VirginiaPharmaceutical Substance Manufacturing Grant Fund; created.
What it does
Pharmaceutical Substance Manufacturing Grant Fund. Establishes the Pharmaceutical Substance Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2045, in an amount not to exceed $34 million per fiscal year and in an aggregate amount not to exceed $191,255,000, to a qualified company that (i) engages in the manufacture of pharmaceutical substances, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $4 billion and create and maintain at least 500 new full-time jobs. This bill is identical to HB 1076.
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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 809 (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
- Mar 5Signed by PresidentMajor
- Mar 5Signed by SpeakerMajor
- Mar 5Fiscal Impact Statement from Department of Planning and Budget (SB527)
- Mar 5Bill text as passed Senate and House (SB527ER)Major
- Mar 5EnrolledMinor
- Mar 2Passed House (92-Y 6-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Mar 2Read third timeMinor
- Mar 2Moved from Uncontested Calendar to Regular Calendar
- Feb 27Read second timeMinor
- Feb 25Reported from Appropriations (22-Y 0-N)Minor
- Vote recorded Reported from Appropriations. Result: pass.Lower
- Feb 19Assigned HAPP sub: Commerce Agriculture & Natural ResourcesMinor
- Feb 19Referred to Committee on AppropriationsMinor
- Feb 19Read first timeMinor
- Feb 19Placed on Calendar
- Feb 13Read third time and passed Senate (39-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Feb 12Engrossed by Senate (Voice Vote)
- Feb 12Read second timeMinor
- Feb 11Passed by for the day Block Vote (Voice Vote)
- Vote recorded Constitutional reading dispensed R. Result: pass.Upper
- Feb 11Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- Feb 11Rules suspended
- Feb 10Reported from Finance and Appropriations (14-Y 0-N)Minor
- Vote recorded Reported from Finance and Appropriations. Result: pass.Upper
- Feb 2Rereferred from Commerce and Labor to Finance and Appropriations (11-Y 0-N)Minor
- Vote recorded Rereferred from Commerce and Labor. Result: pass.Upper
- Jan 23Fiscal Impact Statement from Department of Planning and Budget (SB527)
- Jan 22Rereferred from Education and Health to Commerce and Labor (14-Y 0-N)Minor
- Vote recorded Rereferred from Education and Health. Result: pass.Upper
- Jan 13Referred to Committee on Education and HealthMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102905DIntroduced