VA SB1788 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in chamber
Action: 2019-02-18 - Stricken from Senate calendar (40-Y 0-N)
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 13 2019 - 25% progression, died in chamber
Action: 2019-02-18 - Stricken from Senate calendar (40-Y 0-N)
Text: Latest bill text (Introduced) [HTML]
Summary
City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority. City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority.
Title
Sports or entertainment project; City of Va. Beach granted certain powers relating to construction.
Sponsors
Roll Calls
2019-02-18 - Senate - Senate: Stricken from Senate calendar (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-15 - Senate - Senate: Reported from Finance (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 0 Abs: 1) [PASS]
2019-02-15 - Senate - Senate: Reported from Finance (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2019-02-18 | Senate | Stricken from Senate calendar (40-Y 0-N) |
2019-02-18 | Senate | Read first time |
2019-02-15 | Senate | Reported from Finance (14-Y 0-N 1-A) |
2019-02-13 | Senate | Referred to Committee on Finance |
2019-02-13 | Senate | Presented and ordered printed 19107042D |
2019-02-13 | Senate | Unanimous consent to introduce |