VA SB458 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Engrossed on January 31 2020 - 50% progression, died in committee
Action: 2020-03-03 - Left in Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Microloans for Veterans Program and Fund; creation and administration. Creates the Microloans for Veterans Program and Fund to be administered by the Virginia Small Business Financing Authority (the Authority). The bill directs the Virginia Community College System, working with the Authority and other state agencies, to develop a curriculum to provide education and mentorship to veterans. The Authority is authorized to issue loans of up to $10,000 to veterans who agree to participate in such curriculum and meet other requirements (tier 1 loans). The Authority is authorized to issue loans of up to $50,000 to veterans who have completed the requirements associated with a tier 1 loan and agree to meet advanced education and mentorship requirements (tier 2 loans). The provisions of the bill are contingent on funding in a general appropriation act.

Tracking Information

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Title

Microloans for Veterans Program and Fund; created.

Sponsors


Roll Calls

2020-02-20 - House - House: Reported from General Laws with amendments (20-Y 1-N) (Y: 20 N: 1 NV: 1 Abs: 0) [PASS]
2020-02-18 - House - House: Subcommittee recommends reporting with amendments (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-03 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-30 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 3 Abs: 0) [PASS]
2020-01-29 - Senate - Senate: Reported from Finance and Appropriations with substitute (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2020-03-03HouseLeft in Appropriations
2020-02-20HouseReferred to Committee on Appropriations
2020-02-20HouseReported from General Laws with amendments (20-Y 1-N)
2020-02-18HouseSubcommittee recommends referring to Committee on Appropriations
2020-02-18HouseSubcommittee recommends reporting with amendments (8-Y 0-N)
2020-02-14HouseAssigned GL sub: Open Government/Procurement
2020-02-13HouseReferred to Committee on General Laws
2020-02-13HouseRead first time
2020-02-13HousePlaced on Calendar
2020-02-03SenateRead third time and passed Senate (40-Y 0-N)
2020-01-31SenateEngrossed by Senate - committee substitute SB458S1
2020-01-31SenateCommittee substitute agreed to 20106335D-S1
2020-01-31SenateReading of substitute waived
2020-01-31SenateRead second time
2020-01-30SenateConstitutional reading dispensed (37-Y 0-N)
2020-01-29SenateCommittee substitute printed 20106335D-S1
2020-01-29SenateReported from Finance and Appropriations with substitute (16-Y 0-N)
2020-01-08SenateMoved from Finance to Finance and Appropriations due to a change of the committee name
2020-01-07SenateReferred to Committee on Finance and Appropriations
2020-01-07SenatePrefiled and ordered printed; offered 01/08/20 20102175D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
221605(n/a)See Bill Text
222311.2(n/a)See Bill Text

Virginia State Sources


Bill Comments

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