SB 1156 Virginia Senate · 2021 Regular Session

Technology Development Grant Fund; created.

Summary

Technology Development Grant Fund created.Creates the Technology Development Grant Fund to make grant paymentsto a qualified technology company that makes a capital investmentof at least $64 million at a facility in Fairfax County and createsat least 1,500 new full-time jobs at the facility. A qualified technologycompany would be eligible for an aggregate of $22.5 million in grantspaid over four years if it meets performance parameters and complieswith the terms of a memorandum of understanding agreed upon by thecompany, the Commonwealth, and the Virginia Economic DevelopmentPartnership Authority.

Bill status signed all 5 stages cleared

Introduction

Jan 2021

Committee Review

Feb 2021

Senate Passage

Jan 2021

House of Delegates Passage

Feb 2021

Signed into Law

Mar 2021

Introduced Jan 7, 2021 Signed Mar 18, 2021

Floor votes · Senate Jan 22, 2021 · House of Delegates Feb 12, 2021

How they voted

31–0

Passed · 2 other

Total votes 33

Jan 22, 2021

D Democratic17

17 Yea

100% Yea

R Republican16

14 Yea 2

87% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 18, 2021

Signed into law

Approved by Governor-Chapter 271 (effective 7/1/21)

executive

Feb 12, 2021

Lower · Passed

Passed House (90-Y 10-N)

lower

Feb 10, 2021

Lower · Passed

Reported from Appropriations (22-Y 0-N)

lower

Feb 2, 2021

Committee

Referred to Committee on Appropriations

lower

Jan 22, 2021

Upper · Passed

Read third time and passed Senate (37-Y 0-N)

upper

Jan 19, 2021

Upper · Passed

Reported from Finance and Appropriations (15-Y 0-N)

upper

Jan 7, 2021

Committee

Referred to Committee on Finance and Appropriations

upper

Jan 7, 2021

Introduced

Prefiled and ordered printed; offered 01/13/21 21102102D

upper

1 primary · 0 co-sponsors