Small Business Investment Grant Fund; recapture of awards. (HB2347)

Introduced By

Del. Charniele Herring (D-Alexandria)

Progress

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

Description

Small Business Investment Grant Fund; recapture of awards. Provides that if an eligible investor is awarded a grant from the Small Business Investment Grant Fund and the small business in which the investment was made (i) relocates outside of the Commonwealth within two years of the award of the grant or (ii) closes within two years of the award of the grant as a result of a criminal conviction on the part of any officer, director, manager, or general partner of such business relating to his involvement with the business, such investor shall forfeit the grant and refund such moneys to the Virginia Small Business Financing Authority. The bill also advances the starting date for an eligible investor to receive a grant from July 1, 2016, to July 1, 2019, and advances the end date for receiving such a grant from January 1, 2019, to January 1, 2022.

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19102988D
01/08/2019Referred to Committee on Appropriations
01/14/2019Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
01/16/2019House subcommittee amendments and substitutes offered
01/16/2019Subcommittee recommends reporting with amendments (8-Y 0-N)
01/21/2019Impact statement from DPB (HB2347)
01/21/2019House committee, floor amendments and substitutes offered
01/21/2019Reported from Appropriations with amendments (21-Y 0-N) (see vote tally)
01/23/2019Read first time
01/24/2019Read second time
01/24/2019Committee amendments agreed to
01/24/2019Engrossed by House as amended HB2347E
01/24/2019Printed as engrossed 19102988D-E
01/25/2019Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/25/2019VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
01/28/2019Constitutional reading dispensed
01/28/2019Referred to Committee on Finance
01/29/2019Impact statement from DPB (HB2347E)
02/05/2019Reported from Finance (13-Y 0-N) (see vote tally)
02/06/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/07/2019Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/07/2019Read third time
02/07/2019Passed Senate (40-Y 0-N) (see vote tally)
02/11/2019Enrolled
02/11/2019Bill text as passed House and Senate (HB2347ER)
02/11/2019Impact statement from DPB (HB2347ER)
02/11/2019Signed by Speaker
02/11/2019Signed by President
02/12/2019G Governor's Action Deadline Midnight, February 18, 2019
02/12/2019Enrolled Bill communicated to Governor on February 12, 2019
02/12/2019G Governor's Action Deadline Midnight, February 19, 2019
02/19/2019G Approved by Governor-Chapter 35 (effective 7/1/19)
02/19/2019G Acts of Assembly Chapter text (CHAP0035)

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