Governor's Development Opportunity Fund; adjusts eligibility for grants or loans. (HB2468)
Introduced By
Del. Danny Marshall (R-Danville) with support from 8 copatrons, whose average partisan position is:
Those copatrons are Del. Ward Armstrong (D-Martinsville), Del. Allen Dudley (R-Rocky Mount), Del. Joseph Johnson (D-Abingdon), Del. Terry Kilgore (R-Gate City), Sen. Charles Hawkins (R-Chatham), Sen. Robert Hurt (R-Chatham), Sen. Roscoe Reynolds (D-Martinsville), Sen. William Wampler (R-Bristol)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Governor's Development Opportunity Fund. Adjusts eligibility for grants or loans from the Governor's Development Opportunity Fund for projects that are in a city or county located in a Metropolitan or Micripolitan Service Area whose annual average unemployment rate for the most recent calendar year is one and a half times or more the state average. In such cases, the minimum amount of private investment is lowered from $10,000,000 to $7,500,000 and the number of new jobs that must be created from 100 to 75. For localities with a population between 50,000 and 100,000 the minimums are lowered from $5,000,000 in private investment to $3,500,000 and from 50 new jobs to 35. For localities with less than 50,000 in population, minimums are lowered from $2,500,000 in private investment to $1,500,000 and from 25 new jobs to 15. Read the Bill »
Status
03/20/2007: signed by governor
History
Date | Action |
---|---|
01/09/2007 | Prefiled and ordered printed with emergency clause; offered 01/10/07 07155710" HB2468" |
01/09/2007 | Prefiled and ordered printed with emergency clause; offered 01/10/07 071557103 |
01/09/2007 | Prefiled and ordered printed; offered 01/10/07 071557103 |
01/09/2007 | Referred to Committee on General Laws |
01/12/2007 | Assigned GL sub: #4 Prof./Occup./Admin. (Cosgrove) |
01/18/2007 | Impact statement from DPB (HB2468) |
02/02/2007 | Committee substitute printed 071596392-H1 |
02/03/2007 | Read first time |
02/05/2007 | Read second time |
02/05/2007 | Committee substitute agreed to 071596392-H1 |
02/05/2007 | Engrossed by House - committee substitute HB2468H1 |
02/06/2007 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
02/06/2007 | Communicated to Senate |
02/07/2007 | Constitutional reading dispensed |
02/07/2007 | Referred to Committee on General Laws and Technology |
02/08/2007 | Impact statement from DPB (HB2468H1) |
02/14/2007 | Reported from General Laws and Technology with substitute (14-Y 0-N) (see vote tally) |
02/15/2007 | Committee substitute printed 072799392-S1 |
02/16/2007 | Constitutional reading dispensed (39-Y 0-N) |
02/16/2007 | VOTE: (39-Y 0-N) (see vote tally) |
02/19/2007 | Read third time |
02/19/2007 | Reading of substitute waived |
02/19/2007 | Committee substitute agreed to 072799392-S1 |
02/19/2007 | Engrossed by Senate - committee substitute HB2468S1 |
02/19/2007 | Passed Senate with substitute (40-Y 0-N) |
02/19/2007 | VOTE: (40-Y 0-N) (see vote tally) |
02/20/2007 | Placed on Calendar |
02/21/2007 | Senate substitute agreed to by House (87-Y 9-N) |
02/21/2007 | VOTE: ADOPTION (87-Y 9-N) (see vote tally) |
03/07/2007 | Enrolled |
03/07/2007 | Bill text as passed House and Senate (HB2468ER) |
03/07/2007 | Signed by Speaker |
03/08/2007 | Signed by President |
03/14/2007 | Impact statement from DPB (HB2468ER) |
03/20/2007 | G Approved by Governor-Chapter 654 (effective 7/1/07) |
04/05/2007 | G Acts of Assembly Chapter text (CHAP0654) |