Lashrecse Aird
- Democratic
- Senator
- District 13
Primary
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.
An Act to amend and reenact ยง 2.2-5101 of the Code of Virginia, relating to Virginia Investment Performance Grants.
Acts of Assembly Chapter text (CHAP0178)
Approved by Governor-Chapter 178 (Effective 07/01/25)
Fiscal Impact Statement from Department of Planning and Budget (SB1231)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill Communicated to Governor on March 11, 2025
Signed by President
Bill text as passed Senate and House (SB1231ER)
Signed by Speaker
Enrolled
Conference report agreed to by House (92-Y 3-N)
Conference report agreed to by Senate (40-Y 0-N)
Delegates: Clark, Sickles, Wiley
Amended by conference committee
Conferees appointed by House
Conferees appointed by Senate
Senators: Aird, VanValkenburg, Pillion
Senate acceded to request (40-Y 0-N)
House insisted on substitute
House requested conference committee
House substitute rejected by Senate (0-Y 38-N)
Moved from Uncontested Calendar to Regular Calendar
Read third time
Appropriations Substitute agreed to
Engrossed by House - committee substitute
Passed House with substitute (84-Y 12-N)
Read second time
Fiscal Impact Statement from Department of Planning and Budget (SB1231)
Committee substitute printed 25107018D-H1
Reported from Appropriations with substitute (22-Y 0-N)
Assigned Approps sub: Commerce Agriculture & Natural Resources
Read first time
Referred to Committee on Appropriations
Placed on Calendar
Engrossed by Senate - committee substitute
Passed Senate (40-Y 0-N)
Constitutional reading dispensed (on 3rd reading) (39-Y 1-N)
Rules suspended
General Laws and Technology Substitute agreed to
Reading of substitute waived
General Laws and Technology Amendment rejected
Read second time
Rules suspended
Passed by for the day
Constitutional reading dispensed (on 1st reading) (38-Y 0-N)
Reported from Finance and Appropriations with substitute (15-Y 0-N)
Committee substitute printed 25106324D-S1
Reported from General Laws and Technology with amendment and rereferred to Finance and Appropriations (15-Y 0-N)
Fiscal Impact Statement from Department of Planning and Budget (SB1231)
Prefiled and ordered printed; Offered 01-08-2025 25100960D
Referred to Committee on General Laws and Technology
| Bill Text Versions | Format |
|---|---|
| Chaptered | HTML PDF |
| Enrolled | HTML PDF |
| Conference Report | HTML |
| Appropriations Substitute | HTML PDF |
| General Laws and Technology Substitute | HTML PDF |
| General Laws and Technology Amendment | HTML |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Fiscal Impact Statement from Department of Planning and Budget (SB1231) | PDF PDF PDF |
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