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2009 SESSION

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HB 2056 Advanced shipbuilding training facility grant program; established.

Introduced by: Phillip A. Hamilton | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Advanced shipbuilding training facility grant program.  Establishes a grant program relating to advanced shipbuilding activities involving nuclear warships for the U.S. Navy. Grants would be paid to an eligible shipbuilder based in Newport News that (i) makes a new capital investment of at least $300 million; (ii) creates at least 1,000 new full-time jobs; (iii) maintains an accredited apprenticeship program and; (iv) maintains a level of base training expenditures equal to that expended in 2008. A maximum of $25 million in grants would be paid over a period of five years.

SUMMARY AS PASSED HOUSE:

Advanced shipbuilding training facility grant program.  Establishes a grant program relating to advanced shipbuilding activities involving nuclear warships for the U.S. Navy. Grants would be paid to an eligible shipbuilder based in Newport News that (i) makes a new capital investment of at least $300 million; (ii) creates at least 1,000 new full-time jobs; (iii) maintains an accredited apprenticeship program and; (iv) maintains a level of base training expenditures equal to that expended in 2008. A maximum of $25 million in grants would be paid beginning in the 2016-2017 fiscal year and ending in the 2021-2022 fiscal year.

SUMMARY AS INTRODUCED:

Advanced shipbuilding training grant program.  Establishes a grant program relating to advanced shipbuilding activities involving nuclear warships for the U.S. Navy. Grants would be paid to an eligible shipbuilder based in Newport News that (i) makes a capital investment of at least $300 million; (ii) creates at least 1,000 new full-time jobs; and (iii) maintains an accredited apprenticeship program. A maximum of $50 million in grants would be paid beginning in the 2012-2013 fiscal year and ending in the 2021-2022 fiscal year.