SEARCH SITE
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.
2015 SESSION
SB 1440 Tobacco Region Revitalization Commission; financial viability & feasibility.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Tobacco Indemnification and Community Revitalization Commission; financial viability and feasibility study prior to disbursement; Virginia Tobacco Region Revolving Fund. Renames the Tobacco Indemnification and Community Revitalization Commission as the Tobacco Region Revitalization Commission (the Commission) and requires it to contract with a manager to oversee Commission loans, grants, and other distributions of money. The bill requires the manager to provide a written report on the financial viability and feasibility of any such distribution and prohibits the Commission from making the distribution until its viability and feasibility have received recommendations from the manager. The bill eliminates future appointments of three nonlegislative citizen members and requires 13 of the remaining 28 Commission members to have experience in particular fields. The bill requires the Commission to (i) adopt policies governing the Tobacco Region Opportunity Fund; (ii) require a dollar-for-dollar match from entities receiving grants; (iii) make no distribution to a tobacco-dependent community solely based on the historical production of tobacco; (iv) require each project to have an accountability matrix, provide a set of quantified outcome expectations and other figures, and demonstrate how it will address low employment levels or other indicators; (v) develop a strategic plan every two years; and (vi) establish a public database of awards. The bill also establishes the Virginia Tobacco Region Revolving Fund (the Fund), the assets of which are to be used to make loans to local governments for the financing of any project. The bill empowers the Virginia Resources Authority (the Authority) to administer the Fund, pledge assets of the Fund as security for bonds issued to finance a project, sell or collect on loans made from the Fund, and, in accordance with a memorandum of agreement with the Commission, establish the rates and terms of loans. The bill directs the Commission, in conjunction with the Authority, to make an annual report to the General Assembly and the Governor on all loans made from the Fund. This bill is identical to HB 2330.
FULL TEXT
- 01/23/15 Senate: Presented and ordered printed 15103467D pdf | impact statement
- 02/05/15 Senate: Committee substitute printed 15104792D-S1 pdf | impact statement
- 02/10/15 Senate: Printed as engrossed 15104792D-ES1 pdf | impact statement
- 02/18/15 House: Committee substitute printed 15105115D-H1 pdf | impact statement
- 02/27/15 Senate: Conference substitute printed 15105632D-S2 pdf | impact statement
- 03/06/15 Senate: Bill text as passed Senate and House (SB1440ER) pdf | impact statement
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0433) pdf
AMENDMENTS
HISTORY
- 01/23/15 Senate: Presented and ordered printed 15103467D
- 01/23/15 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 02/05/15 Senate: Reported from Agriculture, Conservation and Natural Resources with substitite (14-Y 0-N)
- 02/05/15 Senate: Committee substitute printed 15104792D-S1
- 02/09/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/10/15 Senate: Read second time
- 02/10/15 Senate: Reading of substitute waived
- 02/10/15 Senate: Committee substitute agreed to 15104792D-S1
- 02/10/15 Senate: Reading of amendments waived
- 02/10/15 Senate: Amendments by Senator Norment agreed to
- 02/10/15 Senate: Engrossed by Senate - committee substitute with amendments SB1440ES1
- 02/10/15 Senate: Printed as engrossed 15104792D-ES1
- 02/10/15 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/10/15 Senate: Passed Senate (38-Y 0-N)
- 02/12/15 House: Placed on Calendar
- 02/12/15 House: Read first time
- 02/12/15 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/18/15 House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (21-Y 1-N)
- 02/18/15 House: Committee substitute printed 15105115D-H1
- 02/19/15 House: Read second time
- 02/20/15 House: Read third time
- 02/20/15 House: Committee substitute agreed to 15105115D-H1
- 02/20/15 House: Amendments by Delegate Kilgore agreed to
- 02/20/15 House: Engrossed by House - committee substitute with amendments SB1440H1
- 02/20/15 House: Passed House with substitute with amendments (93-Y 2-N)
- 02/20/15 House: VOTE: PASSAGE (93-Y 2-N)
- 02/24/15 Senate: House substitute with amendments rejected by Senate (1-Y 38-N)
- 02/25/15 House: House insisted on substitute with amendments
- 02/25/15 House: House requested conference committee
- 02/26/15 Senate: Senate acceded to request (37-Y 0-N)
- 02/26/15 Senate: Conferees appointed by Senate
- 02/26/15 Senate: Senators: Ruff, Chafin, Dance
- 02/26/15 House: Conferees appointed by House
- 02/26/15 House: Delegates: Kilgore, Marshall, Daniel W., Spruill
- 02/27/15 Conference: Amended by conference committee
- 02/27/15 Senate: Conference substitute printed 15105632D-S2
- 02/27/15 House: Conference report agreed to by House (98-Y 0-N)
- 02/27/15 House: VOTE: ADOPTION (98-Y 0-N)
- 02/27/15 Senate: Conference report agreed to by Senate (37-Y 0-N)
- 03/06/15 Senate: Enrolled
- 03/06/15 Senate: Bill text as passed Senate and House (SB1440ER)
- 03/06/15 House: Signed by Speaker
- 03/07/15 Senate: Signed by President
- 03/10/15 Senate: Enrolled Bill Communicated to Governor on 3/10/15
- 03/10/15 Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
- 03/23/15 Governor: Approved by Governor-Chapter 433 (effective 7/1/15)
- 03/23/15 Governor: Acts of Assembly Chapter text (CHAP0433)