SB403
Power Transformer Manufacturing Grant Fund; created.
Status:
Passed
Latest Action:
Feb. 25, 2026
House: Passed House (92-Y 4-N 0-A)
Chief Patron:
Louise Lucas (D)
Session:
2026 Regular Session
Summary
As Introduced. Power Transformer Manufacturing Grant Fund.
Establishes the Power Transformer Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2035, in an amount not to exceed $4.6 million per fiscal year and in an aggregate amount not to exceed $29.4 million, to a qualified company that (i) engages in the ... (More) manufacture of power transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $457,157,000 and create and maintain at least 825 new full-time jobs. This bill is a recommendation of the MEI Project Approval Commission. (Less)-
Bill History
- 01/13/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26102902D
- 01/13/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/23/2026 - Senate: Fiscal Impact Statement from Department of Planning and Budget (SB403)
- 01/27/2026 - Senate: Reported from Finance and Appropriations (14-Y 0-N)
- 01/28/2026 - Senate: Rules suspended
- 01/28/2026 - Senate: Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- 01/28/2026 - Senate: Passed by for the day Block Vote (Voice Vote)
- 01/28/2026 - Senate: Passed by for the day
- 01/29/2026 - Senate: Read second time
- 01/29/2026 - Senate: Engrossed by Senate (Voice Vote)
- 01/30/2026 - Senate: Read third time and passed Senate (38-Y 0-N 0-A)
- 02/04/2026 - House: Placed on Calendar
- 02/04/2026 - House: Read first time
- 02/04/2026 - House: Referred to Committee on Appropriations
- 02/18/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
- 02/19/2026 - House: Placed on Appropriations Agenda
- 02/20/2026 - House: Reported from Appropriations (22-Y 0-N)
- 02/24/2026 - House: Read second time
- 02/25/2026 - House: Moved from Uncontested Calendar to Regular Calendar
- 02/25/2026 - House: Read third time
- 02/25/2026 - House: Passed House (92-Y 4-N 0-A)
