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2019 SESSION

• | print version

SB 1370 Semiconductor Manufacturing Grant Fund; created.

Introduced by: Thomas K. Norment, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Semiconductor Manufacturing Grant Fund; creation. Creates the Semiconductor Manufacturing Grant Fund for the award of grants to a qualified semiconductor manufacturing company that makes a capital investment of at least $2.98 billion in a qualified locality and creates and maintains at least 1,106 new jobs with an average annual wage of at least $92,000. Such a qualified company would be eligible to receive a grant of $50 million in fiscal year 2020 and a grant of $20 million in fiscal year 2021, subject to total or partial recapture if the qualified company does not meet the performance metrics agreed to in a memorandum of understanding with the Commonwealth. This bill is identical to HB 2180.

FULL TEXT

• 01/08/19  Senate: Prefiled and ordered printed; offered 01/09/19 19102238D  pdf | impact statement
• 02/12/19  Senate: Bill text as passed Senate and House (SB1370ER)  pdf | impact statement
• 02/19/19  Governor: Acts of Assembly Chapter text (CHAP0041)  pdf

HISTORY

• 01/08/19  Senate: Prefiled and ordered printed; offered 01/09/19 19102238D
• 01/08/19  Senate: Referred to Committee on Finance
• 01/23/19  Senate: Reported from Finance (16-Y 0-N)
• 01/24/19  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/25/19  Senate: Read second time and engrossed
• 01/28/19  Senate: Read third time and passed Senate (36-Y 2-N)
• 01/30/19  House: Placed on Calendar
• 01/30/19  House: Read first time
• 01/30/19  House: Referred to Committee on Appropriations
• 02/05/19  House: Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
• 02/06/19  House: Reported from Appropriations (22-Y 0-N)
• 02/08/19  House: Read second time
• 02/11/19  House: Read third time
• 02/11/19  House: Passed House (93-Y 6-N)
• 02/11/19  House: VOTE: PASSAGE (93-Y 6-N)
• 02/12/19  Senate: Enrolled
• 02/12/19  Senate: Bill text as passed Senate and House (SB1370ER)
• 02/12/19  House: Signed by Speaker
• 02/13/19  Senate: Signed by President
• 02/14/19  Senate: Enrolled Bill Communicated to Governor on February 14, 2019
• 02/14/19  Governor: Governor's Action Deadline Midnight, February 21, 2019
• 02/19/19  Governor: Approved by Governor-Chapter 41 (effective 7/1/19)
• 02/19/19  Governor: Acts of Assembly Chapter text (CHAP0041)