Economic Development Incentive Grants; reduces waiting period for payments. (SB1281)

Introduced By

Sen. Walter Stosch (R-Glen Allen)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Economic Development Partnership; Virginia Economic Development Incentive Grants. Reduces the waiting period for payments under the Virginia Economic Development Incentive Grant subfund from four to three years. The bill also (i) raises the aggregate amount of grants payable in any fiscal year from $3 million to $6 million, (ii) raises the aggregate amounts outstanding at any time from $15 million to $30 million, and (iii) removes the limit on incentive grants that may be awarded in any single biennium. Read the Bill »


03/19/2007: signed by governor


01/10/2007Prefiled and ordered printed; offered 01/10/07 074268108
01/10/2007Referred to Committee on General Laws and Technology
01/19/2007Constitutional reading dispensed (39-Y 0-N)
01/22/2007Read second time and engrossed
01/23/2007Read third time and passed Senate (39-Y 1-N)
01/23/2007VOTE: (39-Y 1-N) (see vote tally)
01/23/2007Communicated to House
01/25/2007Impact statement from DPB (SB1281)
02/05/2007Placed on Calendar
02/05/2007Read first time
02/05/2007Referred to Committee on General Laws
02/06/2007Assigned GL sub: #4 Prof./Occup./Admin. (Cosgrove)
02/15/2007Reported from General Laws (22-Y 0-N) (see vote tally)
02/19/2007Read second time
02/20/2007Read third time
02/20/2007Passed House BLOCK VOTE (99-Y 0-N)
02/20/2007VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/07/2007Bill text as passed Senate and House (SB1281ER)
03/07/2007Signed by Speaker
03/08/2007Impact statement from DPB (SB1281ER)
03/08/2007Signed by President
03/19/2007G Approved by Governor-Chapter 576 (effective 7/1/07)
04/03/2007G Acts of Assembly Chapter text (CHAP0576)