Economic revitalization zone; created. (HB1974)

Introduced By

Del. Bill Fralin (R-Roanoke)

Progress

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

Description

Economic revitalization zone. Allows any city, by ordinance, to establish one or more economic revitalization zones for the purpose of providing incentives to private entities to purchase real property and interests in real property to assemble parcels suitable for economic development. Each city establishing an economic revitalization zone may grant tax incentives and provide regulatory flexibility. Properties that are acquired through the use of eminent domain shall not be eligible for the incentives and regulatory flexibility provided by the ordinance. Read the Bill »

Status

03/12/2007: signed by governor

History

DateAction
01/05/2007Committee
01/05/2007Prefiled and ordered printed; offered 01/10/07 071531302
01/05/2007Referred to Committee on Counties, Cities and Towns
01/19/2007Reported from Counties, Cities and Towns with amendments (19-Y 3-N) (see vote tally)
01/22/2007Read first time
01/23/2007Read second time
01/23/2007Committee amendments agreed to
01/23/2007Engrossed by House as amended HB1974E
01/23/2007Printed as engrossed 071531302-E
01/24/2007Read third time and passed House (94-Y 2-N)
01/24/2007Communicated to Senate
01/25/2007Constitutional reading dispensed
01/25/2007Referred to Committee on Local Government
02/15/2007Constitutional reading dispensed (35-Y 0-N)
02/15/2007VOTE: (35-Y 0-N) (see vote tally)
02/16/2007Read third time
02/16/2007Passed Senate (38-Y 0-N)
02/16/2007VOTE: (38-Y 0-N) (see vote tally)
02/16/2007Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
02/16/2007Passed Senate (39-Y 0-N)
02/16/2007VOTE: (39-Y 0-N) (see vote tally)
02/23/2007Enrolled
02/23/2007Bill text as passed House and Senate (HB1974ER)
02/24/2007Signed by Speaker
02/26/2007Signed by President
03/12/2007G Approved by Governor-Chapter 262 (effective 7/1/07)
03/15/2007G Acts of Assembly Chapter text (CHAP0262)