Virginia Senate Bill 1050 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2011 - 25% progression, died in chamber
Action: 2011-01-27 - Senate: Incorporated by Finance (SB1379-Stanley) (13-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

Governor's Development Opportunity fund; criteria for awarding grants or loans. Expands the options that a grant or loan may be awarded from the Governor's Development Opportunity Fund by including proposed project that involve (i) a minimum private investment of $50 million creating 50 jobs for which the average wage, excluding fringe benefits, is no less than the prevailing average wage, or (ii) a minimum private investment of $100 million creating 25 jobs for which the average wage, excluding fringe benefits, is no less than the prevailing average wage. The bill also provides that if a project represents an emerging technology deemed to be of benefit to the Commonwealth and creates a minimum of 25 jobs for which the average wage, excluding fringe benefits, is no less than one and one half times the prevailing average wage of the local community, a grant or loan may be awarded from the Fund. This bill was incorporated into

Governor's Development Opportunity Fund; criteria for grants or loans from Fund.

Sen. George Barker [D]

2011-01-27 - Senate - Senate: Incorporated by Finance (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2011-01-19 - Senate - Senate: Rereferred from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-01-27		Senate: Incorporated by Finance (SB1379-Stanley) (13-Y 0-N)
2011-01-19		Senate: Rereferred to Finance
2011-01-19		Senate: Rereferred from General Laws and Technology (14-Y 0-N)
2011-01-11		Senate: Referred to Committee on General Laws and Technology
2011-01-11		Senate: Prefiled and ordered printed; offered 01/12/11 11103844D

Chapter	Article	Section	Citation Type	Statute Text
2	2	115	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1050
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1050+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S12V0049+SB1050
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S05V0079+SB1050