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2016 SESSION
SB 625 Port Opportunity Fund; funds appropriated for grants, exception.
Introduced by: Kenneth Alexander (Resigned) | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Transfers to the Port Opportunity Fund; evaluation and report. Provides that when the Virginia Port Authority's revenues exceed its costs by at least 5%, the Authority will transfer to the Port Opportunity Fund up to 5% of the revenues, not to exceed $2 million, unless the Secretary of Transportation determines that the transfer is not in the long-term interest of the Authority. The bill also requires the Secretary of Transportation to evaluate whether the forecasted revenue and planned needs of the Authority support deposits of funding into and the continuation of the Port Opportunity Find and the continuation of the Port of Virginia Economic and Infrastructure Development Grant Fund and Program. The Secretary is required to report on the evaluation and any corresponding recommendations by November 15, 2016. The bill contains technical amendments. This bill incorporates SB 693.
FULL TEXT
- 01/15/16 Senate: Presented and ordered printed 16103879D pdf
- 02/11/16 Senate: Committee substitute printed 16105474D-S1 pdf
- 02/29/16 House: Committee substitute printed 16105809D-H1 pdf
- 03/11/16 Senate: Conference substitute printed 16106382D-S2 pdf
- 03/25/16 Senate: Bill text as passed Senate and House (SB625ER) pdf | impact statement
- 04/06/16 Governor: Acts of Assembly Chapter text (CHAP0714) pdf
AMENDMENTS
HISTORY
- 01/15/16 Senate: Presented and ordered printed 16103879D
- 01/15/16 Senate: Referred to Committee on Finance
- 02/11/16 Senate: Reported from Finance with substitute (14-Y 0-N)
- 02/11/16 Senate: Committee substitute printed 16105474D-S1
- 02/11/16 Senate: Incorporates SB693
- 02/15/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/16 Senate: Read second time
- 02/15/16 Senate: Reading of substitute waived
- 02/15/16 Senate: Committee substitute agreed to 16105474D-S1
- 02/15/16 Senate: Engrossed by Senate - committee substitute SB625S1
- 02/15/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/16 Senate: Passed Senate (40-Y 0-N)
- 02/17/16 House: Placed on Calendar
- 02/17/16 House: Read first time
- 02/17/16 House: Referred to Committee on Appropriations
- 02/22/16 House: Assigned App. sub: Transportation
- 02/29/16 House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
- 02/29/16 House: Committee substitute printed 16105809D-H1
- 02/29/16 House: Reported from Appropriations with substitute (22-Y 0-N)
- 03/02/16 House: Read second time
- 03/03/16 House: Read third time
- 03/03/16 House: Committee substitute agreed to 16105809D-H1
- 03/03/16 House: Engrossed by House - committee substitute SB625H1
- 03/03/16 House: Passed House with substitute BLOCK VOTE (98-Y 0-N)
- 03/03/16 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 03/07/16 Senate: House substitute rejected by Senate (1-Y 39-N)
- 03/08/16 House: House insisted on substitute
- 03/08/16 House: House requested conference committee
- 03/09/16 Senate: Senate acceded to request (40-Y 0-N)
- 03/09/16 Senate: Conferees appointed by Senate
- 03/09/16 Senate: Senators: Alexander, Wagner, Cosgrove
- 03/10/16 House: Conferees appointed by House
- 03/10/16 House: Delegates: Jones, Knight, James
- 03/11/16 Conference: Amended by conference committee
- 03/11/16 Senate: Conference substitute printed 16106382D-S2
- 03/11/16 Senate: Conference report agreed to by Senate (39-Y 0-N)
- 03/11/16 House: Conference report agreed to by House (93-Y 0-N)
- 03/11/16 House: VOTE: ADOPTION (93-Y 0-N)
- 03/25/16 Senate: Enrolled
- 03/25/16 Senate: Bill text as passed Senate and House (SB625ER)
- 03/25/16 House: Signed by Speaker
- 03/28/16 Senate: Signed by President
- 03/28/16 Senate: Enrolled Bill Communicated to Governor on 3/28/16
- 03/28/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 04/06/16 Governor: Approved by Governor-Chapter 714 (effective 7/1/16)
- 04/06/16 Governor: Acts of Assembly Chapter text (CHAP0714)