republic-os/legislation/us/states/va/2020/sb-703.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Conflict of Interests Act, State and Local Government; disclosure by executive directors & members.	State and Local Government Conflict of Interests Act; disclosure by executive directors and members of industrial development authorities and economic development authorities; penalty. Requires the executive director and members of each industrial development authority and economic development authority, as created under the authority of the Industrial Development and Revenue Bond Act, to file a Statement of Economic Interests (SOEI) with the clerk of the local governing body as a condition to assuming office and thereafter annually on or before February 1. The first disclosure form for the executive director and members of each industrial development authority and economic development authority is due on August 1, 2020. Current law requires members of industrial development authorities and economic development authorities to file a Financial Disclosure Statement unless the governing body that appoints the members has required the members to file an SOEI. The bill makes the filing of an SOEI mandatory. Current law provides that any person who knowingly and intentionally makes a false statement of material fact on the SOEI is guilty of a Class 5 felony. This bill is identical to HB 1528.	us/states/va	Virginia General Assembly	2020	SB 703	Virginia SB 703 (2020)	bill		enacted	Mark D. Obenshain	3	22	5	2020-01-07	2020-03-02	openstates	ocd-bill/318ed263-7d52-48a1-aa76-be7dba2a8798	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB703	be0a5e30da5ec91ab338ef575acfbcf6bd13ad0b38247edd5eef697a6fa914d0	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 703 (2020) — Conflict of Interests Act, State and Local Government; disclosure by executive directors & members.

State and Local Government Conflict of Interests Act; disclosure by executive directors and members of industrial development authorities and economic development authorities; penalty. Requires the executive director and members of each industrial development authority and economic development authority, as created under the authority of the Industrial Development and Revenue Bond Act, to file a Statement of Economic Interests (SOEI) with the clerk of the local governing body as a condition to assuming office and thereafter annually on or before February 1. The first disclosure form for the executive director and members of each industrial development authority and economic development authority is due on August 1, 2020. Current law requires members of industrial development authorities and economic development authorities to file a Financial Disclosure Statement unless the governing body that appoints the members has required the members to file an SOEI. The bill makes the filing of an SOEI mandatory. Current law provides that any person who knowingly and intentionally makes a false statement of material fact on the SOEI is guilty of a Class 5 felony. This bill is identical to HB 1528.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Acts of Assembly Chapter text (CHAP0081) (committee substitute) — source
2. Bill text as passed Senate and House (SB703ER) (committee substitute) — source
3. Impact statement from VCSC (SB703) (committee substitute) — source

Votes

• Constitutional reading dispensed (39-Y 0-N) — 39–0 (pass) · upper
• Read third time and passed Senate (40-Y 0-N) — 40–0 (pass) · upper
• VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
• Reported from General Laws (22-Y 0-N) — 22–0 (pass) · lower
• Reported from General Laws and Technology (15-Y 0-N) — 15–0 (pass) · upper

Sponsors

• Mark D. Obenshain — primary (person)
• Amanda F. Chase — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2020-01-07 Prefiled and ordered printed; offered 01/08/20 20102809D introduction
• 2020-01-07 Referred to Committee on General Laws and Technology referral-committee
• 2020-01-10 Impact statement from VCSC (SB703)
• 2020-01-18 Impact statement from DHCD (SB703)
• 2020-01-22 Reported from General Laws and Technology (15-Y 0-N) committee-passage
• 2020-01-24 Constitutional reading dispensed (39-Y 0-N)
• 2020-01-27 Read second time and engrossed reading-2
• 2020-01-28 Read third time and passed Senate (40-Y 0-N) passage, reading-3
• 2020-02-13 Placed on Calendar
• 2020-02-13 Read first time reading-1
• 2020-02-13 Referred to Committee on General Laws referral-committee
• 2020-02-13 Reported from General Laws (22-Y 0-N) committee-passage
• 2020-02-17 Read second time reading-2
• 2020-02-18 Read third time reading-3
• 2020-02-18 Passed House BLOCK VOTE (100-Y 0-N) passage
• 2020-02-18 VOTE: Block Vote Passage (100-Y 0-N)
• 2020-02-20 Enrolled
• 2020-02-20 Signed by Speaker
• 2020-02-21 Signed by President
• 2020-02-25 Enrolled Bill Communicated to Governor on February 25, 2020
• 2020-02-25 Governor's Action Deadline 11:59 p.m., March 3, 2020
• 2020-03-02 Approved by Governor-Chapter 81 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/318ed263-7d52-48a1-aa76-be7dba2a8798. Confidence: reported (aggregated from official Virginia legislature records).