# Virginia SB403: Power Transformer Manufacturing Grant Fund; created.

Virginia SB403, Power Transformer Manufacturing Grant Fund; created., is a 2026 Regular Session Senate bill sponsored by L. Louise Lucas (Democratic); status signed, last action 2026-04-13 (Acts of Assembly Chapter text (CHAP0821)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-SB403-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia SB403
- State: Virginia
- Session: 2026 Regular Session
- Title: Power Transformer Manufacturing Grant Fund; created.
- Status: signed
- Chamber: Senate
- Introduced: 2026-01-13
- Last action: 2026-04-13, Acts of Assembly Chapter text (CHAP0821)
- Sponsor: L. Louise Lucas (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 7 (206 yes, 4 no in all)
- Economic provisions PRIA read: 2

## Summary

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 HB 799.

## Bill overview: provisions PRIA read

- Grants for Halifax transformer manufacturer: mixed, medium. The law provides grants to a qualified company that makes power transformers in Halifax County. To qualify, from July 1, 2025 to June 30, 2035, it must invest at least $457,157,000 and create and maintain 825 new full‑time jobs. A new full‑time job is at the facility, pays at least $73,830 with sta…
- Grant application and payment rules: mixed, low. To receive a grant payment, the company must file by October 1 each year proof of total new full‑time jobs as of the prior fiscal year end and the capital invested in that year. Postmark counts; missing the deadline defers that installment. The Secretary must certify the amount due within 60 days o…

## Sponsors and cosponsors

- Sponsor: L. Louise Lucas (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-25 | House | Passed House | pass | 92 | 4 |   |
| 2026-02-20 | House | Reported from Appropriations | pass | 22 | 0 |   |
| 2026-01-30 | Senate | Read third time and passed Senate Block Vote | pass | 38 | 0 |   |
| 2026-01-29 | Senate | Engrossed by Senate Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-01-28 | Senate | Constitutional reading dispensed Block Vote (on 1st reading) | pass | 40 | 0 |   |
| 2026-01-28 | Senate | Passed by for the day Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-01-27 | Senate | Reported from Finance and Appropriations | pass | 14 | 0 |   |

## Actions (29)

- 2026-04-13: Acts of Assembly Chapter text (CHAP0821) (Governor)
- 2026-04-13: Approved by Governor-Chapter 821 (effective 7/1/2026) (Governor)
- 2026-03-10: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor)
- 2026-03-10: Enrolled Bill communicated to Governor on March 10, 2026 (Senate)
- 2026-02-27: Fiscal Impact Statement from Department of Planning and Budget (SB403) (Senate)
- 2026-02-27: Bill text as passed Senate and House (SB403ER) (Senate)
- 2026-02-27: Enrolled (Senate)
- 2026-02-27: Signed by President (Senate)
- 2026-02-27: Signed by Speaker (House)
- 2026-02-25: Passed House (92-Y 4-N 0-A) (House)
- 2026-02-25: Read third time (House)
- 2026-02-25: Moved from Uncontested Calendar to Regular Calendar (House)
- 2026-02-24: Read second time (House)
- 2026-02-20: Reported from Appropriations (22-Y 0-N) (House)
- 2026-02-18: Assigned HAPP sub: Commerce Agriculture & Natural Resources (House)
- 2026-02-04: Referred to Committee on Appropriations (House)
- 2026-02-04: Read first time (House)
- 2026-02-04: Placed on Calendar (House)
- 2026-01-30: Read third time and passed Senate Block Vote (38-Y 0-N 0-A) (Senate)
- 2026-01-29: Engrossed by Senate Block Vote (Voice Vote) (Senate)
- 2026-01-29: Read second time (Senate)
- 2026-01-28: Passed by for the day Block Vote (Voice Vote) (Senate)
- 2026-01-28: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) (Senate)
- 2026-01-28: Passed by for the day (Senate)
- 2026-01-28: Rules suspended (Senate)
- 2026-01-27: Reported from Finance and Appropriations (14-Y 0-N) (Senate)
- 2026-01-23: Fiscal Impact Statement from Department of Planning and Budget (SB403) (Senate)
- 2026-01-13: Referred to Committee on Finance and Appropriations (Senate)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26102902D (Senate)

## Bill text

- Chaptered, 2026-04-13: [HTML](https://lis.blob.core.windows.net/files/1222780.HTML), [PDF](https://lis.blob.core.windows.net/files/1222779.PDF)
- Enrolled, 2026-02-27: [HTML](https://lis.blob.core.windows.net/files/1181638.HTML), [PDF](https://lis.blob.core.windows.net/files/1181637.PDF)
- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1089926.HTML), [PDF](https://lis.blob.core.windows.net/files/1089925.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1222780.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1222779.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1181638.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1181637.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1089926.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1089925.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-SB403-2026 (as of 2026-10-12).