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2016 SESSION
SB 179 Small Business Investment Grant Fund; administration, qualifications.
Introduced by: L. Louise Lucas | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Small Business Investment Grant Fund; administration; qualifications. Changes the administration of the Small Business Investment Grant Fund from the Department of Small Business and Supplier Diversity to the Virginia Small Business Financing Authority. The bill also changes the eligibility of businesses to receive a grant from the fund by (i) removing the requirement that a business be certified as a small business by the Department, (ii) limiting the total grant allocation from the Fund to $250,000 per eligible investor, and (iii) extending the period during which an eligible investor can make a qualified investment in a small business from January 1, 2015, to January 1, 2019.
FULL TEXT
- 01/04/16 Senate: Prefiled and ordered printed; offered 01/13/16 16100998D pdf | impact statement
- 03/04/16 Senate: Bill text as passed Senate and House (SB179ER) pdf | impact statement
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0520) pdf
HISTORY
- 01/04/16 Senate: Prefiled and ordered printed; offered 01/13/16 16100998D
- 01/04/16 Senate: Referred to Committee on General Laws and Technology
- 01/18/16 Senate: Reported from General Laws and Technology (11-Y 1-N 3-A)
- 01/20/16 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/21/16 Senate: Read second time and engrossed
- 01/25/16 Senate: Read third time and passed Senate (34-Y 5-N)
- 02/03/16 House: Placed on Calendar
- 02/03/16 House: Read first time
- 02/03/16 House: Referred to Committee on General Laws
- 02/17/16 House: Assigned GL sub: Subcommittee #2
- 02/18/16 House: Subcommittee recommends reporting (6-Y 0-N)
- 02/23/16 House: Reported from General Laws (22-Y 0-N)
- 02/23/16 House: Referred to Committee on Appropriations
- 02/24/16 House: Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology
- 02/29/16 House: Subcommittee recommends reporting (7-Y 0-N)
- 02/29/16 House: Reported from Appropriations (21-Y 0-N)
- 03/02/16 House: Read second time
- 03/03/16 House: Read third time
- 03/03/16 House: Passed House (95-Y 2-N 1-A)
- 03/03/16 House: VOTE: PASSAGE (95-Y 2-N 1-A)
- 03/04/16 Senate: Enrolled
- 03/04/16 Senate: Bill text as passed Senate and House (SB179ER)
- 03/04/16 House: Signed by Speaker
- 03/07/16 Senate: Signed by President
- 03/08/16 Senate: Enrolled Bill Communicated to Governor on 3/8/2016
- 03/08/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 03/29/16 Governor: Approved by Governor-Chapter 520 (effective 7/1/16)
- 03/29/16 Governor: Acts of Assembly Chapter text (CHAP0520)