Virginia Small Business Financing Authority; definition of eligible business. (HB1949)

Introduced By

Del. Ron Villanueva (R-Virginia Beach)

Progress

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

Description

Virginia Small Business Financing Authority; definition of eligible business.  Removes the requirement that an eligible business that is a 501(c)(3) be operating in Virginia and replaces it with a requirement that the 501(c)(3) business (i) has received $10 million or less in annual gross receipts under generally accepted accounting principles for each of its last three fiscal years or lesser time period if it has been in existence less than three years, (ii) has fewer than 250 employees, and (iii) has a net worth of $2 million or less. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2011Committee
01/11/2011Prefiled and ordered printed; offered 01/12/11 11102475D
01/11/2011Referred to Committee on General Laws
01/17/2011Assigned GL sub: #4 Professions/Occupations and Administrative Process
01/21/2011Impact statement from DPB (HB1949)
02/08/2011Left in General Laws