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2009 SESSION
SB 1119 Economic development; incentive financing for major employment and investment projects, report.
Introduced by: Charles J. Colgan | 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
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 092359812 pdf | impact statement
- 02/05/09 Senate: Printed as engrossed 092359812-E pdf | impact statement
- 02/23/09 House: Committee substitute printed 092644812-H1 pdf
- 03/09/09 Senate: Bill text as passed Senate and House (SB1119ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0311) pdf
AMENDMENTS
HISTORY
- 01/13/09 Senate: Prefiled and ordered printed; offered 01/14/09 092359812
- 01/13/09 Senate: Referred to Committee on Commerce and Labor
- 01/19/09 Senate: Rereferred from Commerce and Labor (9-Y 0-N)
- 01/19/09 Senate: Rereferred to Finance
- 02/03/09 Senate: Reported from Finance with amendments (16-Y 0-N)
- 02/04/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/05/09 Senate: Read second time
- 02/05/09 Senate: Reading of amendments waived
- 02/05/09 Senate: Committee amendments agreed to
- 02/05/09 Senate: Engrossed by Senate as amended SB1119E
- 02/05/09 Senate: Printed as engrossed 092359812-E
- 02/06/09 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/13/09 House: Placed on Calendar
- 02/13/09 House: Read first time
- 02/13/09 House: Referred to Committee on Appropriations
- 02/16/09 House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
- 02/19/09 House: Subcommittee recommends reporting with amendment(s)
- 02/23/09 House: Reported from Appropriations with substitute (24-Y 0-N)
- 02/23/09 House: Committee substitute printed 092644812-H1
- 02/24/09 House: Read second time
- 02/25/09 House: Read third time
- 02/25/09 House: Committee substitute agreed to 092644812-H1
- 02/25/09 House: Engrossed by House - committee substitute SB1119H1
- 02/25/09 House: Passed House with substitute BLOCK VOTE (100-Y 0-N)
- 02/25/09 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/26/09 Senate: House substitute agreed to by Senate (38-Y 0-N)
- 02/26/09 Senate: Title replaced 092644812-S1
- 03/09/09 Senate: Enrolled
- 03/09/09 Senate: Bill text as passed Senate and House (SB1119ER)
- 03/09/09 Senate: Signed by President
- 03/11/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 311 (effective 7/1/09)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0311)