HB 2750 Commonwealth Private Investment Inducement Act of 2003.
John A. Rollison;Resigned 9/14 | all patrons    ...    notes
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Summary as passed House: (all summaries)
Commonwealth Private Investment Inducement Act of 2003. Dedicates one-third of the annual insurance license tax revenue to transportation projects in highway construction districts based on the percentage of the population of the Commonwealth residing in each such district. The portion of such revenues that otherwise would be distributed to: (i) the Northern Virginia Construction District is instead deposited into the Northern Virginia Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects; (ii) the Hampton Roads Construction District is instead deposited into the Hampton Roads Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects in that area; (iii) the Bristol, Salem, and Staunton Construction District is instead deposited into the Western Virginia Investment Fund, created under the bill, and used to finance bonds in an amount not to exceed $350 million for specific transportation projects in that area. The amount of such bond proceeds utilized must be matched by equal or greater funds from private entities, localities, or both, unless certain conditions exist.

Full text:
01/17/03  House: Presented & ordered printed 032020916  pdf
01/30/03  House: Committee substitute printed 032035916-H1  pdf
02/01/03  House: Printed as engrossed 032035916-EH1  pdf | impact statement

Amendments:
House amendments

Status:
01/17/03  House: Presented & ordered printed 032020916
01/17/03  House: Referred to Committee on Transportation
01/21/03  House: Referred from Transportation (22-Y 0-N)
01/21/03  House: Referred to Committee on Appropriations
01/29/03  House: Reported from Appropriations with sub (25-Y 0-N)
01/30/03  House: Committee substitute printed 032035916-H1
01/31/03  House: Read first time
02/01/03  House: Read second time
02/01/03  House: Committee substitute agreed to 032035916-H1
02/01/03  House: Engrossed by House - committee substitute 032035916-H1
02/01/03  House: Engrossment reconsidered by House (51-Y 43-N)
02/01/03  House: VOTE: RECONSIDER (51-Y 43-N)
02/01/03  House: Amendments by Del. Joannou agreed to
02/01/03  House: Motion to pass by fl. amd. by Del. Armstrong agreed to
02/01/03  House: Motion to pass by fl. amd. by Del. Hamilton agreed to
02/01/03  House: Pending question ordered
02/01/03  House: Engrossed by House - com. sub. w/amds 032035916-EH1
02/01/03  House: Printed as engrossed 032035916-EH1
02/03/03  House: Read third time and passed House (88-Y 11-N 1-A)
02/03/03  House: VOTE: PASSAGE (88-Y 11-N 1-A)
02/03/03  House: Communicated to Senate
02/04/03  Senate: Constitutional reading dispensed
02/04/03  Senate: Referred to Committee on Finance
02/12/03  Senate: Failed to report (defeated) in Finance (6-Y 9-N)