Virginia Senate Bill 1788 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in chamber
Action: 2019-02-18 - Stricken from Senate calendar (40-Y 0-N)
Text: Latest bill text (Introduced) [HTML]

City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority. City of Virginia Beach; sports or entertainment project. Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority.

Sports or entertainment project; City of Va. Beach granted certain powers relating to construction.

Sen. Thomas Norment [R]

2019-02-18 - Senate - Senate: Stricken from Senate calendar (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2019-02-15 - Senate - Senate: Reported from Finance (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-02-18	Senate	Stricken from Senate calendar (40-Y 0-N)
2019-02-18	Senate	Read first time
2019-02-15	Senate	Reported from Finance (14-Y 0-N 1-A)
2019-02-13	Senate	Referred to Committee on Finance
2019-02-13	Senate	Presented and ordered printed 19107042D
2019-02-13	Senate	Unanimous consent to introduce

Chapter	Article	Section	Citation Type	Statute Text
15	2	5928	(n/a)	See Bill Text
15	2	5934	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+SB1788
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+SB1788+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+S05V0364+SB1788
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?191+vot+SV0773SB1788+SB1788