Virginia Small Business Financing Authority; definition of eligible business & business enterprise. (HB864)
Introduced By
Del. David Yancey (R-Newport News) with support from co-patron Del. David Ramadan (R-South Riding)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Small Business Financing Authority; definition of eligible business and business enterprise. Expands the definition of an eligible business under the Virginia Small Business Financing Authority to include any for-profit enterprise that exists for the primary purpose of developing or operating a qualified energy project or is required by state or federal law to develop or operate a qualified pollution control project. The definition of a business enterprise is expanded to include any entity acquiring, constructing, improving, maintaining, or operating a qualified energy project or a qualified pollution control project. A qualified energy project is a solar-powered or wind-powered electricity generation facility located in the Commonwealth on premises owned or leased by an eligible customer-generator if the electricity generated from it is sold exclusively to the eligible customer-generator under a power purchase agreement used to provide third party financing of the costs of such a renewable generation facility (third party power purchase agreement) pursuant to a pilot program established under Chapter 382 of the Acts of Assembly of 2013. A qualified pollution control project means environmental pollution control and prevention equipment certified by the nosiness enterprise or eligible business as being needed to comply with the federal Clean Air Act, Clean Water Act, or Resource Conservation and Recovery Act. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/08/2014 | Committee |
01/08/2014 | Prefiled and ordered printed; offered 01/08/14 14101439D |
01/08/2014 | Referred to Committee on General Laws |
01/10/2014 | Assigned GL sub: Subcommittee #4 |
01/23/2014 | Impact statement from DPB (HB864) |
01/30/2014 | Subcommittee recommends reporting (8-Y 0-N) |
02/04/2014 | Reported from General Laws (22-Y 0-N) (see vote tally) |
02/06/2014 | Read first time |
02/07/2014 | Read second time and engrossed |
02/10/2014 | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
02/10/2014 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
02/11/2014 | Constitutional reading dispensed |
02/11/2014 | Referred to Committee on Local Government |
02/25/2014 | Reported from Local Government (14-Y 0-N) |
02/27/2014 | Constitutional reading dispensed (39-Y 0-N) |
02/28/2014 | Read third time |
02/28/2014 | Passed Senate (40-Y 0-N) |
03/05/2014 | Enrolled |
03/05/2014 | Bill text as passed House and Senate (HB864ER) |
03/05/2014 | Impact statement from DPB (HB864ER) |
03/05/2014 | Signed by Speaker |
03/08/2014 | Signed by President |
04/06/2014 | G Approved by Governor-Chapter 732 (effective 7/1/14) |
04/06/2014 | G Acts of Assembly Chapter text (CHAP0732) |