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 SB 403.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 13Approved by Governor Abigail Spanberger-Chapter 803 (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 23Signed by PresidentMajor
- Feb 23Signed by SpeakerMajor
- Feb 23Fiscal Impact Statement from Department of Planning and Budget (HB799)
- Feb 23Bill text as passed House and Senate (HB799ER)Major
- Feb 23EnrolledMinor
- Feb 19Passed Senate Block Vote (39-Y 0-N 0-A)Passed Senate
- Vote recorded Passage R. Result: pass.Upper
- Feb 19Read third timeMinor
- Feb 18Passed by for the day
- Vote recorded Constitutional reading dispensed (on 2nd reading). Result: pass.Upper
- Feb 18Constitutional reading dispensed Block Vote (on 2nd reading) (38-Y 0-N 0-A)
- Feb 18Rules suspended
- Feb 18Read second timeMinor
- Feb 17Reported from Finance and Appropriations (13-Y 0-N)Minor
- Vote recorded Reported from Finance and Appropriations. Result: pass.Upper
- Feb 6Referred to Committee on Finance and AppropriationsMinor
- Feb 6Constitutional reading dispensed (on 1st reading)
- Feb 5Read third time and passed House (93-Y 4-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 4Read second time and engrossedMinor
- Feb 4Moved from Uncontested Calendar to Regular Calendar
- Feb 3Read first timeMinor
- Jan 30Reported from Appropriations (21-Y 0-N)Minor
- Vote recorded Reported from Appropriations. Result: pass.Lower
- Jan 28Subcommittee recommends reporting (5-Y 0-N)
- Vote recorded Subcommittee recommends reporting. Result: pass.Lower
- Jan 23Fiscal Impact Statement from Department of Planning and Budget (HB799)
- Jan 20Assigned HAPP sub: Commerce Agriculture & Natural ResourcesMinor
- Jan 13Referred to Committee on AppropriationsMinor
- Jan 13Prefiled and ordered printed; Offered 01-14-2026 26102901DIntroduced