Commonwealth of Virginia Innovation Partnership Authority; amends membership of board of directors. (HB1178)

Introduced By

Del. Mark Sickles (D-Alexandria)

Progress

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

Description

Commonwealth of Virginia Innovation Partnership Authority; board of directors; membership. Amends the membership of the board of directors of the Commonwealth of Virginia Innovation Partnership Authority by adding four nonlegislative citizen members to increase the total membership to 15 members and removing the position currently held by a director of a technology transfer office or equivalent position from a major research public institution of higher education. The bill (i) provides the Speaker of the House of Delegates the power to appoint four nonlegislative citizen members to the board of directors, (ii) provides the Senate Committee on Rules the power to appoint four nonlegislative citizen members to the board of directors, and (iii) removes such appointment power from the Joint Rules Committee. Finally, the bill prohibits any member of the board from investing personal funds in venture capital activities or grants, loans, or investment programs supported or administered by the Authority. Read the Bill »

Notes

According to the fiscal impact statement, it is anticipated that the Virginia Innovation Partnership Authority can implement the provisions of this bill within current resources. Therefore, there is no specific cost estimate provided in the statement for the implementation of this legislation.

Summary generated automatically by OpenAI.

Outcome

Bill Has Failed

History

DateAction
01/10/2024Committee
01/10/2024Prefiled and ordered printed; offered 01/10/24 24100522D
01/10/2024Referred to Committee on General Laws
01/26/2024Assigned GL sub: Professions/Occupations and Administrative Process
01/31/2024Impact statement from DPB (HB1178)
02/01/2024House subcommittee amendments and substitutes offered
02/01/2024Subcommittee recommends reporting with substitute (3-Y 2-N)
02/06/2024Reported from General Laws with substitute (10-Y 9-N) (see vote tally)
02/06/2024Committee substitute printed 24106267D-H1
02/08/2024Impact statement from DPB (HB1178H1)
02/08/2024Read first time
02/09/2024Read second time
02/09/2024Committee substitute agreed to 24106267D-H1
02/09/2024Engrossed by House - committee substitute HB1178H1
02/12/2024Read third time and passed House (50-Y 49-N)
02/12/2024VOTE: Passage (50-Y 49-N) (see vote tally)
02/13/2024Constitutional reading dispensed
02/13/2024Referred to Committee on General Laws and Technology
02/21/2024Reported from General Laws and Technology (9-Y 6-N) (see vote tally)
02/23/2024Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/26/2024Read third time
02/26/2024Passed Senate (24-Y 16-N) (see vote tally)
02/26/2024Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/26/2024Passed by for the day
02/27/2024Read third time
02/27/2024Floor substitute printed 24108357D-S1 (Ebbin)
02/27/2024Reading of substitute waived
02/27/2024Substitute by Senator Ebbin agreed to 24108357D-S1
02/27/2024Engrossed by Senate - floor substitute HB1178S1
02/27/2024Passed Senate with substitute (24-Y 15-N) (see vote tally)
02/29/2024Senate substitute agreed to by House 24108357D-S1 (51-Y 49-N)
02/29/2024VOTE: Adoption (51-Y 49-N) (see vote tally)
03/01/2024Impact statement from DPB (HB1178S1)
03/06/2024Enrolled
03/06/2024Bill text as passed House and Senate (HB1178ER)
03/06/2024Impact statement from DPB (HB1178ER)
03/06/2024Signed by Speaker
03/07/2024Signed by President
03/11/2024Enrolled Bill communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
03/14/2024G Vetoed by Governor
04/17/2024House sustained Governor's veto

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