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

07/23/2021: Awaiting a Vote in the Appropriations Committee

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)