HB 2330 Tobacco Region Revitalization Commission; created, financial viability & feasibility.
Terry G. Kilgore | all patrons    ...    notes
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Summary as passed: (all summaries)

Tobacco Indemnification and Community Revitalization Commission; financial viability and feasibility study prior to disbursement; Virginia Tobacco Region Revolving Fund. Renames the Tobacco Indemnification and Community Revitalization Commission as the Tobacco Region Revitalization Commission (the Commission) and requires it to contract with a manager to oversee Commission loans, grants, and other distributions of money. The bill requires the manager to provide a written report on the financial viability and feasibility of any such distribution and prohibits the Commission from making the distribution until its viability and feasibility have received recommendations from the manager. The bill eliminates future appointments of three nonlegislative citizen members and requires 13 of the remaining 28 Commission members to have experience in particular fields. The bill requires the Commission to (i) adopt policies governing the Tobacco Region Opportunity Fund; (ii) require a dollar-for-dollar match from entities receiving grants; (iii) make no distribution to a tobacco-dependent community solely based on the historical production of tobacco; (iv) require each project to have an accountability matrix, provide a set of quantified outcome expectations and other figures, and demonstrate how it will address low employment levels or other indicators; (v) develop a strategic plan every two years; and (vi) establish a public database of awards. The bill also establishes the Virginia Tobacco Region Revolving Fund (the Fund), the assets of which are to be used to make loans to local governments for the financing of any project. The bill empowers the Virginia Resources Authority (the Authority) to administer the Fund, pledge assets of the Fund as security for bonds issued to finance a project, sell or collect on loans made from the Fund, and, in accordance with a memorandum of agreement with the Commission, establish the rates and terms of loans. The bill directs the Commission, in conjunction with the Authority, to make an annual report to the General Assembly and the Governor on all loans made from the Fund. This bill is identical to SB 1440.

Full text:
01/23/15  House: Presented and ordered printed 15103468D  pdf | impact statement
02/04/15  House: Committee substitute printed 15104658D-H1  pdf
02/06/15  House: Printed as engrossed 15104658D-EH1  pdf | impact statement
02/19/15  Senate: Committee substitute printed 15105155D-S1  pdf | impact statement
03/06/15  House: Bill text as passed House and Senate (HB2330ER)  pdf | impact statement
03/23/15  Governor: Acts of Assembly Chapter text (CHAP0399)  pdf

Amendments:
House amendments

Status:
01/23/15  House: Presented and ordered printed 15103468D
01/23/15  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/26/15  House: Assigned ACNRsub: Agriculture
02/02/15  House: Subcommittee recommends reporting with amendment(s) (5-Y 2-N)
02/04/15  House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (15-Y 7-N)
02/04/15  House: Committee substitute printed 15104658D-H1
02/05/15  House: Read first time
02/06/15  House: Read second time
02/06/15  House: Committee substitute agreed to 15104658D-H1
02/06/15  House: Amendments by Delegate Kilgore agreed to
02/06/15  House: Engrossed by House - committee substitute with amendments HB2330EH1
02/06/15  House: Printed as engrossed 15104658D-EH1
02/09/15  House: Read third time and passed House (93-Y 4-N)
02/09/15  House: VOTE: PASSAGE (93-Y 4-N)
02/10/15  Senate: Constitutional reading dispensed
02/10/15  Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
02/19/15  Senate: Reported from Agriculture, Conservation and Natural Resources with substitite (15-Y 0-N)
02/19/15  Senate: Committee substitute printed 15105155D-S1
02/23/15  Senate: Constitutional reading dispensed (40-Y 0-N)
02/24/15  Senate: Read third time
02/24/15  Senate: Reading of substitute waived
02/24/15  Senate: Committee substitute agreed to 15105155D-S1
02/24/15  Senate: Engrossed by Senate - committee substitute HB2330S1
02/24/15  Senate: Passed Senate with substitute (39-Y 0-N)
02/24/15  House: Placed on Calendar
02/25/15  House: Senate substitute agreed to by House 15105155D-S1 (95-Y 2-N)
02/25/15  House: VOTE: ADOPTION (95-Y 2-N)
03/06/15  House: Enrolled
03/06/15  House: Bill text as passed House and Senate (HB2330ER)
03/06/15  House: Signed by Speaker
03/07/15  Senate: Signed by President
03/10/15  House: Enrolled Bill communicated to Governor on 3/10/15
03/10/15  Governor: Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/15  Governor: Approved by Governor-Chapter 399 (effective 7/1/15)
03/23/15  Governor: Acts of Assembly Chapter text (CHAP0399)