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. Read the Bill »

Outcome

Bill Has Passed

History

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

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.