Va.Beach arena; if Va. Beach issues bonds for a facility, it shall create an Arena Financing Fund. (SB571)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Beach arena. Provides that the City of Virginia Beach may use its Arena Financing Fund to collect sales and use tax revenues and remit such revenues to the private facility owner as a contribution toward the cost of the facility if the City has contributed infrastructure or real property to the owner. The bill also makes technical amendments to the existing sunset provisions. Read the Bill »


Bill Has Passed


01/09/2014Presented and ordered printed 14103604D
01/09/2014Referred to Committee on Local Government
01/21/2014Impact statement from TAX (SB571)
01/21/2014Reported from Local Government with substitute (14-Y 0-N)
01/21/2014Committee substitute printed 14104277D-S1
01/21/2014Rereferred to Finance
01/24/2014Impact statement from TAX (SB571S1)
01/29/2014Reported from Finance with substitute (15-Y 0-N) (see vote tally)
01/29/2014Committee substitute printed 14104446D-S2
01/30/2014Constitutional reading dispensed (40-Y 0-N)
01/31/2014Read second time
01/31/2014Reading of substitute waived
01/31/2014Committee substitute rejected 14104277D-S1
01/31/2014Committee substitute agreed to 14104446D-S2
01/31/2014Engrossed by Senate - committee substitute SB571S2
02/03/2014Read third time and passed Senate (40-Y 0-N)
02/07/2014Placed on Calendar
02/07/2014Read first time
02/07/2014Referred to Committee on Counties, Cities and Towns
02/07/2014Impact statement from TAX (SB571S2)
02/11/2014Assigned CC & T sub: Subcommittee #1
02/11/2014Assigned CC & T sub: Subcommittee #2
02/21/2014Reported from Counties, Cities and Towns with substitute (21-Y 1-N) (see vote tally)
02/21/2014Committee substitute printed 14105212D-H1
02/24/2014Read second time
02/25/2014Read third time
02/25/2014Committee substitute agreed to 14105212D-H1
02/25/2014Engrossed by House - committee substitute SB571H1
02/25/2014Passed House with substitute (86-Y 10-N 1-A)
02/25/2014VOTE: PASSAGE (86-Y 10-N 1-A) (see vote tally)
02/25/2014Reconsideration of House passage agreed to by House
02/25/2014Passed House with substitute (84-Y 12-N 1-A)
02/25/2014VOTE: PASSAGE #2 (84-Y 12-N 1-A) (see vote tally)
02/27/2014House substitute agreed to by Senate (40-Y 0-N)
02/27/2014Title replaced 14105212D-H1
03/03/2014Bill text as passed Senate and House (SB571ER)
03/03/2014Signed by Speaker
03/06/2014Signed by President
03/13/2014Impact statement from TAX (SB571ER)
04/06/2014G Approved by Governor-Chapter 742 (effective 7/1/14)
04/06/2014G Acts of Assembly Chapter text (CHAP0742)


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 40 seconds.

Duplicate Bills

The following bills are identical to this one: HB734.


Gregg J writes:

Will Virginia Beach residents share in arena/sports team profits? If not, public money shouldn't be used to fund private interests.

Gregg J writes:

Will Virginia Beach residents share in the arena/sports team profits? If not, public money shouldn't be used to fund private interests. This is nothing but corporate welfare and a bad idea. Think this is a good idea? Ask any city that built an arena only to have the sports team leave several years later because public money handouts dried up.