VA SB319 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2016 - 25% progression, died in chamber
Action: 2016-01-18 - Stricken at request of Patron in General Laws and Technology (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 8 2016 - 25% progression, died in chamber
Action: 2016-01-18 - Stricken at request of Patron in General Laws and Technology (15-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]
Summary
Small Business Investment Grant Fund; administration; qualifications. Changes the administration of the Small Business Investment Grant Fund from the Department of Small Business and Supplier Diversity to the Virginia Small Business Financing Authority. The bill also changes the eligibility of businesses to receive a grant from the fund by (i) removing the requirement that a business be certified as a small business by the Department, (ii) limiting the total grant allocation from the Fund to $250,000 per eligible investor, and (iii) extending the period during which an eligible investor can make a qualified investment in a small business from January 1, 2015, to January 1, 2019.
Title
Small Business Investment Grant Fund; administration; qualifications.
Sponsors
Roll Calls
2016-01-18 - Senate - Senate: Stricken at request of Patron in General Laws and Technology (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-18 | Senate | Stricken at request of Patron in General Laws and Technology (15-Y 0-N) |
| 2016-01-08 | Senate | Referred to Committee on General Laws and Technology |
| 2016-01-08 | Senate | Prefiled and ordered printed; offered 01/13/16 16100457D |
