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Developed and maintained by the Division of Legislative Automated Systems.
2009 SESSION
HB 2550 Economic development; incentive financing for major employment and investment projects, report.
Introduced by: M. Kirkland Cox | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Economic development; incentive financing for major employment and investment projects. Authorizes the Virginia Public Building Authority and the Virginia Resources Authority to finance economic development initiatives for major employment and investment projects (MEI projects) performed by state and local government entities. An MEI project is defined as a high impact regional economic development project in which a private entity is expected to make a capital investment in real and tangible personal property exceeding $250 million and create more than 400 new full-time jobs, and is expected to have a substantial direct economic impact on surrounding communities. The bill also establishes the MEI Project Approval Commission to review financing for individual incentive packages for MEI projects to be financed by the Virginia Public Building Authority.
FULL TEXT
- 01/20/09 House: Presented and ordered printed 092358812 pdf | impact statement
- 02/06/09 House: Committee substitute printed 092404476-H1 pdf | impact statement
- 02/17/09 Senate: Committee substitute printed 092929212-S1 pdf | impact statement
- 03/09/09 House: Bill text as passed House and Senate (HB2550ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0246) pdf
AMENDMENTS
HISTORY
- 01/20/09 House: Presented and ordered printed 092358812
- 01/20/09 House: Referred to Committee on General Laws
- 01/27/09 House: Referred from General Laws by voice vote
- 01/27/09 House: Referred to Committee on Appropriations
- 01/28/09 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/05/09 House: Subcommittee recommends reporting
- 02/06/09 House: Reported from Appropriations with substitute (23-Y 0-N)
- 02/06/09 House: Committee substitute printed 092404476-H1
- 02/08/09 House: Read first time
- 02/09/09 House: Read second time
- 02/09/09 House: Committee substitute agreed to 092404476-H1
- 02/09/09 House: Engrossed by House - committee substitute HB2550H1
- 02/10/09 House: Read third time and passed House (99-Y 0-N)
- 02/10/09 House: VOTE: --- PASSAGE (99-Y 0-N)
- 02/11/09 Senate: Constitutional reading dispensed
- 02/11/09 Senate: Referred to Committee on Finance
- 02/17/09 Senate: Reported from Finance with substitute (12-Y 3-N)
- 02/17/09 Senate: Committee substitute printed 092929212-S1
- 02/18/09 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/19/09 Senate: Read third time
- 02/19/09 Senate: Reading of substitute waived
- 02/19/09 Senate: Committee substitute agreed to 092929212-S1
- 02/19/09 Senate: Engrossed by Senate - committee substitute HB2550S1
- 02/19/09 Senate: Passed Senate with substitute (37-Y 3-N)
- 02/19/09 Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
- 02/19/09 Senate: Passed Senate with substitute (40-Y 0-N)
- 02/20/09 House: Placed on Calendar
- 02/23/09 House: Senate substitute rejected by House (0-Y 98-N 1-A)
- 02/23/09 House: VOTE: --- REJECTED (0-Y 98-N 1-A)
- 02/25/09 Senate: Senate insisted on substitute (40-Y 0-N)
- 02/25/09 Senate: Senate requested conference committee
- 02/26/09 House: House acceded to request
- 02/26/09 House: Conferees appointed by House
- 02/26/09 House: Delegates: Cox, Hogan, Joannou
- 02/26/09 Senate: Conferees appointed by Senate
- 02/26/09 Senate: Senators: Colgan, Stosch, Stolle
- 02/28/09 House: Conference report agreed to by House (92-Y 0-N)
- 02/28/09 House: VOTE: --- ADOPTION (92-Y 0-N)
- 02/28/09 Senate: Conference report agreed to by Senate (38-Y 0-N)
- 03/09/09 House: Enrolled
- 03/09/09 House: Bill text as passed House and Senate (HB2550ER)
- 03/09/09 Senate: Signed by President
- 03/11/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 246 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0246)