SB1370
Semiconductor Manufacturing Grant Fund; created.
Summary
As Introduced. 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 ... (More) 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 HB 2180. (Less)-
Bill History
- 01/08/2019 - Senate: Prefiled and ordered printed; offered 01/09/19 19102238D
- 01/08/2019 - Senate: Referred to Committee on Finance
- 01/14/2019 - Senate: Impact statement from DPB (SB1370)
- 01/23/2019 - Senate: Reported from Finance (16-Y 0-N)
- 01/24/2019 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/25/2019 - Senate: Read second time and engrossed
- 01/28/2019 - Senate: Read third time and passed Senate (36-Y 2-N)
- 01/30/2019 - House: Placed on Calendar
- 01/30/2019 - House: Read first time
- 01/30/2019 - House: Referred to Committee on Appropriations
- 02/05/2019 - House: Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
- 02/06/2019 - House: Reported from Appropriations (22-Y 0-N)
- 02/08/2019 - House: Read second time
- 02/11/2019 - House: Read third time
- 02/11/2019 - House: Passed House (93-Y 6-N)
- 02/11/2019 - House: VOTE: PASSAGE (93-Y 6-N)
- 02/12/2019 - Senate: Enrolled
- 02/12/2019 - Senate: Bill text as passed Senate and House (SB1370ER)
- 02/12/2019 - Senate: Impact statement from DPB (SB1370ER)
- 02/12/2019 - House: Signed by Speaker
- 02/13/2019 - Senate: Signed by President
- 02/14/2019 - Senate: Enrolled Bill Communicated to Governor on February 14, 2019
- 02/14/2019 - Governor: Governor's Action Deadline Midnight, February 21, 2019
- 02/19/2019 - Governor: Approved by Governor-Chapter 41 (effective 7/1/19)
- 02/19/2019 - Governor: Acts of Assembly Chapter text (CHAP0041)
