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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
2016 SESSION
HB 846 Virginia Collaborative Economic Development Act; established, sunset provision.
Introduced by: Timothy D. Hugo | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Virginia Collaborative Economic Development Act. Creates the Virginia Collaborative Economic Development Performance Grant Fund (the Fund). The Fund will be administered by the Go Virginia Board. Two or more localities that collaborate and adopt a collaborative economic development plan will be eligible for grants from the Fund over a period of six years if the collaboration results in the location or expansion of a company in the Commonwealth that (i) creates at least 200 new jobs with average salaries at least equal to the average wage and (ii) makes a capital investment of at least $25 million. The total amount of the grant applied for shall not exceed 50 percent of the total investment of the localities in executing the collaborative economic development plan, and each annual installment of the grant may not exceed 45 percent of the total annual amount of personal income tax withheld by the certified company from the newly created jobs. Upon making a written finding of significant fiscal distress in or extraordinary economic opportunity for the participating localities, the Go Virginia Board may lower the job and capital investment requirements to no fewer than 25 new jobs and no less than $1 million in capital investment and may award up to 100 percent of the total investment of the localities. No grants shall be awarded absent a subsequent enactment of the General Assembly authorizing the award of the grants, and the grant program will sunset on July 1, 2026. This bill is identical to SB 459.
FULL TEXT
- 01/12/16 House: Prefiled and ordered printed; offered 01/13/16 16102377D pdf | impact statement
- 02/03/16 House: Committee substitute printed 16105102D-H1 pdf | impact statement
- 03/07/16 Senate: Committee substitute printed 16106211D-S1 pdf
- 03/11/16 House: Conference substitute printed 16106374D-H2 pdf
- 03/25/16 House: Bill text as passed House and Senate (HB846ER) pdf | impact statement
- 04/08/16 House: Governor's substitute printed 16106481D-H3 pdf
- 04/20/16 House: Floor substitute printed 16106507D-H4 (Hugo) pdf
- 04/20/16 House: Reenrolled bill text (HB846ER2) pdf
- 05/16/16 House: Bill text as passed House and Senate reprinted (HB846ER2) pdf
- 05/16/16 Governor: Acts of Assembly Chapter text (CHAP0777) pdf
AMENDMENTS
HISTORY
- 01/12/16 House: Prefiled and ordered printed; offered 01/13/16 16102377D
- 01/12/16 House: Referred to Committee on Appropriations
- 01/15/16 House: Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources
- 02/03/16 House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
- 02/03/16 House: Reported from Appropriations with substitute (20-Y 0-N)
- 02/03/16 House: Committee substitute printed 16105102D-H1
- 02/05/16 House: Read first time
- 02/08/16 House: Read second time
- 02/08/16 House: Committee substitute agreed to 16105102D-H1
- 02/08/16 House: Engrossed by House - committee substitute HB846H1
- 02/09/16 House: Read third time and passed House (93-Y 5-N 1-A)
- 02/09/16 House: VOTE: PASSAGE (93-Y 5-N 1-A)
- 02/10/16 Senate: Constitutional reading dispensed
- 02/10/16 Senate: Referred to Committee on Finance
- 03/07/16 Senate: Reported from Finance with substitute (12-Y 0-N)
- 03/07/16 Senate: Committee substitute printed 16106211D-S1
- 03/08/16 Senate: Read second time
- 03/08/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/08/16 Senate: Reading of substitute waived
- 03/08/16 Senate: Committee substitute agreed to 16106211D-S1
- 03/08/16 Senate: Engrossed by Senate - committee substitute HB846S1
- 03/08/16 Senate: Passed Senate with substitute (36-Y 2-N)
- 03/09/16 House: Placed on Calendar
- 03/09/16 House: Senate substitute rejected by House 16106211D-S1 (1-Y 98-N)
- 03/09/16 House: VOTE: REJECTED (1-Y 98-N)
- 03/10/16 Senate: Senate insisted on substitute (40-Y 0-N)
- 03/10/16 Senate: Senate requested conference committee
- 03/10/16 House: Conferees appointed by House
- 03/10/16 House: Delegates: Hugo, Jones, James
- 03/10/16 Senate: Conferees appointed by Senate
- 03/10/16 Senate: Senators: Ruff, Saslaw, Hanger
- 03/11/16 Conference: Amended by conference committee
- 03/11/16 House: Conference substitute printed 16106374D-H2
- 03/11/16 Senate: Conference report agreed to by Senate (35-Y 1-N)
- 03/11/16 House: Conference report agreed to by House (89-Y 8-N)
- 03/11/16 House: VOTE: ADOPTION (89-Y 8-N)
- 03/25/16 House: Enrolled
- 03/25/16 House: Bill text as passed House and Senate (HB846ER)
- 03/25/16 House: Signed by Speaker
- 03/28/16 Senate: Signed by President
- 03/28/16 House: Enrolled Bill communicated to Governor on 3/28/16
- 03/28/16 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
- 04/08/16 House: Governor's recommendation received by House
- 04/08/16 House: Governor's substitute printed 16106481D-H3
- 04/20/16 House: Placed on Calendar
- 04/20/16 House: Floor substitute printed 16106507D-H4 (Hugo)
- 04/20/16 House: Motion that Governor recommendation is not specific and severable agreed to 98-Y 0-N)
- 04/20/16 House: VOTE: Not specific & severable (98-Y 0-N)
- 04/20/16 House: Constitutional readings dispensed (98-Y 0-N)
- 04/20/16 House: VOTE: AGREE TO (98-Y 0-N)
- 04/20/16 House: Substitute by Delegate Hugo agreed to 16106507D-H4
- 04/20/16 House: Reengrossed by House - floor substitute HB846H4
- 04/20/16 House: Passed House (87-Y 10-N)
- 04/20/16 House: VOTE: PASSAGE (87-Y 10-N)
- 04/20/16 House: Reconsideration of passage agreed to by House
- 04/20/16 House: Passed House (88-Y 9-N)
- 04/20/16 House: VOTE: PASSAGE #2 (88-Y 9-N)
- 04/20/16 Senate: Constitutional reading dispensed
- 04/20/16 Senate: Referred to Committee on Finance
- 04/20/16 Senate: Reported from Finance (15-Y 0-N)
- 04/20/16 Senate: Read second time
- 04/20/16 Senate: Constitutional reading dispensed (39-Y 0-N)
- 04/20/16 Senate: Passed Senate (34-Y 5-N)
- 04/20/16 House: Reenrolled
- 04/20/16 House: Signed by Speaker as reenrolled
- 04/20/16 Senate: Signed by President as reenrolled
- 04/20/16 House: Communicated to Governor
- 04/20/16 Governor: Governor's Action Deadline Midnight, Friday, May 20, 2016
- 04/20/16 House: Reenrolled bill text (HB846ER2)
- 05/16/16 Governor: Approved by Governor-Chapter 777 (effective 7/1/16)
- 05/16/16 House: Bill text as passed House and Senate reprinted (HB846ER2)
- 05/16/16 Governor: Acts of Assembly Chapter text (CHAP0777)