VA SB787 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on January 31 2020 - 50% progression
Action: 2020-02-26 - Title replaced 20108317D-H1
Text: Latest bill text (Comm Sub) [HTML]

Summary

City of Norfolk; financing of an arena and facility. Grants the City of Norfolk certain powers relating to construction of an arena and facility. Among those powers is the authority to (i) issue bonds to construct the arena and facility, (ii) receive state sales and use tax revenue that is attributable to the arena and facility, and (iii) use such revenue to repay such bonds. The bill provides that the City of Norfolk's entitlement to state sales and use tax revenue will expire on the earliest of (i) the maturity date of any bonds it issues related to constructing the arena and facility, (ii) the expiration date of its contractual obligations related to the arena or facility, or (iii) July 1, 2060. The powers granted by the bill to the City of Norfolk are similar to those granted to the City of Virginia Beach with respect to a sports or entertainment project.

Tracking Information

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Title

Norfolk, City of; financing of an arena and facility.

Sponsors


Roll Calls

2020-02-26 - Senate - Senate: House substitute with amendment agreed to by Senate (38-Y 2-N) (Y: 37 N: 2 NV: 0 Abs: 0) [PASS]
2020-02-26 - House - House: VOTE: Passage (64-Y 34-N) (Y: 64 N: 33 NV: 2 Abs: 0) [PASS]
2020-02-21 - House - House: Reported from Appropriations with substitute (18-Y 4-N) (Y: 18 N: 4 NV: 0 Abs: 0) [PASS]
2020-02-03 - Senate - Senate: Read third time and passed Senate (37-Y 2-N) (Y: 36 N: 2 NV: 1 Abs: 0) [PASS]
2020-01-30 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 36 N: 0 NV: 3 Abs: 0) [PASS]
2020-01-29 - Senate - Senate: Reported from Finance and Appropriations (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-20 - Senate - Senate: Reported from Local Government with amendments (12-Y 1-N 2-A) (Y: 11 N: 1 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2020-02-26SenateTitle replaced 20108317D-H1
2020-02-26SenateHouse substitute with amendment agreed to by Senate (38-Y 2-N)
2020-02-26HouseVOTE: Passage (64-Y 34-N)
2020-02-26HousePassed House with substitute with amendment (64-Y 34-N)
2020-02-26HouseEngrossed by House - committee substitute with amendment SB787H1
2020-02-26HouseAmendment by Delegate Miyares agreed to
2020-02-26HouseCommittee substitute agreed to 20108317D-H1
2020-02-26HouseRead third time
2020-02-25HouseRead second time
2020-02-21HouseCommittee substitute printed 20108317D-H1
2020-02-21HouseReported from Appropriations with substitute (18-Y 4-N)
2020-02-21HouseReferred to Committee on Appropriations
2020-02-21HouseRead first time
2020-02-21HousePlaced on Calendar
2020-02-03SenateRead third time and passed Senate (37-Y 2-N)
2020-01-31SenatePrinted as engrossed 20103539D-E
2020-01-31SenateEngrossed by Senate as amended SB787E
2020-01-31SenateCommittee amendments agreed to
2020-01-31SenateReading of amendments waived
2020-01-31SenateRead second time
2020-01-30SenateConstitutional reading dispensed (37-Y 0-N)
2020-01-29SenateReported from Finance and Appropriations (16-Y 0-N)
2020-01-20SenateRereferred to Finance and Appropriations
2020-01-20SenateReported from Local Government with amendments (12-Y 1-N 2-A)
2020-01-08SenateReferred to Committee on Local Government
2020-01-08SenatePrefiled and ordered printed; offered 01/08/20 20103539D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1525935(n/a)See Bill Text
1525942(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB787
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB787+hil
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB787E+hil
Texthttp://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+SB787H1+hil
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S07V0027+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S05V0085+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0244SB0787+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0275SB0787+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H02V0390+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV1488+SB0787
Roll Callhttp://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV1108SB0787+SB0787

Bill Comments

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