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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2016 SESSION
SB 459 Virginia Collaborative Economic Development Act; established.
Introduced by: Frank M. Ruff, Jr. | Richard L. Saslaw | 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 HB 846.
FULL TEXT
- 01/12/16 Senate: Prefiled and ordered printed; offered 01/13/16 16102376D pdf | impact statement
- 02/09/16 Senate: Committee substitute printed 16105270D-S1 pdf | impact statement
- 03/07/16 House: Committee substitute printed 16106188D-H1 pdf
- 03/11/16 Senate: Conference substitute printed 16106387D-S2 pdf
- 03/25/16 Senate: Bill text as passed Senate and House (SB459ER) pdf | impact statement
- 04/08/16 Senate: Governor's substitute printed 16106484D-S3 pdf
- 04/20/16 Senate: Committee substitute printed 16106505D-S4 pdf
- 04/20/16 Senate: Reenrolled bill text (SB459ER2) pdf
- 05/16/16 Governor: Acts of Assembly Chapter text (CHAP0776) pdf
AMENDMENTS
HISTORY
- 01/12/16 Senate: Prefiled and ordered printed; offered 01/13/16 16102376D
- 01/12/16 Senate: Referred to Committee on Finance
- 02/09/16 Senate: Reported from Finance with substitute (15-Y 0-N)
- 02/09/16 Senate: Committee substitute printed 16105270D-S1
- 02/10/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/11/16 Senate: Read second time
- 02/11/16 Senate: Reading of substitute waived
- 02/11/16 Senate: Committee substitute agreed to 16105270D-S1
- 02/11/16 Senate: Engrossed by Senate - committee substitute SB459S1
- 02/11/16 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/11/16 Senate: Passed Senate (36-Y 4-N)
- 02/11/16 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 02/11/16 Senate: Passed Senate (38-Y 2-N)
- 02/15/16 House: Placed on Calendar
- 02/15/16 House: Read first time
- 02/15/16 House: Referred to Committee on Appropriations
- 03/07/16 House: Reported from Appropriations with substitute (20-Y 0-N)
- 03/07/16 House: Committee substitute printed 16106188D-H1
- 03/09/16 House: Read second time
- 03/10/16 House: Read third time
- 03/10/16 House: Committee substitute agreed to 16106188D-H1
- 03/10/16 House: Engrossed by House - committee substitute SB459H1
- 03/10/16 House: Passed House with substitute (91-Y 6-N)
- 03/10/16 House: VOTE: PASSAGE (91-Y 6-N)
- 03/10/16 Senate: House substitute rejected by Senate (1-Y 38-N)
- 03/10/16 House: House insisted on substitute
- 03/10/16 House: House requested conference committee
- 03/10/16 Senate: Senate acceded to request (38-Y 0-N)
- 03/10/16 Senate: Conferees appointed by Senate
- 03/10/16 Senate: Senators: Ruff, Saslaw, Hanger
- 03/10/16 House: Conferees appointed by House
- 03/10/16 House: Delegates: Hugo, Jones, James
- 03/11/16 Conference: Amended by conference committee
- 03/11/16 Senate: Conference substitute printed 16106387D-S2
- 03/11/16 Senate: Conference report agreed to by Senate (36-Y 2-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 Senate: Enrolled
- 03/25/16 Senate: Bill text as passed Senate and House (SB459ER)
- 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
- 04/08/16 Senate: Governor's recommendation received by Senate
- 04/08/16 Senate: Governor's substitute printed 16106484D-S3
- 04/20/16 Senate: Amendments specific and severable (0-Y 39-N)
- 04/20/16 Senate: Motion to refer to committee agreed to
- 04/20/16 Senate: Referred to Committee on Finance
- 04/20/16 Senate: Reported from Finance with substitute (15-Y 0-N)
- 04/20/16 Senate: Committee substitute printed 16106505D-S4
- 04/20/16 Senate: Read first time
- 04/20/16 Senate: Constitutional reading dispensed (39-Y 0-N)
- 04/20/16 Senate: Reading of substitute waived
- 04/20/16 Senate: Committee substitute agreed to 16106505D-S4
- 04/20/16 Senate: Reengrossed by Senate - committee substitute SB459S4
- 04/20/16 Senate: Constitutional reading dispensed (37-Y 0-N)
- 04/20/16 Senate: Passed Senate (35-Y 4-N)
- 04/20/16 House: Constitutional readings dispensed (91-Y 0-N)
- 04/20/16 House: VOTE: AGREE TO (91-Y 0-N)
- 04/20/16 House: Passed House (84-Y 7-N)
- 04/20/16 House: VOTE: PASSAGE (84-Y 7-N)
- 04/20/16 House: Reenrolled
- 04/20/16 Senate: Reenrolled bill text (SB459ER2)
- 04/20/16 Senate: Signed by President as reenrolled
- 04/20/16 House: Signed by Speaker as reenrolled
- 04/20/16 Senate: Communicated to Governor
- 04/20/16 Governor: Governor's Action Deadline Midnight, Friday, May 20, 2016
- 05/16/16 Governor: Approved by Governor-Chapter 776 (effective 7/1/16)
- 05/16/16 Governor: Acts of Assembly Chapter text (CHAP0776)