Sports or entertainment project; City of Va. Beach granted certain powers relating to construction. (SB1790)

Introduced By

Sen. Frank Wagner (R-Virginia Beach) with support from co-patrons Sen. John Cosgrove (R-Chesapeake), and Sen. Bill DeSteph (R-Virginia Beach)

Progress

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

Description

City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
02/18/2019Unanimous consent to introduce
02/18/2019Presented and ordered printed 19107333D
02/18/2019Referred to Committee on Commerce and Labor
02/18/2019Reported from Commerce and Labor (13-Y 0-N) (see vote tally)
02/19/2019Read first time
02/19/2019Engrossed by Senate
02/19/2019Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/19/2019Passed Senate (33-Y 7-N) (see vote tally)
02/20/2019Placed on Calendar
02/20/2019Read first time
02/20/2019Referred to Committee on Finance
02/20/2019Impact statement from TAX (SB1790)
02/20/2019Reported from Finance (17-Y 4-N) (see vote tally)
02/22/2019Read third time
02/22/2019Passed House (71-Y 27-N)
02/22/2019VOTE: PASSAGE (71-Y 27-N) (see vote tally)
03/07/2019Enrolled
03/07/2019Bill text as passed Senate and House (SB1790ER)
03/07/2019Impact statement from TAX (SB1790ER)
03/07/2019Signed by Speaker
03/09/2019Signed by President
03/11/2019Enrolled Bill Communicated to Governor on March 11, 2019
03/11/2019G Governor's Action Deadline Midnight, March 26, 2019
03/21/2019G Approved by Governor-Chapter 793 (effective 7/1/19)
03/22/2019G Approved by Governor-Chapter 793 (effective 7/1/19)
03/22/2019G Acts of Assembly Chapter text (CHAP0793)