House: Signed by Speaker
- 03/06/08 Senate: Signed by President
- 03/12/08 Governor: Approved by Governor-Chapter 630 (effective 7/1/08)
- 03/18/08 Governor: Acts of Assembly Chapter text (CHAP0630)