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2011 SESSION
SB 1315 Governor's Development Opportunity Fund; contract between political subdivision and beneficiary.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Governor's Development Opportunity Fund. Provides that the contract between the political subdivision and the business beneficiary regarding a grant awarded under the Governor's Development Opportunity Fund must include consideration of layoffs when determining the total net number of new jobs created over the course of the contract. In addition, the bill provides that whenever net layoffs instituted by a business beneficiary over the course of the period covered by a grant contract causes the total number of the new jobs to be fewer than the number agreed to, then the business beneficiary must return such portion of any funds received as provided by the formula established in the guidelines. The bill contains technical amendments.
FULL TEXT
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103002D pdf | impact statement
- 03/03/11 Senate: Bill text as passed Senate and House (SB1315ER) pdf | impact statement
- 03/25/11 Governor: Acts of Assembly Chapter text (CHAP0539) pdf
HISTORY
- 01/12/11 Senate: Prefiled and ordered printed; offered 01/12/11 11103002D
- 01/12/11 Senate: Referred to Committee on General Laws and Technology
- 01/19/11 Senate: Reported from General Laws and Technology (15-Y 0-N)
- 01/21/11 Senate: Constitutional reading dispensed (35-Y 0-N)
- 01/24/11 Senate: Read second time and engrossed
- 01/25/11 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/07/11 House: Placed on Calendar
- 02/07/11 House: Read first time
- 02/07/11 House: Referred to Committee on General Laws
- 02/14/11 House: Assigned GL sub: #4 Professions/Occupations and Administrative Process
- 02/15/11 House: Subcommittee recommends reporting (5-Y 1-N)
- 02/17/11 House: Reported from General Laws (16-Y 1-N)
- 02/21/11 House: Read second time
- 02/22/11 House: Read third time
- 02/22/11 House: Passed House (97-Y 0-N)
- 02/22/11 House: VOTE: PASSAGE (97-Y 0-N)
- 03/03/11 Senate: Enrolled
- 03/03/11 Senate: Bill text as passed Senate and House (SB1315ER)
- 03/03/11 House: Signed by Speaker
- 03/06/11 Senate: Signed by President
- 03/25/11 Governor: Approved by Governor-Chapter 539 (effective 7/1/11)
- 03/25/11 Governor: Acts of Assembly Chapter text (CHAP0539)