Virginia Collaborative Economic Development Act; established, sunset provision. (HB846)

Introduced By

Del. Tim Hugo (R-Centreville) with support from co-patrons Del. Matthew James (D-Portsmouth), and Del. Randy Minchew (R-Leesburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Collaborative Economic Development Act. Creates the Virginia Collaborative Economic Development Performance Grant Fund. Two or more localities that collaborate and adopt a collaborative economic development plan will be eligible for grants from the fund over a period of six years if the collaboration results in the location or expansion of a company in the Commonwealth that (i) creates at least 200 new jobs with average salaries at least 25 percent higher than the average wage and (ii) makes a capital investment of at least $25 million. The total amount of the grant applied for shall not exceed the total investment of the localities in executing the collaborative economic development plan, and each annual installment of the grant may not exceed 50 percent of the total annual amount of personal income tax withheld by the certified company from the newly created jobs. Of each annual installment of the grant, 85 percent will be distributed to the participating localities in accordance with the terms of the collaborative economic development plan, and 15 percent will be retained by the Virginia Economic Development Partnership to be used to enhance regional and statewide economic development marketing and promotion. Read the Bill »

Status

04/20/2016: Passed the General Assembly

History

DateAction
01/12/2016Committee
01/12/2016Prefiled and ordered printed; offered 01/13/16 16102377D
01/12/2016Referred to Committee on Appropriations
01/15/2016Assigned to sub: Subcommittee Agriculture, Commerce, Technology and Natural Resources
01/15/2016Assigned App. sub: Subcommittee Agriculture, Commerce, Technology and Natural Resources
01/15/2016Assigned App. sub:
01/29/2016Impact statement from DPB (HB846)
02/03/2016Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
02/03/2016Reported from Appropriations with substitute (20-Y 0-N) (see vote tally)
02/03/2016Committee substitute printed 16105102D-H1
02/05/2016Read first time
02/08/2016Read second time
02/08/2016Committee substitute agreed to 16105102D-H1
02/08/2016Engrossed by House - committee substitute HB846H1
02/09/2016Read third time and passed House (93-Y 5-N 1-A)
02/09/2016VOTE: PASSAGE (93-Y 5-N 1-A) (see vote tally)
02/10/2016Constitutional reading dispensed
02/10/2016Referred to Committee on Finance
02/16/2016Impact statement from DPB (HB846H1)
03/07/2016Reported from Finance with substitute (12-Y 0-N) (see vote tally)
03/07/2016Committee substitute printed 16106211D-S1
03/08/2016Read second time
03/08/2016Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/08/2016Reading of substitute waived
03/08/2016Committee substitute agreed to 16106211D-S1
03/08/2016Engrossed by Senate - committee substitute HB846S1
03/08/2016Passed Senate with substitute (36-Y 2-N) (see vote tally)
03/09/2016Placed on Calendar
03/09/2016Senate substitute rejected by House 16106211D-S1 (1-Y 98-N)
03/09/2016VOTE: REJECTED (1-Y 98-N) (see vote tally)
03/10/2016Senate insisted on substitute (40-Y 0-N) (see vote tally)
03/10/2016Senate requested conference committee
03/10/2016Conferees appointed by House
03/10/2016Delegates: Hugo, Jones, James
03/10/2016Conferees appointed by Senate
03/10/2016Senators: Ruff, Saslaw, Hanger
03/11/2016C Amended by conference committee
03/11/2016Conference substitute printed 16106374D-H2
03/11/2016Conference report agreed to by Senate (35-Y 1-N) (see vote tally)
03/11/2016Conference report agreed to by House (89-Y 8-N)
03/11/2016VOTE: ADOPTION (89-Y 8-N) (see vote tally)
03/25/2016Enrolled
03/25/2016Bill text as passed House and Senate (HB846ER)
03/25/2016Signed by Speaker
03/28/2016Signed by President
03/28/2016Enrolled Bill communicated to Governor on 3/28/16
03/28/2016G Governor's Action Deadline Midnight, Sunday, April 10, 2016
03/31/2016Impact statement from DPB (HB846ER)
04/08/2016Governor's recommendation received by House
04/08/2016Governor's substitute printed 16106481D-H3
04/20/2016Placed on Calendar
04/20/2016Floor substitute printed 16106507D-H4 (Hugo)
04/20/2016Motion that Governor recommendation is not specific and severable agreed to 98-Y 0-N)
04/20/2016VOTE: Not specific & severable (98-Y 0-N)
04/20/2016Constitutional readings dispensed (98-Y 0-N)
04/20/2016VOTE: AGREE TO (98-Y 0-N)
04/20/2016Substitute by Delegate Hugo agreed to 16106507D-H4
04/20/2016Reengrossed by House - floor substitute HB846H4
04/20/2016Passed House (87-Y 10-N)
04/20/2016VOTE: PASSAGE (87-Y 10-N)
04/20/2016Reconsideration of passage agreed to by House
04/20/2016Passed House (88-Y 9-N)
04/20/2016VOTE: PASSAGE #2 (88-Y 9-N)
04/20/2016Constitutional reading dispensed
04/20/2016Referred to Committee on Finance
04/20/2016Reported from Finance (15-Y 0-N)
04/20/2016Read second time
04/20/2016Constitutional reading dispensed (39-Y 0-N)
04/20/2016Passed Senate (34-Y 5-N)
04/20/2016Reenrolled
04/20/2016Reenrolled bill text (HB846ER2)
04/20/2016Signed by Speaker as reenrolled
04/20/2016Signed by President as reenrolled
04/20/2016Communicated to Governor

