HB 306 Governor's Development Opportunity Fund; created.
R. Creigh Deeds | all patrons    ...    notes
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Summary:
Governor's Development Opportunity Fund. Repeals the existing "Economic Development Contingency Fund" and the "Governor's Development Closing Fund" in Title 2.1 and replaces them with the new "Governor's Development Opportunity Fund." The new Fund combines characteristics of the statutory funds and the "Governor's Opportunity Fund" found in the general appropriation act, and provides a few new requirements. Most notably, the bill requires the Governor, with the assistance of the Department of Economic Development, to develop objective guidelines and criteria for the use of the Fund, to make periodic reports to the chairmen of the money committees, and to not commit funds beyond the fiscal year in which they are appropriated, except under certain circumstances. The bill is a recommendation of the Blue Ridge Economic Development Commission.

Full text:
01/11/96  House: Presented & ordered printed 964135202  pdf
02/08/96  House: Committee substitute printed 964448202-H1  pdf
03/18/96  House: Bill text as passed House and Senate (HB306ER)  pdf
04/18/96  Governor: Acts of Assembly Chapter text (CHAP0859)  pdf

Status:
01/11/96  House: Presented & ordered printed 964135202
01/11/96  House: Referred to Committee on General Laws
01/15/96  House: Assigned to General Laws sub-committee: 2
02/08/96  House: Reported from General Laws with sub. (22-Y 0-N)
02/08/96  House: Committee substitute printed 964448202-H1
02/09/96  House: Read first time
02/10/96  House: Read second time
02/10/96  House: Committee substitute agreed to 964448202-H1
02/10/96  House: Engrossed by House - com. sub. 964448202-H1
02/12/96  House: Read third time and passed House (Block Vote) (100-Y 0-N)
02/12/96  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
02/12/96  House: Communicated to Senate
02/13/96  Senate: Read first time
02/13/96  Senate: Referred to Committee on General Laws
02/28/96  Senate: Reported from General Laws (15-Y 0-N)
02/29/96  Senate: Constitutional reading dispensed (39-Y 0-N)
02/29/96  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
03/01/96  Senate: Read third time
03/01/96  Senate: Passed Senate (40-Y 0-N)
03/01/96  Senate: VOTE: PASSAGE (40-Y 0-N)
03/18/96  House: Bill text as passed House and Senate (HB306ER)
03/25/96  House: Enrolled
03/25/96  House: Signed by Speaker
03/26/96  Senate: Signed by President
04/09/96  Governor: Approved by Governor-Chapter 859 (effective 7/1/96)
04/18/96  Governor: Acts of Assembly Chapter text (CHAP0859)