VEDP; grants and other economic incentive programs administered. (HB804)

Introduced By

Del. Glenn Davis (R-Virginia Beach)

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 VEDP; 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 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
01/09/2018Committee
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102188D
01/09/2018Referred to Committee on Appropriations
01/19/2018Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
01/22/2018Impact statement from DPB (HB804)
02/07/2018Subcommittee recommends passing by indefinitely (9-Y 0-N)
02/13/2018Left in Appropriations