Virginia Senate Bill 1320 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 5-0)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0640)
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.

Sen. Jennifer McClellan [D]	Sen. Dave Marsden [D]	Sen. Jennifer Boysko [D]	Sen. Creigh Deeds [D]
Sen. Barbara Favola [D]

2023-02-16 - House - House: VOTE: Passage (95-Y 2-N) (Y: 95 N: 2 NV: 0 Abs: 3) [PASS]
2023-02-13 - House - House: Reported from Appropriations (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-02 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-02 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-01 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-31 - Senate - Senate: Reported from Finance and Appropriations with substitute (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2023-01-18 - Senate - Senate: Reported from General Laws and Technology (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-26		Governor: Acts of Assembly Chapter text (CHAP0640)
2023-03-26		Governor: Approved by Governor-Chapter 640 (effective 7/1/23)
2023-03-02		Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-03-02	Senate	Enrolled Bill Communicated to Governor on March 2, 2023
2023-02-24	Senate	Signed by President
2023-02-21	House	Signed by Speaker
2023-02-21	Senate	Bill text as passed Senate and House (SB1320ER)
2023-02-21	Senate	Enrolled
2023-02-16	House	VOTE: Passage (95-Y 2-N)
2023-02-16	House	Passed House (95-Y 2-N)
2023-02-16	House	Read third time
2023-02-15	House	Read second time
2023-02-13	House	Reported from Appropriations (21-Y 0-N)
2023-02-10	House	Assigned App. sub: Commerce Agriculture & Natural Resources
2023-02-10	House	Referred to Committee on Appropriations
2023-02-10	House	Read first time
2023-02-10	House	Placed on Calendar
2023-02-02	Senate	Passed Senate (40-Y 0-N)
2023-02-02	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-02-02	Senate	Engrossed by Senate - committee substitute SB1320S1
2023-02-02	Senate	Committee substitute agreed to 23105924D-S1
2023-02-02	Senate	Reading of substitute waived
2023-02-02	Senate	Read second time
2023-02-01	Senate	Constitutional reading dispensed (40-Y 0-N)
2023-01-31	Senate	Committee substitute printed 23105924D-S1
2023-01-31	Senate	Reported from Finance and Appropriations with substitute (14-Y 0-N)
2023-01-18	Senate	Rereferred to Finance and Appropriations
2023-01-18	Senate	Reported from General Laws and Technology (14-Y 0-N)
2023-01-10	Senate	Referred to Committee on General Laws and Technology
2023-01-10	Senate	Prefiled and ordered printed; offered 01/11/23 23101527D

HB1411 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0639)
HB1411 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0639)

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1320
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320S1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0640+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/23105924D.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1320F122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1320FS1122+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1320FER122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S12V0052+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S05V0142+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0193SB1320+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0209SB1320+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0210SB1320+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H02V0179+SB1320
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1877+SB1320