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 8 clips in all, totaling 9 minutes.

Transcript

This is a transcript of the video clips in which this bill is discussed.

ALL THOSE IN FAVOR OF THE MOTION WILL SAY AYE, THOSE OPPOSED NO. THE AYES HAVE IT. THE SUBSTITUTE IS AGREED TO. THE SENATOR FROM AUGUSTA. THANK YOU, MR. PRESIDENT. MEMBERS OF THE SENATE, I MOVE THAT THE BILL PASS AND SPEAKING FLAR FLOOR. TO THE BILL. THANK YOU, MR. PRESIDENT. JUST BRIEFLY, THERE IS A COMPANION BILL TO THE GO VIRGINIA INITIATIVE ANDZ NOW


Del. Tim Hugo (R-Centreville): I WOULD ASK THE SENATE AMENDMENTS CHANGE IT, PUTS A SOMEWHAT DRAMATIC CHANGE ON T I WOULD ASK WE REJECT THE SENATE SUBSTITUTE.

[Unknown]: SHALL THE SENATE SUBSTITUTE BE AGREED TO? THE CLERK WILL CLOSE THE ROLL.
WILL AWARD FUNDING 22 MORE LOCATE. ON MOST. WITHIN THE CONFERENCE REPORT, THE CONFERENCE REPORT ACCEDED TO THE HOUSE POSITION. THE TWO COMPROMISES WERE THE DEFINITION OF CERTIFIED COMPANY, 200 JOBS AND $25 MILLION INVESTMENT BUT ALLOWS THE BOARD TO MAKE A FINDING OF ECONOMIC SIGNIFICANT DISTRESS OR AN EXTRAORDINARY ECONOMIC OPPORTUNITY FOR LOCATE -- LOCALITIES, LIMITS THE AGGREGATE TO STATE GRANTS BUT ALLOWS THE BOARD AGAIN TO PROVIDE A WAIVER, TO PROVIDE A WRITTEN FINDING OF FISCAL DISTRESS OR ECONOMIC OPPORTUNITY. THIS IS AN OPPORTUNITY, AN EFFORT TO TRY TO HELP RURAL AREAS OR THOSE AREAS IN SIGNIFICANT ECONOMIC DISTRESS. RURAL. THE OTHER THING, TOO, ONE OF THY PROGRAMS, MY BILL AND OTHERS, WE PUT A SUNSET IN IT TO SEE IF THIS PROGRAM WORKS, AND THAT SUNSET WOULD SUNSET THE BILL IN 2026. I HOPE IT WILL BE THE WILL OF THE BODY TO PASS THE CONFERENCE REPORT.

Del. Bill Howell (R-Fredericksburg): Speaker: SHALL THE CONFERENCE
THE QUESTION IS, SHALL ALL CONSTITUTIONAL READINGS OF THE HOUSE BILL 846 BE DISPENSED? [ BELL ]

Del. Tim Hugo (R-Centreville): Speaker: THE CLERK WILL CLOSE THE ROLL.

