VirginiaSB12312025 Regular SessionSenate

Virginia Investment Performance Grants; awarding of Grants.

Sponsored By: Lashrecse D. Aird (Democratic)

Failed

Summary

Virginia Investment Performance Grants. Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate and poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage. Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. This bill is identical to HB 2179.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lashrecse D. Aird

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 425 • No: 54

House vote • 2/22/2025

Conference report agreed to by House

Yes: 92 • No: 3

Senate vote • 2/21/2025

Conference report agreed to by Senate

Yes: 40 • No: 0

Senate vote • 2/19/2025

Senate acceded to request

Yes: 40 • No: 0

Senate vote • 2/17/2025

House substitute rejected by Senate

Yes: 0 • No: 38

House vote • 2/13/2025

Passed House with substitute

Yes: 84 • No: 12

House vote • 2/10/2025

Reported from Appropriations with substitute

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 with substitute

Yes: 15 • No: 0

Senate vote • 1/22/2025

Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations

Yes: 15 • No: 0

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0178)

    3/19/2025Governor
  2. Approved by Governor-Chapter 178 (Effective 07/01/25)

    3/19/2025Governor
  3. Fiscal Impact Statement from Department of Planning and Budget (SB1231)

    3/12/2025Senate
  4. Governor's Action Deadline 11:59 p.m., March 24, 2025

    3/11/2025Governor
  5. Enrolled Bill Communicated to Governor on March 11, 2025

    3/11/2025Senate
  6. Signed by President

    3/10/2025Senate
  7. Bill text as passed Senate and House (SB1231ER)

    3/7/2025Senate
  8. Enrolled

    3/7/2025Senate
  9. Signed by Speaker

    3/7/2025House
  10. Conference report agreed to by House (92-Y 3-N)

    2/22/2025House
  11. Conference report agreed to by Senate (40-Y 0-N)

    2/21/2025Senate
  12. Amended by conference committee

    2/20/2025
  13. Delegates: Clark, Sickles, Wiley

    2/20/2025House
  14. Conferees appointed by House

    2/20/2025House
  15. Senate acceded to request (40-Y 0-N)

    2/19/2025Senate
  16. Senators: Aird, VanValkenburg, Pillion

    2/19/2025Senate
  17. Conferees appointed by Senate

    2/19/2025Senate
  18. House requested conference committee

    2/18/2025House
  19. House insisted on substitute

    2/18/2025House
  20. House substitute rejected by Senate (0-Y 38-N)

    2/17/2025Senate
  21. Passed House with substitute (84-Y 12-N)

    2/13/2025House
  22. Engrossed by House - committee substitute

    2/13/2025House
  23. Appropriations Substitute agreed to

    2/13/2025House
  24. Read third time

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

    2/13/2025House

Bill Text

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