Virginia Senate Bill 651 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 12 2008 - 100% progression
Action: 2008-03-18 - Governor: Acts of Assembly Chapter text (CHAP0630)

Economic development grants; aerospace engine manufacturing. Establishes three grant programs relating to aerospace engine manufacturing. Grants would be paid to manufacturers of aerospace engines who (i) make a capital investment of at least $500 million in real and personal property and (ii) create in excess of 540 jobs relating to aerospace engine manufacturing or activities ancillary or supportive of such manufacturing. Under this grant program, a maximum of $35 million in grants would be paid beginning in the 2013-2014 fiscal year and ending in the 2022-2023 fiscal year. A second grant program would provide training grants in the amount of $9,000 for each new job created by a manufacturer of aerospace engines or an affiliate thereof. Training grants would not exceed $5,778,000 in total. In addition, a supplemental training grant in the amount of $3 million would be paid to an aerospace engine manufacturer who has invested at least $153.9 million in real and personal property and has hired at least 176 new employees. A final grant program would provide up to $5 million in grants to an aerospace engine manufacturer who attracts certain suppliers to locate or expand operations in the Commonwealth. Under this grant program, in order for the aerospace engine manufacturer to be paid the full $5 million in grants, such suppliers would be required to create at least 300 jobs and make a capital investment of at least $50 million.

Aerospace Engine Manufacturing Performance Grant Program; created.

Sen. Frederick Quayle [R]

Date	Chamber	Action
2008-03-18		Governor: Acts of Assembly Chapter text (CHAP0630)
2008-03-12		Governor: Approved by Governor-Chapter 630 (effective 7/1/08)
2008-03-06		Senate: Signed by President
2008-03-05		House: Signed by Speaker
2008-03-04		Senate: Bill text as passed Senate and House (SB651ER)
2008-03-04		Senate: Enrolled
2008-03-03		House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
2008-03-03		House: Passed House BLOCK VOTE (100-Y 0-N)
2008-03-03		House: Read third time
2008-02-29		House: Read second time
2008-02-27		House: Reported from Appropriations (23-Y 0-N)
2008-02-19		House: Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox)
2008-02-14		House: Referred to Committee on Appropriations
2008-02-14		House: Read first time
2008-02-14		House: Placed on Calendar
2008-02-12		Senate: Communicated to House
2008-02-12		Senate: Passed Senate (40-Y 0-N)
2008-02-12		Senate: Constitutional reading dispensed (40-Y 0-N)
2008-02-12		Senate: Engrossed by Senate - committee substitute SB651S1
2008-02-12		Senate: Committee substitute agreed to 082946308-S1
2008-02-12		Senate: Reading of substitute waived
2008-02-12		Senate: Read second time
2008-02-11		Senate: Constitutional reading dispensed (37-Y 0-N)
2008-02-08		Senate: Committee substitute printed 082946308-S1
2008-02-07		Senate: Reported from Finance with substitute (16-Y 0-N)
2008-01-21		Senate: Rereferred to Finance
2008-01-21		Senate: Rereferred from Commerce and Labor (15-Y 0-N)
2008-01-09		Senate: Referred to Committee on Commerce and Labor
2008-01-09		Senate: Prefiled and ordered printed; offered 01/09/08 082878812

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB651