SB1231
Virginia Investment Performance Grants; awarding of Grants.
Status:
Enacted
Latest Action:
March 19, 2025
Acts of Assembly Chapter text (CHAP0178)
Chief Patron:
Lashrecse Aird (D)
Session:
2025 Regular Session
Summary
As Passed House of Origin. Virginia Investment Performance Grants.
Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate and poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer ... (More) or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage. Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. This bill is identical to HB 2179. (Less)-
Bill History
- 01/08/2025 - Senate: Prefiled and ordered printed; Offered 01-08-2025 25100960D
- 01/08/2025 - Senate: Referred to Committee on General Laws and Technology
- 01/14/2025 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- 01/22/2025 - Senate: Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations (15-Y 0-N)
- 01/22/2025 - Senate: Rereferred to Finance and Appropriations
- 01/28/2025 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 01/28/2025 - Senate: Committee substitute printed 25106324D-S1
- 01/29/2025 - Senate: Rules suspended
- 01/29/2025 - Senate: Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
- 01/29/2025 - Senate: Passed by for the day
- 01/30/2025 - Senate: Read second time
- 01/30/2025 - Senate: General Laws and Technology Amendment rejected
- 01/30/2025 - Senate: Reading of substitute waived
- 01/30/2025 - Senate: General Laws and Technology Substitute agreed to
- 01/30/2025 - Senate: Engrossed by Senate - committee substitute
- 01/30/2025 - Senate: Rules suspended
- 01/30/2025 - Senate: Constitutional reading dispensed (on 3rd reading) (39-Y 1-N)
- 01/30/2025 - Senate: Passed Senate (40-Y 0-N)
- 02/05/2025 - House: Placed on Calendar
- 02/05/2025 - House: Read first time
- 02/05/2025 - House: Referred to Committee on Appropriations
- 02/06/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 02/07/2025 - House: Placed on Appropriations Agenda
- 02/10/2025 - House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/10/2025 - House: Committee substitute printed 25107018D-H1
- 02/11/2025 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- 02/12/2025 - House: Read second time
- 02/13/2025 - House: Moved from Uncontested Calendar to Regular Calendar
- 02/13/2025 - House: Read third time
- 02/13/2025 - House: Appropriations Substitute agreed to
- 02/13/2025 - House: Engrossed by House - committee substitute
- 02/13/2025 - House: Passed House with substitute (84-Y 12-N)
- 02/17/2025 - Senate: House substitute rejected by Senate (0-Y 38-N)
- 02/18/2025 - House: House insisted on substitute
- 02/18/2025 - House: House requested conference committee
- 02/19/2025 - Senate: Senate acceded to request (40-Y 0-N)
- 02/19/2025 - Senate: Conferees appointed by Senate
- 02/19/2025 - Senate: Senators: Aird, VanValkenburg, Pillion
- 02/20/2025 - House: Conferees appointed by House
- 02/20/2025 - House: Delegates: Clark, Sickles, Wiley
- 02/20/2025 - Amended by conference committee
- 02/21/2025 - Senate: Conference report agreed to by Senate (40-Y 0-N)
- 02/22/2025 - House: Conference report agreed to by House (92-Y 3-N)
- 03/07/2025 - Senate: Enrolled
- 03/07/2025 - Senate: Bill text as passed Senate and House (SB1231ER)
- 03/07/2025 - House: Signed by Speaker
- 03/10/2025 - Senate: Signed by President
- 03/11/2025 - Senate: Enrolled Bill Communicated to Governor on March 11, 2025
- 03/11/2025 - Governor's Action Deadline 11:59 p.m., March 24, 2025
- 03/12/2025 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- 03/19/2025 - Approved by Governor-Chapter 178 (Effective 07/01/25)
- 03/19/2025 - Acts of Assembly Chapter text (CHAP0178)
