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2016 SESSION

• | print version

SB 426 Virginia Community Impact Authority and Fund; created, report.

Introduced by: Jill Holtzman Vogel | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Community Impact Authority and Fund. Establishes the Virginia Community Impact Authority with the authority to (i) provide grants, investments, and loans to support job training programs, health care delivery systems, and affordable housing programs and initiatives; (ii) provide start-up capital and loans to assist private enterprises; (iii) provide grants to local community impact funds; (iv) support clean and energy-efficient programs and initiatives; and (v) support other initiatives that are determined by the Authority to have a meaningful community impact. The grants, investments, and loans are to be made from the Virginia Community Impact Fund, established by the bill, which is to be funded by allocation of one percent of the total consideration paid by state public bodies in state procurement contracts valued at more than $300,000.

FULL TEXT

• 01/12/16  Senate: Prefiled and ordered printed; offered 01/13/16 16100552D  pdf | impact statement

HISTORY

• 01/12/16  Senate: Prefiled and ordered printed; offered 01/13/16 16100552D
• 01/12/16  Senate: Referred to Committee on Local Government
• 02/02/16  Senate: Passed by indefinitely in Local Government with letter (13-Y 0-N)