Virginia Business Ready Sites Acquisition Fund and Program; created. (HB1842)

Introduced By

Del. Barry Knight (R-Virginia Beach) with support from co-patron Del. Kim Taylor (R-Dinwiddie)

Progress

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

Description

Economic development; Virginia Business Ready Sites Acquisition Fund and Program. Creates the Virginia Business Ready Sites Acquisition Program for the purposes of (i) acquiring sites for the purpose of creating and maintaining a portfolio of project-ready sites to promote economic development in the Commonwealth, (ii) developing such sites to increase their marketability, and (iii) entering into development agreements with private employers for large-scale economic development projects. The Virginia Economic Development Partnership Authority shall administer the Program, in consultation with the Department of General Services. The bill requires Program activities to be reviewed by the MEI Project Approval Commission (the Commission), who shall review proposals for site acquisitions, site development activities, and development agreements with private employers and determine whether the proposals are consistent with the objective of the Program. If the Commission issues a negative finding, it shall communicate such finding to the Governor and to the General Assembly, and the Authority shall not implement the proposal unless the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/10/2023Committee
01/10/2023Prefiled and ordered printed; offered 01/11/23 23100999D
01/10/2023Referred to Committee on Appropriations
01/13/2023Assigned App. sub: Commerce Agriculture & Natural Resources
01/18/2023House committee, floor amendments and substitutes offered
01/18/2023Reported from Appropriations with substitute (22-Y 0-N) (see vote tally)
01/18/2023Committee substitute printed 23104746D-H1
01/20/2023Read first time
01/23/2023Read second time
01/23/2023Committee substitute agreed to 23104746D-H1
01/23/2023Engrossed by House - committee substitute HB1842H1
01/24/2023Read third time and passed House (97-Y 3-N)
01/24/2023VOTE: (97-Y 3-N) (see vote tally)
01/25/2023Constitutional reading dispensed
01/25/2023Referred to Committee on Finance and Appropriations
02/03/2023Impact statement from DPB (HB1842H1)
02/20/2023Senate committee, floor amendments and substitutes offered
02/20/2023Reported from Finance and Appropriations with substitute (15-Y 1-N) (see vote tally)
02/20/2023Committee substitute printed 23107245D-S1
02/21/2023Impact statement from DPB (HB1842S1)
02/21/2023Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/22/2023Read third time
02/22/2023Passed by for the day
02/23/2023Floor substitute printed 23107381D-S2 (Barker)
02/23/2023Read third time
02/23/2023Finance and Appropriations Committee substitute rejected 23107245D-S1
02/23/2023Reading of substitute waived
02/23/2023Substitute by Senator Barker agreed to 23107381D-S2
02/23/2023Engrossed by Senate - floor substitute HB1842S2
02/23/2023Passed Senate with substitute (38-Y 1-N) (see vote tally)
02/23/2023Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/23/2023Passed Senate with substitute (39-Y 1-N) (see vote tally)
02/23/2023Senate substitute agreed to by House 23107381D-S2 (89-Y 2-N)
02/23/2023VOTE: Adoption (89-Y 2-N) (see vote tally)
03/03/2023Impact statement from DPB (HB1842S2)
03/07/2023Enrolled
03/07/2023Bill text as passed House and Senate (HB1842ER)
03/07/2023Impact statement from DPB (HB1842ER)
03/08/2023Signed by Speaker
03/08/2023Signed by President
03/13/2023Enrolled Bill communicated to Governor on March 13, 2023
03/13/2023G Governor's Action Deadline 11:59 p.m., March 27, 2023
03/27/2023Governor's recommendation received by House
04/12/2023Placed on Calendar
04/12/2023House concurred in Governor's recommendation (91-Y 4-N)
04/12/2023VOTE: Adoption (91-Y 4-N) (see vote tally)
04/12/2023Senate concurred in Governor's recommendation (40-Y 0-N) (see vote tally)
04/12/2023G Governor's recommendation adopted
04/12/2023Reenrolled
04/12/2023Reenrolled bill text (HB1842ER2)
04/12/2023Signed by Speaker as reenrolled
04/12/2023Signed by President as reenrolled
04/12/2023G Approved by Governor-Chapter 779 (effective 7/1/23)
04/12/2023Enacted, Chapter 779 (effective 7/1/23)
04/12/2023G Acts of Assembly Chapter text (CHAP0779)

Comments

Bill Peabody writes:

INstead of this VA should have lowered the corp tax rate.
VA 6% vs. NC at 2.5% and heading to 0
Guess who's going to be #1 for biz again soon?