Financial Services Expansion Grant Fund; established. (HB468)

Introduced By

Del. Joe McNamara (R-Roanoke)

Progress

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

Description

Financial Services Expansion Grant Fund. Creates the Financial Services Expansion Grant Fund to make grant payments to an eligible financial services company that makes a capital investment of at least $87 million at a facility in Roanoke County and creates at least 1,100 new full-time jobs at the facility. The eligible financial services company would be eligible for an aggregate of $15 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to SB 156. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2024Committee
01/08/2024Prefiled and ordered printed; offered 01/10/24 24102878D
01/08/2024Referred to Committee on Finance
01/17/2024Referred from Finance
01/17/2024Referred to Committee on Appropriations
01/18/2024Assigned App. sub: Commerce Agriculture & Natural Resources
01/19/2024Impact statement from DPB (HB468)
01/24/2024Subcommittee recommends reporting (8-Y 0-N)
01/29/2024Reported from Appropriations (21-Y 0-N) (see vote tally)
01/31/2024Read first time
02/01/2024Read second time and engrossed
02/02/2024Read third time and passed House BLOCK VOTE (92-Y 0-N)
02/02/2024VOTE: Block Vote Passage (92-Y 0-N) (see vote tally)
02/05/2024Constitutional reading dispensed
02/05/2024Referred to Committee on Finance and Appropriations
02/21/2024Reported from Finance and Appropriations (14-Y 0-N) (see vote tally)
02/22/2024Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/23/2024Read third time
02/23/2024Passed Senate (39-Y 0-N) (see vote tally)
02/28/2024Enrolled
02/28/2024Bill text as passed House and Senate (HB468ER)
02/28/2024Impact statement from DPB (HB468ER)
02/28/2024Signed by Speaker
03/02/2024Signed 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 Approved by Governor-Chapter 91 (effective 7/1/24)
03/14/2024G Acts of Assembly Chapter text (CHAP0091)

Map

This bill mentions Roanoke County.

Duplicate Bills

The following bills are identical to this one: SB156.

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