Technology Development Grant Fund; created. (SB1156)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Technology Development Grant Fund created. Creates the Technology Development Grant Fund to make grant payments to a qualified technology company that makes a capital investment of at least $64 million at a facility in Fairfax County and creates at least 1,500 new full-time jobs at the facility. A qualified technology company would be eligible for an aggregate of $22.5 million in grants paid over four years if it meets performance parameters and complies with the terms of a memorandum of understanding agreed upon by the company, the Commonwealth, and the Virginia Economic Development Partnership Authority. Read the Bill »
Status
03/18/2021: signed by governor
History
| Date | Action |
|---|---|
| 01/07/2021 | Prefiled and ordered printed; offered 01/13/21 21102102D |
| 01/07/2021 | Referred to Committee on Finance and Appropriations |
| 01/18/2021 | Impact statement from DPB (SB1156) |
| 01/19/2021 | Reported from Finance and Appropriations (15-Y 0-N) (see vote tally) |
| 01/20/2021 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 01/21/2021 | Read second time and engrossed |
| 01/22/2021 | Read third time and passed Senate (37-Y 0-N) (see vote tally) |
| 02/02/2021 | Placed on Calendar |
| 02/02/2021 | Read first time |
| 02/02/2021 | Referred to Committee on Appropriations |
| 02/07/2021 | Continued to Special Session 1 in Appropriations |
| 02/10/2021 | Reported from Appropriations (22-Y 0-N) (see vote tally) |
| 02/11/2021 | Read second time |
| 02/12/2021 | Passed House (90-Y 10-N) |
| 02/12/2021 | VOTE: Passage (90-Y 10-N) (see vote tally) |
| 02/17/2021 | Enrolled |
| 02/17/2021 | Bill text as passed Senate and House (SB1156ER) |
| 02/17/2021 | Signed by President |
| 02/18/2021 | Impact statement from DPB (SB1156ER) |
| 02/18/2021 | Signed by Speaker |
| 02/22/2021 | Enrolled Bill Communicated to Governor on February 22, 2021 |
| 02/22/2021 | G Governor's Action Deadline 11:59 p.m., March 31, 2021 |
| 03/18/2021 | G Approved by Governor-Chapter 271 (effective 7/1/21) |
| 03/18/2021 | G Acts of Assembly Chapter text (CHAP0271) |