Investment in research and technology; changes to CRCF, adding federal research facility. (SB1038)

Introduced By

Sen. Emmett Hanger (R-Mount Solon) with support from co-patron Sen. Lynwood Lewis (D-Accomac)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Investment in research and technology. Makes changes to the Commonwealth Research Commercialization Fund (CRCF), including adding a federal research facility located in the Commonwealth to the list of entities eligible to apply for a grant, and clarifies that the length of time that a business has been incorporated does not affect an entity's eligibility for an award. The bill requires that the Secretary of Technology approve the guidelines developed by the Innovation and Entrepreneurship Investment Authority (IEIA) for the administration of the CRCF. The bill also transfers the authority to appoint members to the Research and Technology Investment Advisory Committee from the IEIA to the Governor and streamlines membership criteria. Amends § 2.2-2220.1, § 2.2-2221, § 2.2-2233.1, § 2.2-225, of the Code of Virginia. Read the Bill »


Bill Has Passed


01/12/2015Prefiled and ordered printed; offered 01/14/15 15101144D
01/12/2015Referred to Committee on General Laws and Technology
02/02/2015Impact statement from DPB (SB1038)
02/02/2015Reported from General Laws and Technology with amendments (15-Y 0-N) (see vote tally)
02/04/2015Constitutional reading dispensed (37-Y 0-N) (see vote tally)
02/04/2015Impact statement from DPB (SB1038)
02/05/2015Floor substitute printed 15104759D-S1 (Hanger)
02/05/2015Read second time
02/05/2015Reading of amendments waived
02/05/2015Committee amendments rejected
02/05/2015Reading of substitute waived
02/05/2015Substitute by Senator Hanger agreed to 15104759D-S1
02/05/2015Engrossed by Senate - floor substitute SB1038S1
02/05/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/05/2015Passed Senate (37-Y 0-N) (see vote tally)
02/09/2015Placed on Calendar
02/09/2015Read first time
02/09/2015Referred to Committee on Science and Technology
02/10/2015Impact statement from DPB (SB1038S1)
02/16/2015Reported from Science and Technology (18-Y 4-N) (see vote tally)
02/16/2015Referred to Committee on Appropriations
02/18/2015Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources
02/20/2015Subcommittee recommends reporting (7-Y 0-N)
02/23/2015Reported from Appropriations (18-Y 4-N) (see vote tally)
02/24/2015Read second time
02/25/2015Read third time
02/25/2015Passed House (93-Y 4-N)
02/25/2015VOTE: PASSAGE (93-Y 4-N) (see vote tally)
03/06/2015Bill text as passed Senate and House (SB1038ER)
03/06/2015Impact statement from DPB (SB1038ER)
03/06/2015Signed by Speaker
03/07/2015Signed by President
03/10/2015Enrolled Bill Communicated to Governor on 3/10/15
03/10/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 490 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0490)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.