All Roll Calls
Yes: 169 • No: 2
Sponsored By: L. Louise Lucas (Democratic)
Became Law
Transformer Manufacturing Expansion Grant Fund. Establishes the Transformer Manufacturing Expansion Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2041, in an amount not to exceed $5.1 million per fiscal year and in an aggregate amount not to exceed $60 million, to a qualified company that (i) engages in the manufacture of electrical transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $301 million and create and maintain at least 1,185 new full-time jobs.
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A company qualifies only if it makes transformers, invests at least $301 million, and creates and keeps at least 1,185 new full‑time jobs. The investment window runs from July 1, 2025 to before July 1, 2040. The facility and investment must be in Henry County. A new full‑time job must be mainly at the facility, pay at least $73,908 with standard benefits, and be 1,680 hours a year or 35 hours a week for at least 48 weeks. Contractor, seasonal, and vendor jobs do not count, and new jobs must be above the company’s 806 Virginia jobs as of July 1, 2025.
The law creates a special grant fund for transformer manufacturing. Total grants are capped at $60 million, with no more than $5.1 million each year. Payments come in up to 15 yearly installments. Eligible fiscal years start July 1, 2027 and end July 1, 2041, unless extended in the MOU. Grant money can pay for facility construction or any lawful purpose. After you apply, the Secretary certifies within 60 days, and checks are paid the next fiscal year only if the General Assembly makes a specific appropriation.
To get a yearly payment, the company must file by October 1 with proof of last year’s new jobs and capital spending. If mailed, the postmark controls. Missing the deadline defers that year’s payment. The Secretary can inspect records to check compliance, and properly marked company documents stay confidential and proprietary.
L. Louise Lucas
Democratic • Senate
There are no cosponsors for this bill.
All Roll Calls
Yes: 169 • No: 2
House vote • 3/12/2026
Passed House
Yes: 94 • No: 2
House vote • 3/9/2026
Reported from Appropriations
Yes: 22 • No: 0
Senate vote • 3/5/2026
Read third time and passed Senate
Yes: 39 • No: 0
Senate vote • 3/4/2026
Engrossed by Senate (Voice Vote)
Yes: 0 • No: 0
Senate vote • 3/3/2026
Reported from Finance and Appropriations
Yes: 14 • No: 0
Acts of Assembly Chapter text (CHAP0325)
Approved by Governor-Chapter 325 (effective 7/1/2026)
Fiscal Impact Statement from Department of Planning and Budget (SB836)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 31, 2026
Signed by Speaker
Bill text as passed Senate and House (SB836ER)
Enrolled
Signed by President
Passed House (94-Y 2-N 0-A)
Read third time
Moved from Uncontested Calendar to Regular Calendar
Read second time
Reported from Appropriations (22-Y 0-N)
Referred to Committee on Appropriations
Read first time
Placed on Calendar
Read third time and passed Senate (39-Y 0-N 0-A)
Engrossed by Senate (Voice Vote)
Read second time
Read first time
Reported from Finance and Appropriations (14-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB836)
Referred to Committee on Finance and Appropriations
Presented and ordered printed 26108123D
Chaptered
4/6/2026
Enrolled
3/30/2026
Introduced
2/24/2026
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