HB2540
Lithium-ion Battery Separator Manufacturing Grant Fund; created, definitions.
Status:
Enacted
Latest Action:
March 19, 2025
Acts of Assembly Chapter text (CHAP0093)
Chief Patron:
Danny Marshall (R)
Session:
2025 Regular Session
Summary
As Passed House of Origin. Lithium-ion Battery Separator Manufacturing Grant Fund.
Establishes the Lithium-ion Battery Separator Manufacturing Grant Fund to, subject to appropriation, fund 20 annual grant award installments, in an aggregate amount not to exceed $60.597 million, to a qualified company that engages in the manufacture of lithium-ion battery separators and that executes a memorandum of understanding with the Commonwealth ... (More) and the Virginia Economic Development Partnership Authority, and that on and after July 1, 2024, but before July 1, 2045, is expected to (i) make a capital investment, defined in the bill, of at least $1.3506 billion and (ii) create and maintain at least 2,015 new full-time jobs in Pittsylvania County. This bill is identical to SB 1207. (Less)-
Bill History
- 01/09/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25104335D
- 01/09/2025 - House: Referred to Committee on Appropriations
- 01/16/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2540)
- 01/18/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 01/21/2025 - House: Placed on Appropriations Agenda
- 01/22/2025 - House: Subcommittee recommends reporting with amendment(s) (8-Y 0-N)
- 01/23/2025 - House: Placed on Appropriations Agenda
- 01/24/2025 - House: Reported from Appropriations with amendment(s) (22-Y 0-N)
- 01/28/2025 - House: Read first time
- 01/29/2025 - House: Moved from Uncontested Calendar to Regular Calendar
- 01/29/2025 - House: Read second time
- 01/29/2025 - House: Appropriations Amendment agreed to
- 01/29/2025 - House: Engrossed by House as amended
- 01/29/2025 - House: Printed as engrossed 25104335D-E
- 01/30/2025 - House: Read third time and passed House (90-Y 6-N)
- 01/30/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2540)
- 01/31/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 01/31/2025 - Senate: Referred to Committee on Finance and Appropriations
- 02/05/2025 - Senate: Reported from Finance and Appropriations (13-Y 0-N)
- 02/06/2025 - Senate: Rules suspended
- 02/06/2025 - Senate: Constitutional reading dispensed (on 2nd reading) (40-Y 0-N)
- 02/06/2025 - Senate: Passed by for the day
- 02/07/2025 - Senate: Read third time
- 02/07/2025 - Senate: Passed Senate (39-Y 0-N)
- 02/10/2025 - House: Enrolled
- 02/10/2025 - House: Bill text as passed House and Senate (HB2540ER)
- 02/10/2025 - House: Signed by Speaker
- 02/11/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2540)
- 02/13/2025 - Senate: Signed by President
- 02/18/2025 - House: Enrolled Bill communicated to Governor on February 18, 2025
- 02/18/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/19/2025 - Approved by Governor-Chapter 93 (Effective 07/01/25)
- 03/19/2025 - Acts of Assembly Chapter text (CHAP0093)
