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. Amends § 2.2-115, § 2.2-2240.2, § 2.2-5103, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2017Committee
01/08/2017Prefiled and ordered printed; offered 01/11/17 17103000D
01/08/2017Referred to Committee on Appropriations
01/12/2017Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology
01/16/2017Impact statement from DPB (HB1752)
01/25/2017Subcommittee recommends laying on the table
02/08/2017Left in Appropriations