VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2010 SESSION

• | print version

HB 1396 Economic development incentives; aggregate amount of awarded grants for eligible projects.

Introduced by: Lacey E. Putney | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Governor’s Development Opportunity Fund; economic development incentives  Expands the use of moneys in the Fund to include grants for the construction or build-out of privately owned buildings.  The bill would also cap the aggregate amount of grants out­standing on or after July 1, 2010, at $30 million. This bill is identical to SB 739.

SUMMARY AS PASSED HOUSE:

Governor’s Development Opportunity Fund; economic development incentives.  Provides that the Governor’s Development Opportunity Fund may be used for the construction or build-out of privately owned buildings.  The bill also re-establishes, effective July 1, 2010, the aggregate of economic development incentive grants payable in a fiscal year to an amount not to exceed $6 million and a total aggregate amount of grants outstanding not to exceed $30 million.  This bill is identical to SB 739.

SUMMARY AS INTRODUCED:

Governor's Development Opportunity Fund; Virginia Economic Development Incentive Grants.