Governor's Development Opportunity Fund; contract between political subdivision and beneficiary. (SB1315)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Governor's Development Opportunity Fund. Provides that the contract between the political subdivision and the business beneficiary regarding a grant awarded under the Governor's Development Opportunity Fund must include consideration of layoffs when determining the total net number of new jobs created over the course of the contract. In addition, the bill provides that whenever net layoffs instituted by a business beneficiary over the course of the period covered by a grant contract causes the total number of the new jobs to be fewer than the number agreed to, then the business beneficiary must return such portion of any funds received as provided by the formula established in the guidelines. The bill contains technical amendments. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11103002D |
01/12/2011 | Referred to Committee on General Laws and Technology |
01/19/2011 | Impact statement from DPB (SB1315) |
01/19/2011 | Reported from General Laws and Technology (15-Y 0-N) (see vote tally) |
01/21/2011 | Constitutional reading dispensed (35-Y 0-N) (see vote tally) |
01/24/2011 | Read second time and engrossed |
01/25/2011 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
02/07/2011 | Placed on Calendar |
02/07/2011 | Read first time |
02/07/2011 | Referred to Committee on General Laws |
02/14/2011 | Assigned GL sub: #4 Professions/Occupations and Administrative Process |
02/15/2011 | Subcommittee recommends reporting (5-Y 1-N) |
02/17/2011 | Reported from General Laws (16-Y 1-N) (see vote tally) |
02/21/2011 | Read second time |
02/22/2011 | Read third time |
02/22/2011 | Passed House (97-Y 0-N) |
02/22/2011 | VOTE: PASSAGE (97-Y 0-N) (see vote tally) |
03/03/2011 | Enrolled |
03/03/2011 | Bill text as passed Senate and House (SB1315ER) |
03/03/2011 | Signed by Speaker |
03/06/2011 | Signed by President |
03/25/2011 | G Approved by Governor-Chapter 539 (effective 7/1/11) |
03/25/2011 | G Acts of Assembly Chapter text (CHAP0539) |
03/29/2011 | Impact statement from DPB (SB1315ER) |