Virginia Resources Authority; short-term loans. (HB947)

Introduced By

Del. Keith Hodges (R-Urbanna)

Progress

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

Description

Virginia Resources Authority; short-term loans. Authorizes the Virginia Resources Authority to establish a revolving loan fund to make short-term loans to planning district commissions, with interest not to exceed one percent. Under the bill, the loans provide short-term cash flow to planning district commissions that receive state or federal grants that require the expenditure of funds prior to being reimbursed by grant funds. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/12/2022Committee
01/12/2022Prefiled and ordered printed; offered 01/12/22 22101713D
01/12/2022Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/27/2022Impact statement from DPB (HB947)
02/04/2022Assigned ACNR sub: Chesapeake
02/07/2022House subcommittee amendments and substitutes offered
02/07/2022Subcommittee recommends reporting with substitute (10-Y 0-N)
02/07/2022Subcommittee recommends referring to Committee on Appropriations
02/09/2022Reported from Agriculture, Chesapeake and Natural Resources with substitute (21-Y 0-N) (see vote tally)
02/09/2022Committee substitute printed 22105653D-H1
02/09/2022Referred to Committee on Appropriations
02/09/2022Assigned App. sub: Commerce Agriculture & Natural Resources
02/11/2022Impact statement from DPB (HB947H1)
02/11/2022Tabled in Appropriations (18-Y 0-N) (see vote tally)

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