Fabio
84 lines
5.5 KiB
Markdown
84 lines
5.5 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "Commonwealth's Development Opportunity Fund; limitation on use of moneys from the Fund."
|
||
description: "Provides that unless an exception has been granted by the Secretary of Commerce and Trade, moneys in the Commonwealth's Development Opportunity Fund shall not be used for any economic development project involving a business that relocates or expands its operations in one or more Virginia localities while simultaneously closing its operations or substantially reducing the number of its employees in another Virginia locality. Under current law, this limitation on the use of the Fund is stated as a general policy rather than as a requirement. The bill also requires the Secretary of Commerce and Trade to provide written notice to the Chairmen of the Senate Finance and House Appropriations Committees at least 48 hours prior to the final approval of the grant or loan. Currently, the notice must be provided promptly, and a time frame is not specified."
|
||
jurisdiction: "us/states/va"
|
||
legislature: "Virginia General Assembly"
|
||
session: "2017"
|
||
identifier: "HB 2347"
|
||
citation: "Virginia HB 2347 (2017)"
|
||
classification: ["bill"]
|
||
subjects: ["Administration of Government", "Commissions", "Boards and Institutions Generally", "General Assembly"]
|
||
status: "enacted"
|
||
primary_sponsors: ["Kathy J. Byron"]
|
||
version_count: 4
|
||
action_count: 17
|
||
vote_count: 8
|
||
first_action: "2017-01-14"
|
||
last_action: "2017-03-20"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/9cb72855-9445-4ba5-ab50-e5a9229405c8"
|
||
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB2347"
|
||
source_hash: "a698a15de7cddd912218a5f20c88a76d53185203fcc99511687294f2d0cd6099"
|
||
vintage: "2026-07-01"
|
||
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
|
||
retrieved_at: "2026-07-06"
|
||
confidence: "reported"
|
||
tags: ["legislation", "bill", "us-va"]
|
||
---
|
||
|
||
# Virginia HB 2347 (2017) — Commonwealth's Development Opportunity Fund; limitation on use of moneys from the Fund.
|
||
|
||
Provides that unless an exception has been granted by the Secretary of Commerce and Trade, moneys in the Commonwealth's Development Opportunity Fund shall not be used for any economic development project involving a business that relocates or expands its operations in one or more Virginia localities while simultaneously closing its operations or substantially reducing the number of its employees in another Virginia locality. Under current law, this limitation on the use of the Fund is stated as a general policy rather than as a requirement. The bill also requires the Secretary of Commerce and Trade to provide written notice to the Chairmen of the Senate Finance and House Appropriations Committees at least 48 hours prior to the final approval of the grant or loan. Currently, the notice must be provided promptly, and a time frame is not specified.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Governor: Acts of Assembly Chapter text (CHAP0663)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0663)
|
||
2. **House: Bill text as passed House and Senate (HB2347ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2347ER)
|
||
3. **House: Committee substitute printed 17104721D-H1** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2347H1)
|
||
4. **House: Presented and ordered printed 17100090D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB2347)
|
||
|
||
## Votes
|
||
|
||
- Passed Senate — **40–0** (pass) · legislature
|
||
- Passed Senate — **39–0** (pass) · legislature
|
||
- Reported from Appropriations with substitute — **22–0** (pass) · legislature
|
||
- Reconsideration of Senate passage agreed to by Senate — **40–0** (pass) · legislature
|
||
- Subcommittee recommends reporting with substitute — **7–0** (pass) · legislature
|
||
- Read third time and passed House BLOCK VOTE — **95–0** (pass) · legislature
|
||
- Constitutional reading dispensed — **40–0** (pass) · legislature
|
||
- Reported from Finance — **16–0** (pass) · legislature
|
||
|
||
## Sponsors
|
||
|
||
- Kathy J. Byron — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2017-01-14** Presented and ordered printed 17100090D `introduction`
|
||
- **2017-01-14** Referred to Committee on Appropriations `referral-committee`
|
||
- **2017-01-17** Assigned App. sub: Commerce, Agriculture, Natural Resources and Technology `referral-committee`
|
||
- **2017-02-01** Read first time `reading-1`
|
||
- **2017-02-02** Read second time `reading-2`
|
||
- **2017-02-02** Committee substitute agreed to 17104721D-H1
|
||
- **2017-02-02** Engrossed by House - committee substitute HB2347H1
|
||
- **2017-02-03** Read third time and passed House BLOCK VOTE (95-Y 0-N) `passage, reading-3`
|
||
- **2017-02-06** Constitutional reading dispensed
|
||
- **2017-02-06** Referred to Committee on Finance `referral-committee`
|
||
- **2017-02-16** Read third time `reading-3`
|
||
- **2017-02-20** Enrolled
|
||
- **2017-02-20** Signed by Speaker
|
||
- **2017-02-21** Signed by President
|
||
- **2017-02-21** Enrolled Bill communicated to Governor on 2/21/17
|
||
- **2017-02-21** Governor's Action Deadline Midnight, March 27, 2017
|
||
- **2017-03-20** Approved by Governor-Chapter 663 (effective 7/1/17) `executive-signature`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9cb72855-9445-4ba5-ab50-e5a9229405c8`. Confidence: reported (aggregated from official Virginia legislature records).
|
||
|