VirginiaSB12082025 Regular SessionSenate

Current and Mature Semiconductor Technology Grant Fund; established.

Sponsored By: L. Louise Lucas (Democratic)

To Governor

Summary

Current and Mature Semiconductor Technology Grant Fund. Establishes the Current and Mature Semiconductor Technology Grant Fund to, subject to appropriation, fund 15 annual grant award installments, in an aggregate amount not to exceed $60 million, to a qualified company that engages in the manufacture of semiconductors and that executes a memorandum of understanding with the Commonwealth and, on and after July 1, 2024, but before June 30, 2040, is expected to (i) make a capital investment, defined in the bill, of at least $2,170,130,850 and (ii) create and maintain at least 340 new full-time jobs, in an eligible locality, defined in the bill. The bill also authorizes bonus grants of up to $10 million that a qualified company may earn for certain new full-time job creation and maintenance. The bill also repeals the existing Semiconductor Manufacturing Grant Fund and is identical to HB 2358.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • L. Louise Lucas

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 254 • No: 10

House vote • 2/13/2025

Passed House

Yes: 88 • No: 9

House vote • 2/10/2025

Reported from Appropriations

Yes: 22 • No: 0

Senate vote • 1/30/2025

Constitutional reading dispensed Block Vote (on 3rd reading)

Yes: 39 • No: 1

Senate vote • 1/30/2025

Passed Senate Block Vote

Yes: 40 • No: 0

Senate vote • 1/29/2025

Constitutional reading dispensed Block Vote (on 1st reading)

Yes: 38 • No: 0

Senate vote • 1/28/2025

Reported from Finance and Appropriations

Yes: 15 • No: 0

Senate vote • 1/20/2025

Rereferred from Commerce and Labor and Rereferred to Finance and Appropriations to Finance and Appropriations

Yes: 12 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0045)

    3/18/2025Governor
  2. Approved by Governor-Chapter 45 (Effective 07/01/25)

    3/18/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    3/3/2025Governor
  4. Enrolled Bill Communicated to Governor on March 3, 2025

    3/3/2025Senate
  5. Signed by President

    2/20/2025Senate
  6. Fiscal Impact Statement from Department of Planning and Budget (SB1208)

    2/18/2025Senate
  7. Bill text as passed Senate and House (SB1208ER)

    2/18/2025Senate
  8. Enrolled

    2/18/2025Senate
  9. Signed by Speaker

    2/18/2025House
  10. Passed House (88-Y 9-N)

    2/13/2025House
  11. Read third time

    2/13/2025House
  12. Moved from Uncontested Calendar to Regular Calendar

    2/13/2025House
  13. Read second time

    2/12/2025House
  14. Reported from Appropriations (22-Y 0-N)

    2/10/2025House
  15. Assigned Approps sub: Commerce Agriculture & Natural Resources

    2/6/2025House
  16. Read first time

    2/4/2025House
  17. Referred to Committee on Appropriations

    2/4/2025House
  18. Placed on Calendar

    2/4/2025House
  19. Passed Senate Block Vote (40-Y 0-N)

    1/30/2025Senate
  20. Constitutional reading dispensed Block Vote (on 3rd reading) (39-Y 1-N)

    1/30/2025Senate
  21. Rules suspended

    1/30/2025Senate
  22. Read second time and engrossed

    1/30/2025Senate
  23. Constitutional reading dispensed Block Vote (on 1st reading) (38-Y 0-N)

    1/29/2025Senate
  24. Passed by for the day

    1/29/2025Senate
  25. Rules suspended

    1/29/2025Senate

Bill Text

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