HB1530
Transformer Manufacturing Expansion Grant Fund; established.
Status:
Passed
Latest Action:
March 11, 2026
Senate: Passed Senate Block Vote (40-Y 0-N 0-A)
Chief Patron:
Luke Torian (D)
Session:
2026 Regular Session
Summary
As Introduced. Transformer Manufacturing Expansion Grant Fund.
Establishes the Transformer Manufacturing Expansion Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2041, in an amount not to exceed $5.1 million per fiscal year and in an aggregate amount not to exceed $60 million, to a qualified company that (i) engages in the ... (More) manufacture of electrical transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $301 million and create and maintain at least 1,185 new full-time jobs. (Less)-
Bill History
- 02/24/2026 - House: Presented and ordered printed 26108045D
- 02/24/2026 - House: Introduced at the request of Governor
- 02/24/2026 - House: Referred to Committee on Appropriations
- 02/26/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
- 02/27/2026 - House: Placed on Appropriations Agenda
- 02/27/2026 - House: Reported from Appropriations (22-Y 0-N)
- 03/02/2026 - House: Fiscal Impact statement From DPB (3/2/2026 2:05 pm)
- 03/03/2026 - House: Read first time
- 03/04/2026 - House: Read second time and engrossed
- 03/05/2026 - House: Read third time and passed House (96-Y 2-N 0-A)
- 03/06/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 03/06/2026 - Senate: Referred to Committee on Finance and Appropriations
- 03/09/2026 - Senate: Reported from Finance and Appropriations (14-Y 0-N)
- 03/10/2026 - Senate: Rules suspended
- 03/10/2026 - Senate: Constitutional reading dispensed (on 2nd reading) (37-Y 0-N 0-A)
- 03/10/2026 - Senate: Passed by for the day (Voice Vote)
- 03/11/2026 - Senate: Read third time
- 03/11/2026 - Senate: Passed Senate Block Vote (39-Y 0-N 0-A)
- 03/11/2026 - Senate: Reconsideration of Senate passage agreed to by Senate (40-Y 0-N 0-A)
- 03/11/2026 - Senate: Passed Senate Block Vote (40-Y 0-N 0-A)
