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2014 SESSION
HB 1267 Va.Beach arena; if Va. Beach issues bonds for a facility, it shall create an Arena Financing Fund.
Introduced by: Barry D. Knight | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Beach arena. Allows the City of Virginia Beach to use its Arena Financing Fund to contract for the construction and operation of facilities and prohibits the pledging of the faith and credit of the Commonwealth to meet the city's contractual obligations. The bill also provides that if the City of Virginia Beach issues bonds for a facility or enters into a contract with regard to a facility, it shall use its Arena Financing Fund to collect proceeds from the sale of bonds and revenues from other state sources. Expenditures from the Fund shall be used to pay the bonds, meet contractual obligations, and pay reasonable expenses relating to the facility. The bill also makes technical amendments to the existing sunset provisions. This bill is identical to SB 571.
FULL TEXT
- 01/17/14 House: Presented and ordered printed 14104191D pdf
- 01/31/14 House: Committee substitute printed 14104615D-H1 pdf | impact statement
- 02/25/14 Senate: Committee substitute printed 14105303D-S1 pdf
- 03/06/14 House: Bill text as passed House and Senate (HB1267ER) pdf | impact statement
- 04/06/14 Governor: Acts of Assembly Chapter text (CHAP0738) pdf
HISTORY
- 01/17/14 House: Presented and ordered printed 14104191D
- 01/17/14 House: Referred to Committee on Counties, Cities and Towns
- 01/22/14 House: Assigned CC & T sub: Subcommittee #2
- 01/30/14 House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
- 01/31/14 House: Reported from Counties, Cities and Towns with substitute (21-Y 1-N)
- 01/31/14 House: Committee substitute printed 14104615D-H1
- 02/03/14 House: Read first time
- 02/04/14 House: Read second time
- 02/04/14 House: Committee substitute agreed to 14104615D-H1
- 02/04/14 House: Engrossed by House - committee substitute HB1267H1
- 02/05/14 House: Read third time and passed House (83-Y 11-N)
- 02/05/14 House: VOTE: PASSAGE (83-Y 11-N)
- 02/06/14 Senate: Constitutional reading dispensed
- 02/06/14 Senate: Referred to Committee on Local Government
- 02/25/14 Senate: Reported from Local Government with substitute (13-Y 0-N)
- 02/25/14 Senate: Committee substitute printed 14105303D-S1
- 02/27/14 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/28/14 Senate: Read third time
- 02/28/14 Senate: Reading of substitute waived
- 02/28/14 Senate: Committee substitute agreed to 14105303D-S1
- 02/28/14 Senate: Engrossed by Senate - committee substitute HB1267S1
- 02/28/14 Senate: Passed Senate with substitute (40-Y 0-N)
- 03/03/14 House: Placed on Calendar
- 03/04/14 House: Senate substitute agreed to by House 14105303D-S1 (89-Y 10-N)
- 03/04/14 House: VOTE: ADOPTION (89-Y 10-N)
- 03/04/14 House: Reconsideration of Senate substitute agreed to by House
- 03/04/14 House: Senate substitute agreed to by House 14105303D-S1 (85-Y 13-N)
- 03/04/14 House: VOTE: ADOPTION #2 (85-Y 13-N)
- 03/06/14 House: Enrolled
- 03/06/14 House: Bill text as passed House and Senate (HB1267ER)
- 03/06/14 House: Signed by Speaker
- 03/09/14 Senate: Signed by President
- 04/06/14 Governor: Approved by Governor-Chapter 738 (effective 7/1/14)
- 04/06/14 Governor: Acts of Assembly Chapter text (CHAP0738)