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HB2180

Semiconductor Manufacturing Grant Fund; created.

Status:
Enacted

Chief Patron:
Nick Rush (R)

Session:
2019 Regular Session

Summary

As Passed Both Chambers. Semiconductor Manufacturing Grant Fund; creation.

Creates the Semiconductor Manufacturing Grant Fund for the award of grants to a qualified semiconductor manufacturing company that makes a capital investment of at least $2.98 billion in a qualified locality and creates and maintains at least 1,106 new jobs with an average annual wage of at least $92,000. Such a qualified company would be eligible to receive a grant of $50 million in fiscal year 2020 and a grant of $20 million in fiscal year 2021, subject to total or partial recapture if the qualified company does not meet the performance metrics agreed to in a memorandum of understanding with the Commonwealth. This bill is identical to SB 1370. (Less)

  • Bill History

  • 01/08/2019 - House: Prefiled and ordered printed; offered 01/09/19 19102237D
  • 01/08/2019 - House: Referred to Committee on Appropriations
  • 01/11/2019 - House: Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
  • 01/14/2019 - House: Impact statement from DPB (HB2180)
  • 01/16/2019 - House: Subcommittee recommends reporting (8-Y 0-N)
  • 01/21/2019 - House: Reported from Appropriations (21-Y 0-N)
  • 01/23/2019 - House: Read first time
  • 01/24/2019 - House: Read second time and engrossed
  • 01/25/2019 - House: Read third time and passed House (91-Y 5-N)
  • 01/25/2019 - House: VOTE: PASSAGE (91-Y 5-N)
  • 01/28/2019 - Senate: Constitutional reading dispensed
  • 01/28/2019 - Senate: Referred to Committee on Finance
  • 02/05/2019 - Senate: Reported from Finance (11-Y 0-N)
  • 02/06/2019 - Senate: Constitutional reading dispensed (39-Y 0-N)
  • 02/07/2019 - Senate: Read third time
  • 02/07/2019 - Senate: Passed Senate (38-Y 2-N)
  • 02/11/2019 - House: Enrolled
  • 02/11/2019 - House: Bill text as passed House and Senate (HB2180ER)
  • 02/11/2019 - House: Impact statement from DPB (HB2180ER)
  • 02/11/2019 - House: Signed by Speaker
  • 02/11/2019 - Senate: Signed by President
  • 02/12/2019 - House: Enrolled Bill communicated to Governor on February 12, 2019
  • 02/12/2019 - Governor: Governor's Action Deadline Midnight, February 19, 2019
  • 02/19/2019 - Governor: Approved by Governor-Chapter 34 (effective 7/1/19)
  • 02/19/2019 - Governor: Acts of Assembly Chapter text (CHAP0034)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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