SB1156
Technology Development Grant Fund; created.
Summary
As Introduced. Technology Development Grant Fund created.
Creates the Technology Development Grant Fund to make grant payments to a qualified technology company that makes a capital investment of at least $64 million at a facility in Fairfax County and creates at least 1,500 new full-time jobs at the facility. A qualified technology company would be eligible for ... (More) an aggregate of $22.5 million in grants paid over four years if it meets performance parameters and complies with the terms of a memorandum of understanding agreed upon by the company, the Commonwealth, and the Virginia Economic Development Partnership Authority. (Less)-
Bill History
- 01/07/2021 - Senate: Prefiled and ordered printed; offered 01/13/21 21102102D
- 01/07/2021 - Senate: Referred to Committee on Finance and Appropriations
- 01/18/2021 - Senate: Impact statement from DPB (SB1156)
- 01/19/2021 - Senate: Reported from Finance and Appropriations (15-Y 0-N)
- 01/20/2021 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/21/2021 - Senate: Read second time and engrossed
- 01/22/2021 - Senate: Read third time and passed Senate (37-Y 0-N)
- 02/02/2021 - House: Placed on Calendar
- 02/02/2021 - House: Read first time
- 02/02/2021 - House: Referred to Committee on Appropriations
- 02/07/2021 - House: Continued to Special Session 1 in Appropriations
- 02/10/2021 - House: Reported from Appropriations (22-Y 0-N)
- 02/11/2021 - House: Read second time
- 02/12/2021 - House: Passed House (90-Y 10-N)
- 02/12/2021 - House: VOTE: Passage (90-Y 10-N)
- 02/17/2021 - Senate: Enrolled
- 02/17/2021 - Senate: Bill text as passed Senate and House (SB1156ER)
- 02/17/2021 - Senate: Signed by President
- 02/18/2021 - Senate: Impact statement from DPB (SB1156ER)
- 02/18/2021 - House: Signed by Speaker
- 02/22/2021 - Senate: Enrolled Bill Communicated to Governor on February 22, 2021
- 02/22/2021 - Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/18/2021 - Governor: Approved by Governor-Chapter 271 (effective 7/1/21)
- 03/18/2021 - Governor: Acts of Assembly Chapter text (CHAP0271)
