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2019 SESSION

• | print version

HB 2368 Sports or entertainment project; City of Va. Beach granted certain powers relating to construction.

Introduced by: Barry D. Knight | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority.

FULL TEXT

• 01/08/19  House: Prefiled and ordered printed; offered 01/09/19 19104205D  pdf | impact statement
• 02/04/19  House: Printed as engrossed 19104205D-E  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted
• House amendments adopted

HISTORY

• 01/08/19  House: Prefiled and ordered printed; offered 01/09/19 19104205D
• 01/08/19  House: Referred to Committee on Finance
• 01/18/19  House: Assigned Finance sub: Subcommittee #2
• 01/23/19  House: Subcommittee recommends reporting with amendment (8-Y 0-N)
• 01/30/19  House: Reported from Finance with amendment (14-Y 6-N)
• 02/01/19  House: Read first time
• 02/04/19  House: Read second time
• 02/04/19  House: Committee amendment agreed to
• 02/04/19  House: Engrossed by House as amended HB2368E
• 02/04/19  House: Printed as engrossed 19104205D-E
• 02/05/19  House: Read third time and passed House (72-Y 26-N)
• 02/05/19  House: VOTE: PASSAGE (72-Y 26-N)
• 02/06/19  Senate: Constitutional reading dispensed
• 02/06/19  Senate: Referred to Committee on Local Government
• 02/12/19  Senate: Rereferred from Local Government (10-Y 0-N)
• 02/12/19  Senate: Rereferred to Finance
• 02/18/19  Senate: Left in Finance