SB 1463 Virginia Tobacco Region Revolving Fund; revises definition of project.
Frank M. Ruff, Jr. | all patrons    ...    notes
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Summary as enacted with Governor's Recommendation: (all summaries)

Virginia Tobacco Region Revolving Fund; definition of project. Defines "equity" under the Virginia Tobacco Region Revolving Fund to mean any contribution to a project other than debt financing, including a federal, state, or local grant, except that the grant shall not be a Virginia Tobacco Region Revitalization Commission grant. The bill includes in the definition of "project" any other proposal recommended for evaluation and disbursement by the Commission and credit approved by the Virginia Resources Authority, subject to such conditions and policies as agreed to by the Commission and the Authority. Projects other than those defined in § 62.1-199 shall be eligible to borrow from the Fund only in the event that other funding for the project equal to 25 percent of the total cost of the project is available through equity.

Full text:
01/16/17  Senate: Presented and ordered printed 17103393D  pdf | impact statement
02/13/17  Senate: Bill text as passed Senate and House (SB1463ER)  pdf | impact statement
02/21/17  Senate: Governor's substitute printed 17105701D-S1  pdf
02/24/17  Senate: Reenrolled bill text (SB1463ER2)  pdf
02/24/17  Governor: Acts of Assembly Chapter text (CHAP0254)  pdf

Amendments:
Governor's recommendation

Status:
01/16/17  Senate: Presented and ordered printed 17103393D
01/16/17  Senate: Referred to Committee on Finance
01/24/17  Senate: Reported from Finance (16-Y 0-N)
01/25/17  Senate: Constitutional reading dispensed (40-Y 0-N)
01/26/17  Senate: Read second time and engrossed
01/27/17  Senate: Read third time and passed Senate (39-Y 0-N)
01/31/17  House: Placed on Calendar
01/31/17  House: Read first time
01/31/17  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
02/08/17  House: Reported from Agriculture, Chesapeake and Natural Resources (22-Y 0-N)
02/09/17  House: Read second time
02/10/17  House: Read third time
02/10/17  House: Passed House BLOCK VOTE (95-Y 0-N)
02/10/17  House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
02/13/17  Senate: Enrolled
02/13/17  Senate: Bill text as passed Senate and House (SB1463ER)
02/13/17  Senate: Signed by President
02/13/17  House: Signed by Speaker
02/14/17  Senate: Enrolled Bill Communicated to Governor on 2/14/17
02/14/17  Governor: Governor's Action Deadline Midnight, February 21, 2017
02/21/17  Senate: Governor's recommendation received by Senate
02/21/17  Senate: Governor's substitute printed 17105701D-S1
02/23/17  Senate: Senate concurred in Governor's recommendation (39-Y 0-N)
02/24/17  House: House concurred in Governor's recommendation (92-Y 0-N)
02/24/17  House: VOTE: ADOPTION (92-Y 0-N)
02/24/17  Governor: Governor's recommendation adopted
02/24/17  Senate: Reenrolled
02/24/17  Senate: Reenrolled bill text (SB1463ER2)
02/24/17  Senate: Signed by President as reenrolled
02/24/17  House: Signed by Speaker as reenrolled
02/24/17  House: Enacted, Chapter 254 (effective 7/1/17)
02/24/17  Governor: Acts of Assembly Chapter text (CHAP0254)