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---
type: "Bill"
title: "Virginia Community Development Financial Institutions Fund and Program; codifies Fund, etc."
description: "Virginia Community Development Financial Institutions Fund and Program; codifies Fund, etc."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2023"
identifier: "SB 1320"
citation: "Virginia SB 1320 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["McClellan"]
version_count: 4
action_count: 34
vote_count: 7
first_action: "2023-01-10"
last_action: "2023-03-26"
source: "openstates"
source_identifier: "ocd-bill/052cd98c-ed98-481b-980f-cb9a2ac6ea5b"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1320"
source_hash: "5008cd50eb7cd0565b4c59a982642ab0e60e4d239b740f0a5d8c5becbb4f9951"
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 SB 1320 (2023) — Virginia Community Development Financial Institutions Fund and Program; codifies Fund, etc.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **CHAP0640** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0640)
2. **Committee substitute printed 23105924D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320S1)
3. **Prefiled and ordered printed; offered 01/11/23 23101527D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320)
4. **SB1320ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1320ER)
## Votes
- Constitutional reading dispensed (40-Y 0-N) — **00** (fail) · upper
- Reported from Finance and Appropriations with substitute (14-Y 0-N) — **00** (fail) · upper
- Constitutional reading dispensed (40-Y 0-N) — **00** (fail) · upper
- Reported from General Laws and Technology (14-Y 0-N) — **00** (fail) · upper
- Reported from Appropriations (21-Y 0-N) — **00** (fail) · lower
- VOTE: Passage (95-Y 2-N) — **00** (fail) · lower
- Passed Senate (40-Y 0-N) — **00** (fail) · upper
## Sponsors
- McClellan — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-01-10** Prefiled and ordered printed; offered 01/11/23 23101527D `filing, introduction`
- **2023-01-10** Referred to Committee on General Laws and Technology `referral-committee`
- **2023-01-18** Reported from General Laws and Technology (14-Y 0-N) `committee-passage`
- **2023-01-18** Rereferred to Finance and Appropriations `referral-committee`
- **2023-01-24** Impact statement from DPB (SB1320)
- **2023-01-31** Senate committee, floor amendments and substitutes offered
- **2023-01-31** Reported from Finance and Appropriations with substitute (14-Y 0-N) `committee-passage`
- **2023-01-31** Committee substitute printed 23105924D-S1 `substitution`
- **2023-02-01** Constitutional reading dispensed (40-Y 0-N)
- **2023-02-02** Impact statement from DPB (SB1320S1)
- **2023-02-02** Read second time `reading-2`
- **2023-02-02** Reading of substitute waived
- **2023-02-02** Committee substitute agreed to 23105924D-S1 `substitution`
- **2023-02-02** Engrossed by Senate - committee substitute SB1320S1 `substitution`
- **2023-02-02** Constitutional reading dispensed (40-Y 0-N)
- **2023-02-02** Passed Senate (40-Y 0-N) `passage`
- **2023-02-10** Placed on Calendar
- **2023-02-10** Read first time `reading-1`
- **2023-02-10** Referred to Committee on Appropriations `referral-committee`
- **2023-02-10** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
- **2023-02-13** Reported from Appropriations (21-Y 0-N) `committee-passage`
- **2023-02-15** Read second time `reading-2`
- **2023-02-16** Read third time `reading-3`
- **2023-02-16** Passed House (95-Y 2-N) `passage`
- **2023-02-16** VOTE: Passage (95-Y 2-N) `passage`
- **2023-02-21** Enrolled `enrolled`
- **2023-02-21** Bill text as passed Senate and House (SB1320ER) `passage`
- **2023-02-21** Impact statement from DPB (SB1320ER)
- **2023-02-21** Signed by Speaker `passage`
- **2023-02-24** Signed by President `passage`
- **2023-03-02** Enrolled Bill Communicated to Governor on March 2, 2023 `enrolled`
- **2023-03-02** Governor's Action Deadline 11:59 p.m., March 27, 2023 `executive-receipt`
- **2023-03-26** Approved by Governor-Chapter 640 (effective 7/1/23) `executive-signature`
- **2023-03-26** Acts of Assembly Chapter text (CHAP0640)
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/052cd98c-ed98-481b-980f-cb9a2ac6ea5b`. Confidence: reported (aggregated from official Virginia legislature records).