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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
2022 SESSION
HB 1353 Virginia Football Stadium Authority; established.
Introduced by: Barry D. Knight | 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 20 years. The bill provides that at least 50 percent of any revenues received from selling the naming rights to the stadium shall be dedicated to the principal and financing costs of any bonds issued under the bill and provides that if the football team that will primarily use the stadium (the primary team) relocates, it shall be required to repay any outstanding principal and financing costs.
The bill entitles the Authority to sales tax revenues from transactions at the stadium but excludes certain revenues that current law dedicates to transportation and education. The entitlement begins on the stadium's operational date. The bill enables localities to appropriate tax revenues to the Authority.
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 primary team. The provisions of the bill expire if the Authority has not entered into a development and lease agreement with the primary team before July 1, 2025.
FULL TEXT
- 01/21/22 House: Presented and ordered printed 22104733D pdf | impact statement
- 03/01/22 Senate: Committee substitute printed 22107274D-S1 pdf | impact statement
AMENDMENTS
HISTORY
- 01/21/22 House: Presented and ordered printed 22104733D
- 01/21/22 House: Referred to Committee on Appropriations
- 02/07/22 House: Reported from Appropriations (14-Y 7-N)
- 02/09/22 House: Read first time
- 02/10/22 House: Read second time
- 02/10/22 House: Passed by for the day
- 02/11/22 House: Read second time
- 02/11/22 House: Motion to pass by Amendment by Delegate Simon agreed to (51-Y 43-N)
- 02/11/22 House: VOTE: Pass By (51-Y 46-N 1-A)
- 02/11/22 House: Engrossed by House
- 02/14/22 House: Read third time and passed House (62-Y 37-N)
- 02/14/22 House: VOTE: Passage (62-Y 37-N)
- 02/16/22 Senate: Constitutional reading dispensed
- 02/16/22 Senate: Referred to Committee on Finance and Appropriations
- 03/01/22 Senate: Reported from Finance and Appropriations with substitute (12-Y 2-N 1-A)
- 03/01/22 Senate: Committee substitute printed 22107274D-S1
- 03/02/22 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/02/22 Senate: Read third time
- 03/02/22 Senate: Reading of substitute waived
- 03/02/22 Senate: Committee substitute agreed to 22107274D-S1
- 03/02/22 Senate: Engrossed by Senate - committee substitute HB1353S1
- 03/02/22 Senate: Passed Senate with substitute (30-Y 9-N 1-A)
- 03/02/22 Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N 1-A)
- 03/02/22 Senate: Passed Senate with substitute (30-Y 10-N)
- 03/02/22 House: Senate substitute rejected by House 22107274D-S1 (0-Y 98-N)
- 03/02/22 House: VOTE: Rejected (0-Y 98-N)
- 03/02/22 Senate: Senate insisted on substitute (30-Y 10-N)
- 03/02/22 Senate: Senate requested conference committee
- 03/02/22 House: House acceded to request
- 03/02/22 House: Conferees appointed by House
- 03/02/22 House: Delegates: Knight, Marshall, Hayes
- 03/02/22 Senate: Conferees appointed by Senate
- 03/02/22 Senate: Senators: Saslaw, Newman, Ebbin
- 03/12/22 House: Continued to 2022 Sp. Sess. 1 pursuant to HJR455