VirginiaPower Transformer Manufacturing Grant Fund; created.
What it does
Power Transformer Manufacturing Grant Fund. Establishes the Power Transformer Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2035, in an amount not to exceed $4.6 million per fiscal year and in an aggregate amount not to exceed $29.4 million, to a qualified company that (i) engages in the manufacture of power transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $457,157,000 and create and maintain at least 825 new full-time jobs. This bill is identical to HB 799.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 13Approved by Governor Abigail Spanberger-Chapter 821 (effective 7/1/2026)Became Law
- Mar 10Governor's Action Deadline 11:59 p.m., April 13, 2026To Governor
- Mar 10Enrolled Bill communicated to Governor on March 10, 2026Minor
- Feb 27Signed by PresidentMajor
- Feb 27Signed by SpeakerMajor
- Feb 27Fiscal Impact Statement from Department of Planning and Budget (SB403)
- Feb 27Bill text as passed Senate and House (SB403ER)Major
- Feb 27EnrolledMinor
- Feb 25Passed House (92-Y 4-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 25Read third timeMinor
- Feb 25Moved from Uncontested Calendar to Regular Calendar
- Feb 24Read second timeMinor
- Feb 20Reported from Appropriations (22-Y 0-N)Minor
- Vote recorded Reported from Appropriations. Result: pass.Lower
- Feb 18Assigned HAPP sub: Commerce Agriculture & Natural ResourcesMinor
- Feb 4Referred to Committee on AppropriationsMinor
- Feb 4Read first timeMinor
- Feb 4Placed on Calendar
- Jan 30Read third time and passed Senate (38-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Jan 29Engrossed by Senate (Voice Vote)
- Jan 29Read second timeMinor
- Jan 28Passed by for the day
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Jan 28Passed by for the day Block Vote (Voice Vote)
- Jan 28Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- Jan 28Rules suspended
- Jan 27Reported from Finance and Appropriations (14-Y 0-N)Minor
- Vote recorded Reported from Finance and Appropriations. Result: pass.Upper
- Jan 23Fiscal Impact Statement from Department of Planning and Budget (SB403)
- Jan 13Referred to Committee on Finance and AppropriationsMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102902DIntroduced