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2020 SESSION
SB 787 Hampton Roads Regional Arena Authority; created, financing of a Hampton Roads arena and facility.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (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 HB 1102.
FULL TEXT
- 01/08/20 Senate: Prefiled and ordered printed; offered 01/08/20 20103539D pdf | impact statements
- 01/31/20 Senate: Printed as engrossed 20103539D-E pdf | impact statement
- 02/21/20 House: Committee substitute printed 20108317D-H1 pdf
- 03/04/20 Senate: Bill text as passed Senate and House (SB787ER) pdf | impact statement
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0539) pdf
AMENDMENTS
- House committee, floor amendments and substitutes offered
- House amendments adopted
- House amendments engrossed
- Senate amendments
HISTORY
- 01/08/20 Senate: Prefiled and ordered printed; offered 01/08/20 20103539D
- 01/08/20 Senate: Referred to Committee on Local Government
- 01/20/20 Senate: Reported from Local Government with amendments (12-Y 1-N 2-A)
- 01/20/20 Senate: Rereferred to Finance and Appropriations
- 01/29/20 Senate: Reported from Finance and Appropriations (16-Y 0-N)
- 01/30/20 Senate: Constitutional reading dispensed (37-Y 0-N)
- 01/31/20 Senate: Read second time
- 01/31/20 Senate: Reading of amendments waived
- 01/31/20 Senate: Committee amendments agreed to
- 01/31/20 Senate: Engrossed by Senate as amended SB787E
- 01/31/20 Senate: Printed as engrossed 20103539D-E
- 02/03/20 Senate: Read third time and passed Senate (37-Y 2-N)
- 02/21/20 House: Placed on Calendar
- 02/21/20 House: Read first time
- 02/21/20 House: Referred to Committee on Appropriations
- 02/21/20 House: Reported from Appropriations with substitute (18-Y 4-N)
- 02/21/20 House: Committee substitute printed 20108317D-H1
- 02/25/20 House: Read second time
- 02/26/20 House: Read third time
- 02/26/20 House: Committee substitute agreed to 20108317D-H1
- 02/26/20 House: Amendment by Delegate Miyares agreed to
- 02/26/20 House: Engrossed by House - committee substitute with amendment SB787H1
- 02/26/20 House: Passed House with substitute with amendment (64-Y 34-N)
- 02/26/20 House: VOTE: Passage (64-Y 34-N)
- 02/26/20 Senate: House substitute with amendment agreed to by Senate (38-Y 2-N)
- 02/26/20 Senate: Title replaced 20108317D-H1
- 03/04/20 Senate: Enrolled
- 03/04/20 Senate: Bill text as passed Senate and House (SB787ER)
- 03/05/20 Senate: Signed by President
- 03/06/20 House: Signed by Speaker
- 03/12/20 Senate: 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 539 (effective 7/1/20)
- 03/31/20 Governor: Acts of Assembly Chapter text (CHAP0539)