Commonwealth's Development Opportunity Fund; criteria for awarding grants and loans. (HB1358)

Introduced By

Sen. Lashrecse D. Aird (D-Petersburg)

Progress

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

Description

Commonwealth's Development Opportunity Fund; criteria for awarding grants and loans. Changes the criteria for awarding funds from the Commonwealth's Development Opportunity Fund (the Fund) to include a fiscally stressed locality with an above average or high score as evidenced by the Commission on Local Government Fiscal Stress Index. The bill awards no less than one-third of the moneys appropriated to the Fund in every five-year period to counties and cities that apply for funding and are experiencing above average or high fiscal stress as evidenced by the Commission on Local Government Fiscal Stress Index. Currently, the law awards one-third of the moneys appropriated to the Fund in every five-year period based on unemployment rates of cities and counties. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2018Committee
01/11/2018Presented and ordered printed 18103462D
01/11/2018Referred to Committee on Appropriations
01/19/2018Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
02/01/2018Impact statement from DPB (HB1358)
02/07/2018Subcommittee recommends striking from docket (8-Y 0-N)
02/13/2018Left in Appropriations