MEI Project Approval Commission; shall review financing for individual incentive packages, etc. (SB184)

Introduced By

Sen. Chuck Colgan (D-Manassas)

Progress

√
 Introduced
√
 Passed Committee
√
 Passed House
√
 Passed Senate
√
 Signed by Governor
√
 Became Law

Description

MEI Project Approval Commission; work of the Commission.  Expands the scope of incentive packages to be reviewed by the MEI Project Approval Commission by eliminating the limitation that the Commission may only review incentive packages for MEI projects that are proposed to be funded by bonds of the Virginia Public Building Authority and by providing for the Commission to review incentive packages for which (i) one or more of the incentives in the incentive package is not authorized under current law or (ii) an amendment by the General Assembly is being sought to one or more currently existing incentives included as part of the incentive package.

A Major Employment and Investment project is defined under current law as a regional economic development project in which a private entity is expected to make a capital investment exceeding $250 million in the Commonwealth and to create more than 400 new full-time jobs.

As part of its review, the Commission may endorse certain incentive packages for MEI projects for approval by the General Assembly. Amends § 30-309, § 30-310, § 30-312, of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed

History

  • 01/11/2010 Prefiled and ordered printed; offered 01/13/10 10102843D
  • 01/11/2010 Referred to Committee on Rules
  • 01/18/2010 Assigned Rules sub: Studies
  • 02/10/2010 Impact statement from DPB (SB184)
  • 02/12/2010 Reported from Rules with substitute (17-Y 0-N) (see vote tally)
  • 02/12/2010 Committee substitute printed 10104377D-S1
  • 02/15/2010 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
  • 02/16/2010 Read second time
  • 02/16/2010 Reading of substitute waived
  • 02/16/2010 Committee substitute agreed to 10104377D-S1
  • 02/16/2010 Engrossed by Senate - committee substitute SB184S1
  • 02/16/2010 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
  • 02/16/2010 Passed Senate (40-Y 0-N) (see vote tally)
  • 02/17/2010 Impact statement from DPB (SB184S1)
  • 02/17/2010 Placed on Calendar
  • 02/17/2010 Read first time
  • 02/17/2010 Referred to Committee on Appropriations
  • 02/23/2010 Assigned App. sub: Economic Development, Agriculture and Natural Resources
  • 02/26/2010 Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
  • 03/01/2010 Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
  • 03/01/2010 Committee substitute printed 10105625D-H1
  • 03/03/2010 Read second time
  • 03/04/2010 Passed by for the day
  • 03/05/2010 Read third time
  • 03/05/2010 Committee substitute agreed to 10105625D-H1
  • 03/05/2010 Engrossed by House - committee substitute SB184H1
  • 03/05/2010 Passed House with substitute BLOCK VOTE (97-Y 0-N)
  • 03/05/2010 VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
  • 03/05/2010 Reconsideration of House passage agreed to by House
  • 03/05/2010 Passed House with substitute BLOCK VOTE (99-Y 0-N)
  • 03/05/2010 VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
  • 03/05/2010 Impact statement from DPB (SB184H1)
  • 03/09/2010 House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
  • 03/09/2010 Title replaced 10105625D-H1
  • 03/13/2010 Enrolled
  • 03/13/2010 Bill text as passed Senate and House (SB184ER)
  • 03/14/2010 Signed by Speaker
  • 03/15/2010 Signed by President
  • 03/30/2010 Impact statement from DPB (SB184ER)
  • 04/13/2010 G Approved by Governor-Chapter 716 (effective 7/1/10)
  • 04/13/2010 G Acts of Assembly Chapter text (CHAP0716)