Governor's Development Opportunity Fund; contract between political subdivision and beneficiary. (SB1315)

Introduced By

Sen. Don McEachin (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/12/2011Prefiled and ordered printed; offered 01/12/11 11103002D
01/12/2011Referred to Committee on General Laws and Technology
01/19/2011Impact statement from DPB (SB1315)
01/19/2011Reported from General Laws and Technology (15-Y 0-N) (see vote tally)
01/21/2011Constitutional reading dispensed (35-Y 0-N) (see vote tally)
01/24/2011Read second time and engrossed
01/25/2011Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/07/2011Placed on Calendar
02/07/2011Read first time
02/07/2011Referred to Committee on General Laws
02/14/2011Assigned GL sub: #4 Professions/Occupations and Administrative Process
02/15/2011Subcommittee recommends reporting (5-Y 1-N)
02/17/2011Reported from General Laws (16-Y 1-N) (see vote tally)
02/21/2011Read second time
02/22/2011Read third time
02/22/2011Passed House (97-Y 0-N)
02/22/2011VOTE: PASSAGE (97-Y 0-N) (see vote tally)
03/03/2011Bill text as passed Senate and House (SB1315ER)
03/03/2011Signed by Speaker
03/06/2011Signed by President
03/25/2011G Approved by Governor-Chapter 539 (effective 7/1/11)
03/25/2011G Acts of Assembly Chapter text (CHAP0539)
03/29/2011Impact statement from DPB (SB1315ER)


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