Virginia Football Stadium Authority; established, definitions, report. (SB727)

Introduced By

Sen. Dick Saslaw (D-Springfield)

Progress

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

Description

Virginia Football Stadium Authority. Establishes the Virginia Football Stadium Authority as a political subdivision charged with financing the construction of a football stadium and related facilities. The Authority is authorized to hire independent contractors, enter contracts, acquire property, borrow money, and exercise other similar powers. The Authority is exempt from the Personnel Act and the Public Procurement Act. The Authority may issue bonds with a maximum maturity date of 40 years. The bill entitles the Authority to sales tax revenues from transactions at the stadium but would exclude certain revenues that current law dedicates to transportation and education. The bill also entitles the Authority to corporate income tax revenues from football teams that use the stadium and personal income tax revenues from income generated by employment or the conduct of business at the stadium. The Authority receives all corporate income tax revenues but only 4.25 percent of personal income tax revenues. Remaining personal income tax revenues accrue to the general fund. The Authority is made up of nine members appointed by the Governor and subject to confirmation by the General Assembly. Four of the nine members are appointed from a list chosen by the football team that primarily will use the stadium. The bill enables localities to exercise their eminent domain power to acquire property and convey it to the Authority. It also authorizes localities to appropriate tax revenues to the Authority. Read the Bill »

Status

03/02/2022: Passed the House

History

DateAction
01/21/2022Presented and ordered printed 22104298D
01/21/2022Referred to Committee on Finance and Appropriations
02/08/2022Impact statement from DPB (SB727)
02/08/2022Senate subcommittee amendments and substitutes offered
02/10/2022Reported from Finance and Appropriations with substitute (14-Y 2-N) (see vote tally)
02/10/2022Committee substitute printed 22106150D-S1
02/11/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2022Passed by for the day
02/15/2022Read second time
02/15/2022Reading of substitute waived
02/15/2022Committee substitute agreed to 22106150D-S1
02/15/2022Reading of amendment waived
02/15/2022Amendment by Senator Newman agreed to
02/15/2022Engrossed by Senate - committee substitute with amendment SB727ES1
02/15/2022Printed as engrossed 22106150D-ES1
02/15/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/15/2022Passed Senate (33-Y 7-N) (see vote tally)
02/15/2022Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/15/2022Passed Senate (32-Y 8-N) (see vote tally)
02/18/2022Placed on Calendar
02/18/2022Read first time
02/18/2022Referred to Committee on Appropriations
02/23/2022Impact statement from DPB (SB727ES1)
02/25/2022House committee, floor amendments and substitutes offered
02/25/2022Reported from Appropriations with substitute (16-Y 6-N) (see vote tally)
02/25/2022Committee substitute printed 22106884D-H1
02/28/2022Read second time
03/01/2022Passed by for the day
03/02/2022Read third time
03/02/2022Committee substitute agreed to 22106884D-H1
03/02/2022Engrossed by House - committee substitute SB727H1
03/02/2022Passed House with substitute (54-Y 46-N)
03/02/2022VOTE: Passage (54-Y 46-N) (see vote tally)
03/02/2022House substitute rejected by Senate (0-Y 40-N) (see vote tally)
03/02/2022House insisted on substitute
03/02/2022House requested conference committee
03/02/2022Senate acceded to request (30-Y 10-N) (see vote tally)
03/02/2022Conferees appointed by Senate
03/02/2022Senators: Saslaw, Newman, Ebbin
03/02/2022Conferees appointed by House
03/02/2022Delegates: Knight, Marshall, Hayes
03/03/2022Impact statement from DPB (SB727H1)
03/12/2022Continued to 2022 Sp. Sess. pursuant to HJR 455
03/12/2022Continued to 2022 Sp. Sess. 1 pursuant to HJR455

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