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HB468

Financial Services Expansion Grant Fund; established.

Status:
Enacted

Chief Patron:
Joe McNamara (R)

Session:
2024 Regular Session

Summary

As Introduced. Financial Services Expansion Grant Fund.

Creates the Financial Services Expansion Grant Fund to make grant payments to an eligible financial services company that makes a capital investment of at least $87 million at a facility in Roanoke County and creates at least 1,100 new full-time jobs at the facility. The eligible financial services company would be eligible for an aggregate of $15 million in grants paid out over a 10-year period if it meets such performance parameters. This bill is identical to SB 156. (Less)
  • Bill History

  • 01/08/2024 - House: Prefiled and ordered printed; offered 01/10/24 24102878D
  • 01/08/2024 - House: Referred to Committee on Finance
  • 01/17/2024 - House: Referred from Finance
  • 01/17/2024 - House: Referred to Committee on Appropriations
  • 01/18/2024 - House: Assigned App. sub: Commerce Agriculture & Natural Resources
  • 01/19/2024 - House: Impact statement from DPB (HB468)
  • 01/24/2024 - House: Subcommittee recommends reporting (8-Y 0-N)
  • 01/29/2024 - House: Reported from Appropriations (21-Y 0-N)
  • 01/31/2024 - House: Read first time
  • 02/01/2024 - House: Read second time and engrossed
  • 02/02/2024 - House: Read third time and passed House BLOCK VOTE (92-Y 0-N)
  • 02/02/2024 - House: VOTE: Block Vote Passage (92-Y 0-N)
  • 02/05/2024 - Senate: Constitutional reading dispensed
  • 02/05/2024 - Senate: Referred to Committee on Finance and Appropriations
  • 02/21/2024 - Senate: Reported from Finance and Appropriations (14-Y 0-N)
  • 02/22/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/23/2024 - Senate: Read third time
  • 02/23/2024 - Senate: Passed Senate (39-Y 0-N)
  • 02/28/2024 - House: Enrolled
  • 02/28/2024 - House: Bill text as passed House and Senate (HB468ER)
  • 02/28/2024 - House: Impact statement from DPB (HB468ER)
  • 02/28/2024 - House: Signed by Speaker
  • 03/02/2024 - Senate: Signed by President
  • 03/11/2024 - House: Enrolled Bill communicated to Governor on March 11, 2024
  • 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
  • 03/14/2024 - Governor: Approved by Governor-Chapter 91 (effective 7/1/24)
  • 03/14/2024 - Governor: Acts of Assembly Chapter text (CHAP0091)