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2020 SESSION
HB 1102 Hampton Roads Regional Arena Authority; created, financing of a Hampton Roads arena and facility.
Introduced by: Jason S. Miyares | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Hampton Roads Regional Arena Authority created; financing of a Hampton Roads arena and facility. Creates the Hampton Roads Regional Arena Authority and grants it certain powers relating to construction of an arena and facility. Among those powers is the authority to (i) issue bonds to construct the arena and facility, (ii) receive state sales and use tax revenue that is attributable to the arena and facility, (iii) use such revenue to repay such bonds, and (iv) distribute any excess revenue to any Hampton Roads locality that elects to contribute to the financing of the construction of an arena and facility. The bill provides that the Authority's entitlement to state sales and use tax revenue will expire on the earlier of the maturity date of any bonds it issues related to constructing the arena and facility or July 1, 2060. The powers granted by the bill to the Authority are similar to those granted to the City of Virginia Beach with respect to a sports or entertainment project.
The bill repeals existing provisions related to a Hampton Roads Sports Facility Authority. This bill is identical to SB 787.
FULL TEXT
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20105118D pdf | impact statements
- 02/05/20 House: Committee substitute printed 20106197D-H1 pdf | impact statement
- 02/25/20 Senate: Committee substitute printed 20108311D-S1 pdf
- 03/02/20 House: Bill text as passed House and Senate (HB1102ER) pdf | impact statement
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0538) pdf
AMENDMENTS
- House subcommittee amendments and substitutes adopted
- House committee, floor amendments and substitutes offered
HISTORY
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20105118D
- 01/07/20 House: Referred to Committee on Finance
- 01/29/20 House: Assigned Finance sub: Subcommittee #2
- 02/03/20 House: Subcommittee recommends reporting with substitute (5-Y 4-N)
- 02/05/20 House: Committee substitute printed 20106197D-H1
- 02/05/20 House: Reported from Finance with substitute (16-Y 5-N)
- 02/06/20 House: Read first time
- 02/07/20 House: Read second time
- 02/07/20 House: Committee substitute agreed to 20106197D-H1
- 02/07/20 House: Engrossed by House - committee substitute HB1102H1
- 02/10/20 House: Read third time and passed House (59-Y 38-N)
- 02/10/20 House: VOTE: Passage (59-Y 38-N)
- 02/11/20 Senate: Constitutional reading dispensed
- 02/11/20 Senate: Referred to Committee on Finance and Appropriations
- 02/25/20 Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N)
- 02/25/20 Senate: Committee substitute printed 20108311D-S1
- 02/26/20 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/26/20 Senate: Read third time
- 02/26/20 Senate: Reading of substitute waived
- 02/26/20 Senate: Committee substitute agreed to 20108311D-S1
- 02/26/20 Senate: Engrossed by Senate - committee substitute HB1102S1
- 02/26/20 Senate: Passed Senate with substitute (36-Y 3-N 1-A)
- 02/26/20 House: Senate substitute agreed to by House 20108311D-S1 (60-Y 32-N)
- 02/26/20 House: VOTE: Adoption (60-Y 32-N)
- 03/02/20 House: Enrolled
- 03/02/20 House: Bill text as passed House and Senate (HB1102ER)
- 03/02/20 House: Signed by Speaker
- 03/03/20 Senate: Signed by President
- 03/12/20 House: Enrolled Bill communicated to Governor on March 12, 2020
- 03/12/20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 03/31/20 Governor: Approved by Governor-Chapter 538 (effective 7/1/20)
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0538)