VA SB1370 | 2019 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-3)
Status: Passed on February 19 2019 - 100% progression
Action: 2019-02-19 - Governor: Acts of Assembly Chapter text (CHAP0041)
Text: Latest bill text (Chaptered) [HTML]

Summary

Semiconductor Manufacturing Grant Fund; creation. Creates the Semiconductor Manufacturing Grant Fund for the award of grants to a qualified semiconductor manufacturing company that makes a capital investment of at least $2.98 billion in a qualified locality and creates and maintains at least 1,106 new jobs with an average annual wage of at least $92,000. Such a qualified company would be eligible to receive a grant of $50 million in fiscal year 2020 and a grant of $20 million in fiscal year 2021, subject to total or partial recapture if the qualified company does not meet the performance metrics agreed to in a memorandum of understanding with the Commonwealth. This bill is identical to HB 2180.

Tracking Information

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Title

Semiconductor Manufacturing Grant Fund; created.

Sponsors


Roll Calls

2019-02-11 - House - House: VOTE: PASSAGE (93-Y 6-N) (Y: 93 N: 6 NV: 0 Abs: 0) [PASS]
2019-02-06 - House - House: Reported from Appropriations (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-28 - Senate - Senate: Read third time and passed Senate (36-Y 2-N) (Y: 36 N: 2 NV: 2 Abs: 0) [PASS]
2019-01-24 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-01-23 - Senate - Senate: Reported from Finance (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2019-02-19 Governor: Acts of Assembly Chapter text (CHAP0041)
2019-02-19 Governor: Approved by Governor-Chapter 41 (effective 7/1/19)
2019-02-14 Governor: Governor's Action Deadline Midnight, February 21, 2019
2019-02-14SenateEnrolled Bill Communicated to Governor on February 14, 2019
2019-02-13SenateSigned by President
2019-02-12HouseSigned by Speaker
2019-02-12SenateBill text as passed Senate and House (SB1370ER)
2019-02-12SenateEnrolled
2019-02-11HouseVOTE: PASSAGE (93-Y 6-N)
2019-02-11HousePassed House (93-Y 6-N)
2019-02-11HouseRead third time
2019-02-08HouseRead second time
2019-02-06HouseReported from Appropriations (22-Y 0-N)
2019-02-05HouseAssigned App. sub: Commerce, Agriculture, Natural Resources & Technology
2019-01-30HouseReferred to Committee on Appropriations
2019-01-30HouseRead first time
2019-01-30HousePlaced on Calendar
2019-01-28SenateRead third time and passed Senate (36-Y 2-N)
2019-01-25SenateRead second time and engrossed
2019-01-24SenateConstitutional reading dispensed (40-Y 0-N)
2019-01-23SenateReported from Finance (16-Y 0-N)
2019-01-08SenateReferred to Committee on Finance
2019-01-08SenatePrefiled and ordered printed; offered 01/09/19 19102238D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
591284.31(n/a)See Bill Text

Virginia State Sources


Bill Comments

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