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)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Passed


01/08/2014Prefiled and ordered printed; offered 01/08/14 14101439D
01/08/2014Referred to Committee on General Laws
01/10/2014Assigned GL sub: Subcommittee #4
01/23/2014Impact statement from DPB (HB864)
01/30/2014Subcommittee recommends reporting (8-Y 0-N)
02/04/2014Reported from General Laws (22-Y 0-N) (see vote tally)
02/06/2014Read first time
02/07/2014Read second time and engrossed
02/10/2014Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/10/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/11/2014Constitutional reading dispensed
02/11/2014Referred to Committee on Local Government
02/25/2014Reported from Local Government (14-Y 0-N)
02/27/2014Constitutional reading dispensed (39-Y 0-N)
02/28/2014Read third time
02/28/2014Passed Senate (40-Y 0-N)
03/05/2014Bill text as passed House and Senate (HB864ER)
03/05/2014Impact statement from DPB (HB864ER)
03/05/2014Signed by Speaker
03/08/2014Signed by President
04/06/2014G Approved by Governor-Chapter 732 (effective 7/1/14)
04/06/2014G Acts of Assembly Chapter text (CHAP0732)