Virginia Economic Development Partnership Authority (VEDP); grants and other economic incentives. (HB1752)
Introduced By
Del. Glenn Davis (R-Virginia Beach) with support from co-patron Del. Joseph Yost (R-Blacksburg)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Virginia Economic Development Partnership Authority (VEDP); grants and other economic incentive programs administered by the Virginia Economic Development Partnership Authority; waiver. Provides that notwithstanding any provision of law or applicable VEDP guidelines, a political subdivision or eligible business, as the case may be, may request a waiver that permits it to use no more than one-quarter of the grant or loan from any fund administered by VEDP for a purpose indirectly related to the economic development project for which the grant or loan was awarded. The bill provides that any request for a waiver shall be submitted to the VEDP or the Secretary of Commerce and Trade, as appropriate, for approval and provides that no such waiver shall be granted unless also approved by the Governor. The bill contains technical amendments. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/08/2017 | Committee |
| 01/08/2017 | Prefiled and ordered printed; offered 01/11/17 17103000D |
| 01/08/2017 | Referred to Committee on Appropriations |
| 01/12/2017 | Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology |
| 01/16/2017 | Impact statement from DPB (HB1752) |
| 01/25/2017 | Subcommittee recommends laying on the table |
| 02/08/2017 | Left in Appropriations |