SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2018 SESSION

  • | print version

HB 1148 Economic growth-sharing; review of agreements.

Introduced by: R. Steven Landes | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Reporting on economic growth-sharing agreements. Provides that all economic growth-sharing agreements between localities shall require, at least annually, a report from each locality that is a recipient of funds pursuant to the agreement to each of the other governing bodies of the participating localities that includes (i) the amount of money transferred among the localities pursuant to the agreement and (ii) the uses of such funds by the localities. The bill also provides that the parties to any growth-sharing agreement that has been in effect for at least 10 years and that has annual payments that exceed $5 million shall also convene an annual meeting to discuss anticipated future plans for economic growth in the localities.


FULL TEXT

AMENDMENTS

HISTORY