VEDPA; reports by businesses receiving development subsidies. (HB1870)

Introduced By

Del. David Toscano (D-Charlottesville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Economic Development Partnership Authority; reports by businesses receiving development subsidies.  Requires any business entity that receives a development subsidy to file an annual report with the granting agency or the Authority no later than 60 days before the end of the fiscal year during which the development subsidy was received. The bill sets out the requirements for the annual report. The bill defines development subsidy as any expenditure of public funds with a value of at least $25,000 expended for the purposes of stimulating economic development and job creation in the Commonwealth, and including bonds, grants, loan guarantees, fee waivers, price subsidies, tax abatement, tax exemptions, or tax credits. Read the Bill »


Bill Has Failed


01/11/2011Prefiled and ordered printed; offered 01/12/11 11103626D
01/11/2011Referred to Committee on General Laws
01/17/2011Assigned GL sub: #4 Professions/Occupations and Administrative Process
01/25/2011Impact statement from DPB (HB1870)
01/25/2011Subcommittee recommends laying on the table
02/08/2011Left in General Laws