Fabio
85 lines
5.5 KiB
Markdown
85 lines
5.5 KiB
Markdown
---
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type: "Bill"
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title: "Small Business Investment Grant Fund; recapture of awards."
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description: "Provides that if an eligible investor is awarded a grant from the Small Business Investment Grant Fund and the small business in which the investment was made (i) relocates outside of the Commonwealth within two years of the award of the grant or (ii) closes within two years of the award of the grant as a result of a criminal conviction on the part of any officer, director, manager, or general partner of such business relating to his involvement with the business, such investor shall forfeit the grant and refund such moneys to the Virginia Small Business Financing Authority. The bill also advances the starting date for an eligible investor to receive a grant from July 1, 2016, to July 1, 2019, and advances the end date for receiving such a grant from January 1, 2019, to January 1, 2022."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2019"
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identifier: "HB 2347"
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citation: "Virginia HB 2347 (2019)"
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classification: ["bill"]
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subjects: ["Administration of Government", "Trade and Commerce"]
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status: "enacted"
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primary_sponsors: ["Charniele L. Herring"]
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version_count: 6
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action_count: 18
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vote_count: 6
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first_action: "2019-01-08"
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last_action: "2019-02-19"
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source: "openstates"
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source_identifier: "ocd-bill/7ace70af-f5d3-4c3b-8020-ad9a7b0c7900"
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source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2347"
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source_hash: "c542144e3232b2d8ad454a4f03f8d175e0c1c2c54cfd9a4e3f5bc6d822c0123a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 2347 (2019) — Small Business Investment Grant Fund; recapture of awards.
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Provides that if an eligible investor is awarded a grant from the Small Business Investment Grant Fund and the small business in which the investment was made (i) relocates outside of the Commonwealth within two years of the award of the grant or (ii) closes within two years of the award of the grant as a result of a criminal conviction on the part of any officer, director, manager, or general partner of such business relating to his involvement with the business, such investor shall forfeit the grant and refund such moneys to the Virginia Small Business Financing Authority. The bill also advances the starting date for an eligible investor to receive a grant from July 1, 2016, to July 1, 2019, and advances the end date for receiving such a grant from January 1, 2019, to January 1, 2022.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Governor: Acts of Assembly Chapter text (CHAP0035)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0035)
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2. **House amendments adopted** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+amd+HB2347AH)
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3. **House subcommittee amendments and substitutes adopted** (committee substitute) — [source](https://committees.lis.virginia.gov/subcommitteeaction.aspx?ses=191&bil=HB2347)
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4. **House: Bill text as passed House and Senate (HB2347ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2347ER)
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5. **House: Prefiled and ordered printed; offered 01/09/19 19102988D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2347)
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6. **House: Printed as engrossed 19102988D-E** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2347E)
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## Votes
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- Read third time and passed House BLOCK VOTE — **97–0** (pass) · lower
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- Reported from Finance — **13–0** (pass) · upper
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- Subcommittee recommends reporting with amendments — **8–0** (pass) · lower
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- Constitutional reading dispensed — **39–0** (pass) · upper
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- Reported from Appropriations with amendments — **21–0** (pass) · lower
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- Passed Senate — **40–0** (pass) · upper
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## Sponsors
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- Charniele L. Herring — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-01-08** Prefiled and ordered printed; offered 01/09/19 19102988D `introduction`
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- **2019-01-08** Referred to Committee on Appropriations `referral-committee`
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- **2019-01-14** Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology `referral-committee`
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- **2019-01-23** Read first time `reading-1`
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- **2019-01-24** Read second time `reading-2`
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- **2019-01-24** Committee amendments agreed to
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- **2019-01-24** Engrossed by House as amended HB2347E
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- **2019-01-24** Printed as engrossed 19102988D-E
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- **2019-01-25** Read third time and passed House BLOCK VOTE (97-Y 0-N) `passage, reading-3`
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- **2019-01-28** Constitutional reading dispensed
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- **2019-01-28** Referred to Committee on Finance `referral-committee`
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- **2019-02-07** Read third time `reading-3`
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- **2019-02-11** Enrolled
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- **2019-02-11** Signed by Speaker
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- **2019-02-11** Signed by President
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- **2019-02-12** Enrolled Bill communicated to Governor on February 12, 2019
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- **2019-02-12** Governor's Action Deadline Midnight, February 19, 2019
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- **2019-02-19** Approved by Governor-Chapter 35 (effective 7/1/19) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7ace70af-f5d3-4c3b-8020-ad9a7b0c7900`. Confidence: reported (aggregated from official Virginia legislature records).
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