[Unknown]: Clerk: AYES, 98, NOS ZERO.

Del. Bill Howell (R-Fredericksburg): Speaker: THE MOTION IS AGREED TO. THE GENTLEMAN FROM FAIRFAX, MR. HUGO.

Del. Tim Hugo (R-Centreville): MR. SPEAKER, I REQUEST THAT MY FLOOR SUBSTITUTE TO THE ENROLLED BILL HOUSE 846 BE REPORTED.

Del. Bill Howell (R-Fredericksburg): Speaker: THE QUESTION IS ON ADOPTION OF THE FLOOR SUBSTITUTE. AS MANY AS FAVOR THAT MOTION WILL SAY AYE; THOSE OPPOSED, NO. SUBSTITUTE IS AGREED TO. GENTLEMAN FROM FAIRFAX.

Del. Tim Hugo (R-Centreville): MR. SPEAKER, THIS SUBSTITUTE TO HOUSE 846 IS REFERENCED AS A BILL COMPROMISE, IT HAS BEEN WORKED OUT WITH THE GENTLEMAN FROM PORTSMOUTH, MR. JAMES, THE OTHER COPATRON, DELEGATE MINCHEW, THE GOVERNOR'S OFFICE, IN MANY WAYS IT'S A COMPANION BILL TO THE GENTLEMAN FROM COLONIAL HEIGHTS' BILL. THE REASON THAT THIS BILL ORIGINALLY HAD A NUMBER OF AMENDMENTS ON IT, I THINK IT WAS TIED UP INDEED WITH THE COMPANION BILL. THEY RESOLVED THE BILL ON DELEGATE COX'S BILL. THE GOVERNOR'S AGREED TO BASICALLY WITHDRAW ALMOST ALL THE AMENDMENTS THAT WERE ORIGINALLY PROPOSED. WHAT IS IN THE SUBSTITUTE IS INDEED JUST A FEW TECHNICAL CORRECTIONS, AND IF YOU LOOK AT LINE 126 OF THE SUBSTITUTE, WHAT IT DOES IS PUT AN ENACTMENT CLAUSE ON THERE FOR THE NEXT YEAR. THAT IS THE SUBSTANTIAL CHANGE. WITH THAT, MR. SPEAKER, I WOULD MOVE ADOPTION OF THE SUBSTITUTE.

Del. Matthew James (D-Portsmouth): Speaker: SHALL THE BILL PASS? [ BELL ]

Del. Bill Howell (R-Fredericksburg): Speaker: THE CLERK WILL CLOSE THE ROLL.

Del. Matthew James (D-Portsmouth): Clerk: AYES 87, NOS 10.

Del. Bill Howell (R-Fredericksburg): Speaker: THE GENTLEMAN FROM FAIRFAX WANT


[Unknown]: AYES 38, NOS 1, THE MOTION ACE GREED TO. THE QUESTION IS SHALL THE RULES BE SUSPENDED AND THE THIRD CONSTITUTIONAL READING BE DISPENSED WITH. ALL THOSE IN FAVOR RECORD THEIR VOTE AYE, OPPOSED NO. HAVE ALL THE SENATORS VOTED? DO ANY DESIRE TO CHANGE THEIR THE CLERK WILL CLOSE THE VOTE. VOTE. THE VOTE IS AGREED TO. THE SENATOR FROM JAMES CITY COUNTY. MR. PRESIDENT, I WOULD NOW ASK THAT THE SENATE BILL PASS AND SPEAKING BRIEFLY TO THE BILL, THIS IS THE COMPANION BILL OF THE GO VIRGINIA THAT WE HAVE ALREADY PASSED THE SENATE VERSION. THE QUESTION IS SHALL SENATE BILL 834 PASS. ALL IN FAVOR OF THE MOTION SHALL RECORD THEIR VOTE AYE, OPPOSED NO. DO ANY SENATORS DESIRE TO CHANGE THE CLERK WILL CLOSE THE ROLE. THEIR VOTES. AYES 34, NOS 5. THE BILL HAS PASSED. 836, AN ACT RELATING TO THE VIRGINIA COLLABORATIVE REDEVELOPMENT ACT. SENATOR FROM JAMES CITY, SENATOR NORMENT.