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2017 SESSION
SB 1463 Virginia Tobacco Region Revolving Fund; revises definition of project.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Virginia Tobacco Region Revolving Fund; definition of project. Defines "equity" under the Virginia Tobacco Region Revolving Fund to mean any contribution to a project other than debt financing, including a federal, state, or local grant, except that the grant shall not be a Virginia Tobacco Region Revitalization Commission grant. The bill includes in the definition of "project" any other proposal recommended for evaluation and disbursement by the Commission and credit approved by the Virginia Resources Authority, subject to such conditions and policies as agreed to by the Commission and the Authority. Projects other than those defined in § 62.1-199 shall be eligible to borrow from the Fund only in the event that other funding for the project equal to 25 percent of the total cost of the project is available through equity.
FULL TEXT
- 01/16/17 Senate: Presented and ordered printed 17103393D pdf | impact statement
- 02/13/17 Senate: Bill text as passed Senate and House (SB1463ER) pdf | impact statement
- 02/21/17 Senate: Governor's substitute printed 17105701D-S1 pdf
- 02/24/17 Senate: Reenrolled bill text (SB1463ER2) pdf
- 02/24/17 Governor: Acts of Assembly Chapter text (CHAP0254) pdf
AMENDMENTS
HISTORY
- 01/16/17 Senate: Presented and ordered printed 17103393D
- 01/16/17 Senate: Referred to Committee on Finance
- 01/24/17 Senate: Reported from Finance (16-Y 0-N)
- 01/25/17 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/26/17 Senate: Read second time and engrossed
- 01/27/17 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/31/17 House: Placed on Calendar
- 01/31/17 House: Read first time
- 01/31/17 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/08/17 House: Reported from Agriculture, Chesapeake and Natural Resources (22-Y 0-N)
- 02/09/17 House: Read second time
- 02/10/17 House: Read third time
- 02/10/17 House: Passed House BLOCK VOTE (95-Y 0-N)
- 02/10/17 House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
- 02/13/17 Senate: Enrolled
- 02/13/17 Senate: Bill text as passed Senate and House (SB1463ER)
- 02/13/17 Senate: Signed by President
- 02/13/17 House: Signed by Speaker
- 02/14/17 Senate: Enrolled Bill Communicated to Governor on 2/14/17
- 02/14/17 Governor: Governor's Action Deadline Midnight, February 21, 2017
- 02/21/17 Senate: Governor's recommendation received by Senate
- 02/21/17 Senate: Governor's substitute printed 17105701D-S1
- 02/23/17 Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
- 02/24/17 House: House concurred in Governor's recommendation (92-Y 0-N)
- 02/24/17 House: VOTE: ADOPTION (92-Y 0-N)
- 02/24/17 Governor: Governor's recommendation adopted
- 02/24/17 Senate: Reenrolled
- 02/24/17 Senate: Reenrolled bill text (SB1463ER2)
- 02/24/17 Senate: Signed by President as reenrolled
- 02/24/17 House: Signed by Speaker as reenrolled
- 02/24/17 House: Enacted, Chapter 254 (effective 7/1/17)
- 02/24/17 Governor: Acts of Assembly Chapter text (CHAP0254)