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2015 SESSION

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SB 1436 Tobacco Indemnification and Community Revitalization Commission; reduces number of membership.

Introduced by: A. Donald McEachin | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tobacco Indemnification and Community Revitalization Commission. Reconstitutes the membership of the Commission by reducing the number of members from 31 to 15, eliminating legislative and flue-cured and burley tobacco producer members and adding the Chancellor of the Virginia Community College System and the president of a major state research institution of higher education. The bill expands the powers and duties of the Commission to include conducting studies and gathering data in order to determine the potential effects of agricultural, industrial, and educational initiatives in Southside and Southwest Virginia. The bill establishes the following formula for the distribution of the Tobacco Indemnification and Community Revitalization Fund: up to 25 percent to attract prospective economic development projects in the region, up to 25 percent to promote initiatives that increase and enhance educational attainment in the region, up to 25 percent to increase investments in the deployment of rural broadband infrastructure, and up to 25 percent to commercialize agricultural research conducted at Virginia colleges and universities.


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