Science and technology development and commercialization; promotion thereof in State. (SB1338)

Introduced By

Sen. Mark Herring (D-Leesburg)

Progress

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

Description

Promotion of science and technology-based research, development, and commercialization in the Commonwealth. Makes several changes to the Code of Virginia to encourage research, development, and commercialization of advancements in science and technology in the Commonwealth. First, the bill would require the Virginia Economic Development Partnership to promote biosciences-related research and industry in the Commonwealth in order to stay competitive with similar efforts in neighboring states. Second, the bill changes the existing Commonwealth Technology Research Fund to the Commonwealth Research Commercialization Fund to better focus the moneys available under this program to key areas of research and development in the Commonwealth, to emphasize the importance of commercialization of research and development through matching-funds programs and the leveraging of private and federal funds for commercialization activities, and to provide a loan program for the construction of facilities utilized in commercializing qualified research. Finally, the bill amends the existing qualified equity and subordinated debt investment tax credit to limit its applicability only to companies engaged in science and technology-related businesses, and to encourage investment in companies focused on commercializing research developed at universities. This bill is a recommendation of the Joint Subcommittee Studying Biosciences and Biotechnology in the Commonwealth (HJR 248). Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/14/2009Prefiled and ordered printed; offered 01/14/09 095979736
01/14/2009Referred to Committee on General Laws and Technology
01/21/2009Impact statement from DPB (SB1338)
01/21/2009Reported from General Laws and Technology with amendments (13-Y 0-N) (see vote tally)
01/23/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/26/2009Passed by for the day
01/27/2009Passed by for the day
01/28/2009Read second time
01/28/2009Passed by for the day
01/29/2009Read second time
01/29/2009Committee amendments agreed to
01/29/2009Amendments Set 1 by Senator Cuccinelli rejected
01/29/2009Reading of amendments waived
01/29/2009Amendments Set 2 by Senator Cuccinelli rejected
01/29/2009Engrossed by Senate as amended SB1338E
01/29/2009Printed as engrossed 095979736-E
01/30/2009Read third time and passed Senate (33-Y 5-N) (see vote tally)
01/30/2009Reconsideration of passage agreed to by Senate (39-Y 0-N) (see vote tally)
01/30/2009Passed Senate (35-Y 4-N) (see vote tally)
02/04/2009Impact statement from DPB (SB1338E)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Science and Technology
02/18/2009Reported from Science and Technology with amendments (21-Y 0-N) (see vote tally)
02/20/2009Read second time
02/23/2009Passed by for the day
02/24/2009Read third time
02/24/2009Committee amendments agreed to
02/24/2009Engrossed by House as amended
02/24/2009Passed House with amendments BLOCK VOTE (99-Y 0-N)
02/24/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/25/2009Passed by temporarily
02/25/2009Passed by for the day
02/26/2009Passed by temporarily
02/26/2009House amendments rejected by Senate (10-Y 28-N) (see vote tally)
02/26/2009House insisted on amendments
02/26/2009House requested conference committee
02/26/2009Senate acceded to request (38-Y 0-N) (see vote tally)
02/26/2009Conferees appointed by House
02/26/2009Delegates: O'Bannon, Nixon, Sickles
02/26/2009Conferees appointed by Senate
02/26/2009Senators: Herring, Vogel, McEachin
02/28/2009Conference report agreed to by Senate (38-Y 2-N) (see vote tally)
02/28/2009Conference report agreed to by House (99-Y 0-N)
02/28/2009VOTE: --- ADOPTION (99-Y 0-N) (see vote tally)
03/09/2009Enrolled
03/09/2009Bill text as passed Senate and House (SB1338ER)
03/09/2009Signed by President
03/11/2009Signed by Speaker
03/12/2009Impact statement from DPB (SB1338ER)
03/30/2009Governor's recommendation received by Senate
04/07/2009Placed on Calendar
04/08/2009Enacted, Chapter 852 (effective 7/1/09)
04/08/2009Senate concurred in Governor's recommendation (39-Y 0-N) (see vote tally)
04/08/2009House concurred in Governor's recommendation (98-Y 0-N)
04/08/2009VOTE: --- ADOPTION (98-Y 0-N) (see vote tally)
04/08/2009G Governor's recommendation adopted
04/08/2009Reenrolled bill text (SB1338ER2)
04/08/2009Reenrolled
04/08/2009Signed by President as reenrolled
04/08/2009Signed by Speaker as reenrolled
04/08/2009Enacted, Chapter 853 (effective 7/1/09)
04/08/2009G Acts of Assembly Chapter text (CHAP0853)
04/14/2009Reenrolled
04/14/2009Reenrolled bill text (SB1338ER2)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 2 minutes.

Comments

Virginia Biotechnology Association, tracking this bill in Photosynthesis, notes:

VaBIO Supports.

Daniel Shifflett writes:

Why is Virginia taking a step backwards in denying funding for embryonic stem cell research? Embryos that would otherwise be destroyed because they aren't needed in fertility clinics could be studied, possibly leading to cures for debilitating and fatal diseases.