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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2022 SESSION
SB 727 Virginia Football Stadium Authority; established, definitions, report.
Introduced by: Richard L. Saslaw | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Virginia Football Stadium Authority. Establishes the Virginia Football Stadium Authority as a political subdivision charged with financing the construction of a football stadium and related facilities. The Authority is authorized to hire independent contractors, enter contracts, acquire property, borrow money, and exercise other similar powers. The Authority is exempt from the Personnel Act and the Public Procurement Act. The Authority may issue bonds with a maximum maturity date of 40 years.
The bill entitles the Authority to sales tax revenues from transactions at the stadium but would exclude certain revenues that current law dedicates to transportation and education. The bill also entitles the Authority to corporate income tax revenues from football teams that use the stadium and personal income tax revenues from income generated by employment or the conduct of business at the stadium. The Authority receives all corporate income tax revenues but only 4.25 percent of personal income tax revenues. Remaining personal income tax revenues accrue to the general fund.
The Authority is made up of nine members appointed by the Governor and subject to confirmation by the General Assembly. Four of the nine members are appointed from a list chosen by the football team that primarily will use the stadium.
The bill enables localities to exercise their eminent domain power to acquire property and convey it to the Authority. It also authorizes localities to appropriate tax revenues to the Authority.
FULL TEXT
- 01/21/22 Senate: Presented and ordered printed 22104298D pdf | impact statement
- 02/10/22 Senate: Committee substitute printed 22106150D-S1 pdf
- 02/15/22 Senate: Printed as engrossed 22106150D-ES1 pdf | impact statement
- 02/25/22 House: Committee substitute printed 22106884D-H1 pdf | impact statement
AMENDMENTS
- House committee, floor amendments and substitutes offered
- Senate subcommittee amendments and substitutes offered
- Senate amendments
HISTORY
- 01/21/22 Senate: Presented and ordered printed 22104298D
- 01/21/22 Senate: Referred to Committee on Finance and Appropriations
- 02/10/22 Senate: Reported from Finance and Appropriations with substitute (14-Y 2-N)
- 02/10/22 Senate: Committee substitute printed 22106150D-S1
- 02/11/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/22 Senate: Passed by for the day
- 02/15/22 Senate: Read second time
- 02/15/22 Senate: Reading of substitute waived
- 02/15/22 Senate: Committee substitute agreed to 22106150D-S1
- 02/15/22 Senate: Reading of amendment waived
- 02/15/22 Senate: Amendment by Senator Newman agreed to
- 02/15/22 Senate: Engrossed by Senate - committee substitute with amendment SB727ES1
- 02/15/22 Senate: Printed as engrossed 22106150D-ES1
- 02/15/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/22 Senate: Passed Senate (33-Y 7-N)
- 02/15/22 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 02/15/22 Senate: Passed Senate (32-Y 8-N)
- 02/18/22 House: Placed on Calendar
- 02/18/22 House: Read first time
- 02/18/22 House: Referred to Committee on Appropriations
- 02/25/22 House: Reported from Appropriations with substitute (16-Y 6-N)
- 02/25/22 House: Committee substitute printed 22106884D-H1
- 02/28/22 House: Read second time
- 03/01/22 House: Passed by for the day
- 03/02/22 House: Read third time
- 03/02/22 House: Committee substitute agreed to 22106884D-H1
- 03/02/22 House: Engrossed by House - committee substitute SB727H1
- 03/02/22 House: Passed House with substitute (54-Y 46-N)
- 03/02/22 House: VOTE: Passage (54-Y 46-N)
- 03/02/22 Senate: House substitute rejected by Senate (0-Y 40-N)
- 03/02/22 House: House insisted on substitute
- 03/02/22 House: House requested conference committee
- 03/02/22 Senate: Senate acceded to request (30-Y 10-N)
- 03/02/22 Senate: Conferees appointed by Senate
- 03/02/22 Senate: Senators: Saslaw, Newman, Ebbin
- 03/02/22 House: Conferees appointed by House
- 03/02/22 House: Delegates: Knight, Marshall, Hayes
- 03/12/22 Senate: Continued to 2022 Sp. Sess. 1 pursuant to HJR455