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. Read the Bill »

Status

01/14/2019: Awaiting a Vote in the Appropriations Committee

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

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