HB 2347 Commonwealth's Development Opportunity Fund; limitation on use of moneys from the Fund.
Kathy J. Byron | all patrons    ...    notes
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Summary as passed House: (all summaries)

Commonwealth's Development Opportunity Fund; limitation on use of moneys from the Fund. Provides that unless an exception has been granted by the Secretary of Commerce and Trade, moneys in the Commonwealth's Development Opportunity Fund shall not be used for any economic development project involving a business that relocates or expands its operations in one or more Virginia localities while simultaneously closing its operations or substantially reducing the number of its employees in another Virginia locality. Under current law, this limitation on the use of the Fund is stated as a general policy rather than as a requirement. The bill also requires the Secretary of Commerce and Trade to provide written notice to the Chairmen of the Senate Finance and House Appropriations Committees at least 48 hours prior to the final approval of the grant or loan. Currently, the notice must be provided promptly, and a time frame is not specified.

Full text:
01/14/17  House: Presented and ordered printed 17100090D  pdf | impact statement
01/30/17  House: Committee substitute printed 17104721D-H1  pdf | impact statement
02/20/17  House: Bill text as passed House and Senate (HB2347ER)  pdf | impact statement
03/20/17  Governor: Acts of Assembly Chapter text (CHAP0663)  pdf

Status:
01/14/17  House: Presented and ordered printed 17100090D
01/14/17  House: Referred to Committee on Appropriations
01/17/17  House: Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology
01/25/17  House: Subcommittee recommends reporting with substitute (7-Y 0-N)
01/30/17  House: Reported from Appropriations with substitute (22-Y 0-N)
01/30/17  House: Committee substitute printed 17104721D-H1
02/01/17  House: Read first time
02/02/17  House: Read second time
02/02/17  House: Committee substitute agreed to 17104721D-H1
02/02/17  House: Engrossed by House - committee substitute HB2347H1
02/03/17  House: Read third time and passed House BLOCK VOTE (95-Y 0-N)
02/03/17  House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
02/06/17  Senate: Constitutional reading dispensed
02/06/17  Senate: Referred to Committee on Finance
02/14/17  Senate: Reported from Finance (16-Y 0-N)
02/15/17  Senate: Constitutional reading dispensed (40-Y 0-N)
02/16/17  Senate: Read third time
02/16/17  Senate: Passed Senate (39-Y 0-N)
02/16/17  Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N)
02/16/17  Senate: Passed Senate (40-Y 0-N)
02/20/17  House: Enrolled
02/20/17  House: Bill text as passed House and Senate (HB2347ER)
02/20/17  House: Signed by Speaker
02/21/17  Senate: Signed by President
02/21/17  House: Enrolled Bill communicated to Governor on 2/21/17
02/21/17  Governor: Governor's Action Deadline Midnight, March 27, 2017
03/20/17  Governor: Approved by Governor-Chapter 663 (effective 7/1/17)
03/20/17  Governor: Acts of Assembly Chapter text (CHAP0663)