Del. David Bulova

Commending the 29th Infantry Division.

African Diaspora Heritage Month. DesignatesSeptember, in 2022 and in each succeeding year, as African DiasporaHeritage Month in Virginia.

Russia; boycott of goods and services. Encouragingall residents of the Commonwealth of Virginia to boycott all goodsand services originating in Russia.

Celebrating the life of the Honorable John HowsonRust, Jr.

Virginia Retirement System; employer contributions. Separates the employer contribution for Virginia Retirement System (VRS) employers participating in the Hybrid Retirement Plan into defined benefit and defined contribution components. The bill requires the Board of Trustees of VRS to certify to each employer their defined benefit contribution rate and to provide to each employer their estimated defined contribution amounts. Under current law, VRS is required to determine a single combined employer contribution rate that includes both the defined benefit and defined contribution provisions. Employer contributions are then applied first to the defined contribution component of the hybrid retirement program, with the remainder applied to the defined benefit component. The substantive provisions of the bill have a delayed effective date of July 1, 2024. However, the bill directs VRS to make the preparations necessary for full implementation of the bill beginning July 1, 2022. This bill is identical to SB 70.

MEI Project Approval Commission; incentivesrequiring review. Adds to the incentive packages for economic development, film, and episodic television projects that requireMEI Project Approval Commission (the Commission) review and approvalany incentive package in which one of the incentives being soughtincludes a cash payment of more than $3.5 million from any fund priorto any performance metrics being met by the proposed project. Thebill clarifies that in calculating whether the value of proposed incentives exceeds $10 million and thus requires review under current law,the value of applicable existing tax credits and incentives shall not be considered, with the exception of the sales tax exemptionfor data centers and the motion picture tax credit. Finally, the billprovides that economic development projects that propose to relocateor expand operations in one area of the Commonwealth while closingor reducing operations in another area of the Commonwealth shallbe subject to Commission review only if the value of the proposedincentives exceeds $2.5 million.

Study; continuing the Joint Subcommittee toStudy Comprehensive Campaign Finance Reform; report. Continuesthe Joint Subcommittee to Study Comprehensive Campaign Finance Reform,through the 2022 interim.

Tamil Heritage Month. Designates January,in 2022 and in each succeeding year, as Tamil Heritage Month in Virginia.

Arab American Heritage Month. DesignatesApril, in 2022 and in each succeeding year, as Arab American HeritageMonth in Virginia.

World Polio Day. Designates October 24,in 2022 and in each succeeding year, as World Polio Day in Virginia.