Commonwealth of Virginia Innovation Partnership Authority; created. (SB576)

Introduced By

Progress

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

Description

Research and development in the Commonwealth. Creates the Commonwealth of Virginia Innovation Partnership Authority (the Authority) to oversee and support research, development, and commercialization, resulting in the creation of new jobs and company formation, as well as related investment and seed-stage funding, in the Commonwealth. Existing grant, loan, and investment funds currently administered by the Innovation and Entrepreneurship Investment Authority and the Virginia Research Investment Committee, repealed under the bill, would be consolidated under the Authority, and the Authority would be responsible for developing an Innovation Index for the Commonwealth. The bill contains technical amendments. Read the Bill »

Status

02/19/2020: Subcommittee Recommends Passing the Bill

History

Date	Action
01/07/2020	Prefiled and ordered printed; offered 01/08/20 20103653D
01/07/2020	Referred to Committee on Finance and Appropriations
01/23/2020	Impact statement from DPB (SB576)
02/04/2020	Reported from Finance and Appropriations with substitute (16-Y 0-N) (see vote tally)
02/04/2020	Committee substitute printed 20107606D-S1
02/05/2020	Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2020	Read second time
02/06/2020	Reading of substitute waived
02/06/2020	Committee substitute agreed to 20107606D-S1
02/06/2020	Engrossed by Senate - committee substitute SB576S1
02/06/2020	Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2020	Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/10/2020	Impact statement from DPB (SB576S1)
02/13/2020	Placed on Calendar
02/13/2020	Read first time
02/13/2020	Referred to Committee on Appropriations
02/13/2020	Assigned App. sub: Commerce Agriculture & Natural Resources
02/19/2020	House subcommittee amendments and substitutes offered
02/19/2020	Subcommittee recommends reporting with substitute (7-Y 0-N)