Virginia House Bill 1411 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0639)
Text: Latest bill text (Chaptered) [HTML]

Virginia Community Development Financial Institutions Fund and Program; report. Codifies the Virginia Community Development Financial Institutions Fund, originally created in the 2021 Appropriation Act, and establishes the Virginia Community Development Financial Institutions Program to carry out the purposes of the Fund. The Program shall provide grants and loans to community development financial institutions and other similar entities for the purpose of providing financing to small businesses, housing development and rehabilitation projects, and community revitalization real estate projects in the Commonwealth. The bill requires the Department of Housing and Community Development to oversee the Fund and Program and to (i) identify qualified recipients of funding; (ii) ensure that grants and loans promote housing and community development, capital access, housing access, and small business support; (iii) ensure that qualified recipients emphasize microfinancing, defined as financing to small businesses in amounts of $100,000 or less, in using program funds; and (iv) utilize Program funds to promote collaborative and cooperative projects with public and private sector partners. The bill requires the Department to submit an annual report on the use and impact of funding provided.

Virginia Community Development Financial Institutions Fund and Program; codifies Fund, etc.

Del. Daniel Marshall [R]

Del. David Reid [D]

Del. Kathleen Murphy [D]

2023-02-10 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-09 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-08 - Senate - Senate: Reported from Finance and Appropriations (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-24 - House - House: VOTE: (98-Y 2-N) (Y: 98 N: 2 NV: 0 Abs: 0) [PASS]
2023-01-18 - House - House: Reported from Appropriations with substitute (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-18 - House - House: Subcommittee recommends reporting with substitute (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-26		Governor: Acts of Assembly Chapter text (CHAP0639)
2023-03-26		Governor: Approved by Governor-Chapter 639 (effective 7/1/23)
2023-02-27		Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-02-27	House	Enrolled Bill communicated to Governor on February 27, 2023
2023-02-14	Senate	Signed by President
2023-02-14	House	Signed by Speaker
2023-02-14	House	Bill text as passed House and Senate (HB1411ER)
2023-02-14	House	Enrolled
2023-02-10	Senate	Passed Senate (39-Y 0-N)
2023-02-10	Senate	Read third time
2023-02-09	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-02-08	Senate	Reported from Finance and Appropriations (14-Y 0-N)
2023-01-25	Senate	Referred to Committee on Finance and Appropriations
2023-01-25	Senate	Constitutional reading dispensed
2023-01-24	House	VOTE: (98-Y 2-N)
2023-01-24	House	Read third time and passed House (98-Y 2-N)
2023-01-23	House	Engrossed by House - committee substitute HB1411H1
2023-01-23	House	Committee substitute agreed to 23104735D-H1
2023-01-23	House	Read second time
2023-01-20	House	Read first time
2023-01-18	House	Committee substitute printed 23104735D-H1
2023-01-18	House	Reported from Appropriations with substitute (22-Y 0-N)
2023-01-18	House	Subcommittee recommends reporting with substitute (8-Y 0-N)
2023-01-13	House	Assigned App. sub: Commerce Agriculture & Natural Resources
2022-12-06	House	Referred to Committee on Appropriations
2022-12-06	House	Prefiled and ordered printed; offered 01/11/23 23100609D

SB1320 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0640)
SB1320 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0640)

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+HB1411
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1411+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1411H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+HB1411ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0639+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23104735D.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1411FH1122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+HB1411FER122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H0201V0002+HB1411
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0002+HB1411
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1055+HB1411
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0319+HB1411
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0402HB1411+HB1411
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0414HB1411+HB1411