Virginia · 2025 Regular Session · Bill
SB 1231: Virginia Investment Performance Grants; awarding of Grants.
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1231 is a bill introduced in the Virginia Senate on January 8, 2025. According to its official title, it concerns: Virginia Investment Performance Grants; awarding of Grants. Primary sponsor: Lashrecse Aird (Democratic). Most recent recorded action (March 19, 2025): Acts of Assembly Chapter text (CHAP0178).
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Virginia Investment Performance Grants. Authorizes Virginia Investment Performance Grants to be awarded under more lenient requirements if the recipient is located in a locality with an unemployment rate and poverty rate that exceeds the state average. Specifically, the bill would authorize payment of such grants if the average wage paid by the eligible manufacturer or research and development service, excluding fringe benefits, is no less than 85 percent of the prevailing average wage. Grants may be paid for projects in such localities that pay less than 85 percent of the prevailing average wage, upon a written finding by the Governor that the economic circumstances in the area are sufficiently distressed such that assistance to the locality to attract the project is justified. However, the minimum private investment and number of new jobs required to be created are still a condition of eligibility. This bill is identical to HB 2179.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Lashrecse Aird | Primary sponsor | Democratic | Senate | 13 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Acts of Assembly Chapter text (CHAP0178)
- Approved by Governor-Chapter 178 (Effective 07/01/25)
- Fiscal Impact Statement from Department of Planning and Budget (SB1231)
- Governor's Action Deadline 11:59 p.m., March 24, 2025
- Enrolled Bill Communicated to Governor on March 11, 2025
- Signed by President
- Signed by Speaker
- Bill text as passed Senate and House (SB1231ER)
- Enrolled
- Conference report agreed to by House (92-Y 3-N)
- Conference report agreed to by Senate (40-Y 0-N)
- Amended by conference committee
Showing 12 most recent of 40 actions. Full history