VA SB459 | 2016 | Regular Session

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on May 16 2016 - 100% progression
Action: 2016-05-16 - Governor: Acts of Assembly Chapter text (CHAP0776)
Text: Latest bill text (Chaptered) [HTML]

Summary

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.

Tracking Information

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Title

Virginia Collaborative Economic Development Act; established.

Sponsors


Roll Calls

2016-04-20 - House - House: VOTE: PASSAGE (84-Y 7-N) (Y: 85 N: 9 NV: 9 Abs: 0) [PASS]
2016-04-20 - House - House: VOTE: AGREE TO (91-Y 0-N) (Y: 94 N: 0 NV: 9 Abs: 0) [PASS]
2016-04-20 - Senate - Senate: Passed Senate (35-Y 4-N) (Y: 35 N: 4 NV: 0 Abs: 0) [PASS]
2016-04-20 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 2 Abs: 0) [PASS]
2016-04-20 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 0) [PASS]
2016-04-20 - Senate - Senate: Amendments specific and severable (0-Y 39-N) (Y: 0 N: 39 NV: 0 Abs: 0) [FAIL]
2016-04-20 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2016-03-11 - House - House: VOTE: ADOPTION (89-Y 8-N) (Y: 91 N: 9 NV: 3 Abs: 0) [PASS]
2016-03-11 - Senate - Senate: Conference report agreed to by Senate (36-Y 2-N) (Y: 36 N: 2 NV: 2 Abs: 0) [PASS]
2016-03-10 - House - House: VOTE: PASSAGE (91-Y 6-N) (Y: 94 N: 6 NV: 3 Abs: 0) [PASS]
2016-03-10 - Senate - Senate: Senate acceded to request (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2016-03-10 - Senate - Senate: House substitute rejected by Senate (1-Y 38-N) (Y: 1 N: 38 NV: 1 Abs: 0) [FAIL]
2016-03-07 - House - House: Reported from Appropriations with substitute (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Passed Senate (38-Y 2-N) (Y: 38 N: 2 NV: 0 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Passed Senate (36-Y 4-N) (Y: 36 N: 4 NV: 0 Abs: 0) [PASS]
2016-02-11 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-10 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-09 - Senate - Senate: Reported from Finance with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2016-05-16 Governor: Acts of Assembly Chapter text (CHAP0776)
2016-05-16 Governor: Approved by Governor-Chapter 776 (effective 7/1/16)
2016-04-20 Governor: Governor's Action Deadline Midnight, Friday, May 20, 2016
2016-04-20SenateCommunicated to Governor
2016-04-20HouseSigned by Speaker as reenrolled
2016-04-20SenateSigned by President as reenrolled
2016-04-20SenateReenrolled bill text (SB459ER2)
2016-04-20HouseReenrolled
2016-04-20HouseVOTE: PASSAGE (84-Y 7-N)
2016-04-20HousePassed House (84-Y 7-N)
2016-04-20HouseVOTE: AGREE TO (91-Y 0-N)
2016-04-20HouseConstitutional readings dispensed (91-Y 0-N)
2016-04-20SenatePassed Senate (35-Y 4-N)
2016-04-20SenateConstitutional reading dispensed (37-Y 0-N)
2016-04-20SenateReengrossed by Senate - committee substitute SB459S4
2016-04-20SenateCommittee substitute agreed to 16106505D-S4
2016-04-20SenateReading of substitute waived
2016-04-20SenateConstitutional reading dispensed (39-Y 0-N)
2016-04-20SenateRead first time
2016-04-20SenateCommittee substitute printed 16106505D-S4
2016-04-20SenateReported from Finance with substitute (15-Y 0-N)
2016-04-20SenateReferred to Committee on Finance
2016-04-20SenateMotion to refer to committee agreed to
2016-04-20SenateAmendments specific and severable (0-Y 39-N)
2016-04-08SenateGovernor's substitute printed 16106484D-S3
2016-04-08SenateGovernor's recommendation received by Senate
2016-03-28 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
2016-03-28SenateEnrolled Bill Communicated to Governor on 3/28/16
2016-03-28SenateSigned by President
2016-03-25HouseSigned by Speaker
2016-03-25SenateBill text as passed Senate and House (SB459ER)
2016-03-25SenateEnrolled
2016-03-11HouseVOTE: ADOPTION (89-Y 8-N)
2016-03-11HouseConference report agreed to by House (89-Y 8-N)
2016-03-11SenateConference report agreed to by Senate (36-Y 2-N)
2016-03-11SenateConference substitute printed 16106387D-S2
2016-03-11 Conference: Amended by conference committee
2016-03-10HouseDelegates: Hugo, Jones, James
2016-03-10HouseConferees appointed by House
2016-03-10SenateSenators: Ruff, Saslaw, Hanger
2016-03-10SenateConferees appointed by Senate
2016-03-10SenateSenate acceded to request (38-Y 0-N)
2016-03-10HouseHouse requested conference committee
2016-03-10HouseHouse insisted on substitute
2016-03-10SenateHouse substitute rejected by Senate (1-Y 38-N)
2016-03-10HouseVOTE: PASSAGE (91-Y 6-N)
2016-03-10HousePassed House with substitute (91-Y 6-N)
2016-03-10HouseEngrossed by House - committee substitute SB459H1
2016-03-10HouseCommittee substitute agreed to 16106188D-H1
2016-03-10HouseRead third time
2016-03-09HouseRead second time
2016-03-07HouseCommittee substitute printed 16106188D-H1
2016-03-07HouseReported from Appropriations with substitute (20-Y 0-N)
2016-02-15HouseReferred to Committee on Appropriations
2016-02-15HouseRead first time
2016-02-15HousePlaced on Calendar
2016-02-11SenatePassed Senate (38-Y 2-N)
2016-02-11SenateReconsideration of passage agreed to by Senate (39-Y 0-N)
2016-02-11SenatePassed Senate (36-Y 4-N)
2016-02-11SenateConstitutional reading dispensed (40-Y 0-N)
2016-02-11SenateEngrossed by Senate - committee substitute SB459S1
2016-02-11SenateCommittee substitute agreed to 16105270D-S1
2016-02-11SenateReading of substitute waived
2016-02-11SenateRead second time
2016-02-10SenateConstitutional reading dispensed (40-Y 0-N)
2016-02-09SenateCommittee substitute printed 16105270D-S1
2016-02-09SenateReported from Finance with substitute (15-Y 0-N)
2016-01-12SenateReferred to Committee on Finance
2016-01-12SenatePrefiled and ordered printed; offered 01/13/16 16102376D

Same As/Similar To

HB846 (Same As) 2016-05-16 - Governor: Acts of Assembly Chapter text (CHAP0777)

Code Citations

ChapterArticleSectionCitation TypeStatute Text
225105(n/a)See Bill Text
225108(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+SB459
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459S1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459H1+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459S2+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459S3+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459S4+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB459ER2+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0776+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0083+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0313SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0331SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0334SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0338SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0339SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H02V0145+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1026SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1035SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1318+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1112SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1376+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S05V0269+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1124SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1148SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1149SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV1150SB0459+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1457+SB0459
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1458+SB0459

Bill Comments

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