All Roll Calls
Yes: 209 • No: 4
Sponsored By: Luke E. Torian (Democratic)
Became Law
Power Transformer Manufacturing Grant Fund. Establishes the Power Transformer Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2035, in an amount not to exceed $4.6 million per fiscal year and in an aggregate amount not to exceed $29.4 million, to a qualified company that (i) engages in the manufacture of power transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $457,157,000 and create and maintain at least 825 new full-time jobs. This bill is identical to SB 403.
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3 provisions identified: 1 benefits, 0 costs, 2 mixed.
The law offers grants to a company that makes power transformers in Halifax County. To qualify between July 1, 2025 and before July 1, 2035, it plans at least $457,157,000 in capital investment and creates and keeps at least 825 new full-time jobs. Capital investment includes building construction and up-fit and buying or leasing machinery, tools, furniture, and other taxable property at the Halifax facility. A new full-time job is at the facility, pays at least $73,830 a year (higher if the MOU raises it), includes standard benefits, and averages 35 hours for 48 weeks or 1,680 hours a year. These jobs must be in addition to the company’s 1,178 Virginia full-time jobs as of July 1, 2025.
To get a yearly payment, the company must file by October 1 each year. The filing must show the number of new full-time jobs as of the end of the prior fiscal year and the capital investment made in that year. The postmark controls for mailed filings. Missing the deadline defers the payment. The Secretary may inspect records to check compliance, and company-marked records are treated as confidential and proprietary.
The state creates the Power Transformer Manufacturing Grant Fund. The Fund keeps interest and does not revert. Grants are available from the fiscal year starting July 1, 2026 through the one starting July 1, 2035, only if the General Assembly appropriates money and the company meets the MOU and law. Total grants are capped at $29.4 million, with no more than $4.6 million in any year, paid in up to 10 annual installments; any amounts not earned by the end of the 10-year payment period are forfeited. After an application, the Secretary has 60 days to certify the amount, and payment is made in the next fiscal year.
Luke E. Torian
Democratic • House
There are no cosponsors for this bill.
All Roll Calls
Yes: 209 • No: 4
Senate vote • 2/19/2026
Passed Senate Block Vote
Yes: 39 • No: 0
Senate vote • 2/18/2026
Constitutional reading dispensed Block Vote (on 2nd reading)
Yes: 38 • No: 0
Senate vote • 2/17/2026
Reported from Finance and Appropriations
Yes: 13 • No: 0
House vote • 2/5/2026
Read third time and passed House
Yes: 93 • No: 4
House vote • 1/30/2026
Reported from Appropriations
Yes: 21 • No: 0
House vote • 1/28/2026
Subcommittee recommends reporting
Yes: 5 • No: 0 • Other: 1
Acts of Assembly Chapter text (CHAP0803)
Approved by Governor-Chapter 803 (effective 7/1/2026)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Fiscal Impact Statement from Department of Planning and Budget (HB799)
Bill text as passed House and Senate (HB799ER)
Enrolled
Signed by President
Signed by Speaker
Passed Senate Block Vote (39-Y 0-N 0-A)
Read third time
Constitutional reading dispensed Block Vote (on 2nd reading) (38-Y 0-N 0-A)
Rules suspended
Passed by for the day
Read second time
Reported from Finance and Appropriations (13-Y 0-N)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (93-Y 4-N 0-A)
Read second time and engrossed
Moved from Uncontested Calendar to Regular Calendar
Read first time
Reported from Appropriations (21-Y 0-N)
Subcommittee recommends reporting (5-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (HB799)
Chaptered
4/13/2026
Enrolled
2/23/2026
Introduced
1/13/2026
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