Aerospace Engine Manufacturing Performance Grant Program; established. (HB1330)
Introduced By
Del. Riley Ingram (R-Hopewell) with support from co-patrons Del. William Barlow (D-Smithfield), Sen. Roz Dance (D-Petersburg), Sen. Joe Morrissey (D-Richmond), and Sen. Fred Quayle (R-Suffolk)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Economic development grants; aerospace engine manufacturing. Establishes three grant programs relating to aerospace engine manufacturing. Grants would be paid to manufacturers of aerospace engines who (i) make a capital investment of at least $500 million in real and personal property and (ii) create in excess of 540 jobs relating to aerospace engine manufacturing or activities ancillary or supportive of such manufacturing. Under this grant program, a maximum of $35 million in grants would be paid beginning in the 2013-2014 fiscal year and ending in the 2022-2023 fiscal year. A second grant program would provide training grants in the amount of $9,000 for each new job created by a manufacturer of aerospace engines or an affiliate thereof. Training grants would not exceed $5,778,000 in total. In addition, a supplemental training grant in the amount of $3 million would be paid to an aerospace engine manufacturer who has invested at least $153.9 million in real and personal property and has hired at least 176 new employees. A final grant program would provide up to $5 million in grants to an aerospace engine manufacturer who induces certain suppliers to locate or expand operations in the Commonwealth. Such suppliers would be required to create at least 150 jobs and make a capital investment of at least $25 million in real and personal property. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/09/2008 | Committee |
01/09/2008 | Prefiled and ordered printed; offered 01/09/08 082877812 |
01/09/2008 | Referred to Committee on Appropriations |
01/18/2008 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
01/21/2008 | Impact statement from DPB (HB1330) |
02/06/2008 | Impact statement from DPB (HB1330) |
02/08/2008 | Reported from Appropriations with substitute (24-Y 0-N) (see vote tally) |
02/09/2008 | Committee substitute printed 082945696-H1 |
02/09/2008 | Read first time |
02/11/2008 | Read second time |
02/11/2008 | Committee substitute agreed to 082945696-H1 |
02/11/2008 | Engrossed by House - committee substitute HB1330H1 |
02/12/2008 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/12/2008 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/12/2008 | Communicated to Senate |
02/13/2008 | Constitutional reading dispensed |
02/13/2008 | Referred to Committee on Finance |
02/15/2008 | Impact statement from DPB (HB1330H1) |
02/19/2008 | Reported from Finance (15-Y 0-N) |
02/20/2008 | Constitutional reading dispensed (40-Y 0-N) |
02/21/2008 | Read third time |
02/21/2008 | Passed Senate (39-Y 0-N) |
02/21/2008 | Reconsideration of Senate passage agreed to by Senate (39-Y 0-N) |
02/21/2008 | Passed Senate (40-Y 0-N) (see vote tally) |
02/25/2008 | Enrolled |
02/25/2008 | Bill text as passed House and Senate (HB1330ER) |
02/25/2008 | Signed by Speaker |
02/26/2008 | Impact statement from DPB (HB1330ER) |
02/26/2008 | Signed by President |
03/04/2008 | G Approved by Governor-Chapter 254 (effective 7/1/08) |
03/04/2008 | G Approved by Governor-Chapter 256 (effective 7/1/08) |
03/06/2008 | G Acts of Assembly Chapter text (CHAP0256) |