VA SB179 | 2016 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 29 2016 - 100% progression
Action: 2016-03-29 - Governor: Acts of Assembly Chapter text (CHAP0520)
Text: Latest bill text (Chaptered) [HTML]

Summary

Small Business Investment Grant Fund; administration; qualifications. Changes the administration of the Small Business Investment Grant Fund from the Department of Small Business and Supplier Diversity to the Virginia Small Business Financing Authority. The bill also changes the eligibility of businesses to receive a grant from the fund by (i) removing the requirement that a business be certified as a small business by the Department, (ii) limiting the total grant allocation from the Fund to $250,000 per eligible investor, and (iii) extending the period during which an eligible investor can make a qualified investment in a small business from January 1, 2015, to January 1, 2019.

Tracking Information

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Title

Small Business Investment Grant Fund; administration, qualifications.

Sponsors


Roll Calls

2016-03-03 - House - House: VOTE: PASSAGE (95-Y 2-N 1-A) (Y: 98 N: 2 NV: 2 Abs: 1) [PASS]
2016-02-29 - House - House: Reported from Appropriations (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2016-02-29 - House - House: Subcommittee recommends reporting (7-Y 0-N) (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-23 - House - House: Reported from General Laws (22-Y 0-N) (Y: 23 N: 0 NV: 0 Abs: 0) [PASS]
2016-02-18 - House - House: Subcommittee recommends reporting (6-Y 0-N) (Y: 6 N: 0 NV: 1 Abs: 0) [PASS]
2016-01-25 - Senate - Senate: Read third time and passed Senate (34-Y 5-N) (Y: 34 N: 5 NV: 1 Abs: 0) [PASS]
2016-01-20 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2016-01-18 - Senate - Senate: Reported from General Laws and Technology (11-Y 1-N 3-A) (Y: 11 N: 1 NV: 0 Abs: 3) [PASS]

History

DateChamberAction
2016-03-29 Governor: Acts of Assembly Chapter text (CHAP0520)
2016-03-29 Governor: Approved by Governor-Chapter 520 (effective 7/1/16)
2016-03-08 Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
2016-03-08SenateEnrolled Bill Communicated to Governor on 3/8/2016
2016-03-07SenateSigned by President
2016-03-04HouseSigned by Speaker
2016-03-04SenateBill text as passed Senate and House (SB179ER)
2016-03-04SenateEnrolled
2016-03-03HouseVOTE: PASSAGE (95-Y 2-N 1-A)
2016-03-03HousePassed House (95-Y 2-N 1-A)
2016-03-03HouseRead third time
2016-03-02HouseRead second time
2016-02-29HouseReported from Appropriations (21-Y 0-N)
2016-02-29HouseSubcommittee recommends reporting (7-Y 0-N)
2016-02-24HouseAssigned App. sub: Commerce, Agriculture, Natural Resources and Technology
2016-02-23HouseReferred to Committee on Appropriations
2016-02-23HouseReported from General Laws (22-Y 0-N)
2016-02-18HouseSubcommittee recommends reporting (6-Y 0-N)
2016-02-17HouseAssigned GL sub: Subcommittee #2
2016-02-03HouseReferred to Committee on General Laws
2016-02-03HouseRead first time
2016-02-03HousePlaced on Calendar
2016-01-25SenateRead third time and passed Senate (34-Y 5-N)
2016-01-21SenateRead second time and engrossed
2016-01-20SenateConstitutional reading dispensed (39-Y 0-N)
2016-01-18SenateReported from General Laws and Technology (11-Y 1-N 3-A)
2016-01-04SenateReferred to Committee on General Laws and Technology
2016-01-04SenatePrefiled and ordered printed; offered 01/13/16 16100998D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
221605(n/a)See Bill Text
221616(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+sum+SB179
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB179+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+SB179ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?161+ful+CHAP0520+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+S12V0016+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0035SB0179+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+SV0066SB0179+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H1102V0052+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H11V0205+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H0203V0013+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+H02V0127+SB0179
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?161+vot+HV1145+SB0179

Bill Comments

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