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SESSION history | hilite | pdf | print version 18103334D SENATE BILL NO.
SESSION history | hilite | pdf | print version 18106404D SENATE BILL NO.
714 Offered January 10, 2018 Prefiled January 10, 2018 A BILL to amend and reenact § 15.2-940 of the Code of Virginia, relating to approval of certain economic development expenditures.
714 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Senate Committee on Local Government on January 30, 2018) (Patron Prior to Substitute--Senator Chase) A BILL to amend and reenact § 15.2-940 of the Code of Virginia, relating to approval of certain economic development expenditures.
---------- Patron-- Chase ---------- Referred to Committee on Local Government ---------- Be it enacted by the General Assembly of Virginia:
Be it enacted by the General Assembly of Virginia:
That § 15.2-940 of the Code of Virginia is amended and reenacted as follows:
That § 15.2-940 of the Code of Virginia is amended and reenacted as follows:
Any local economic development expenditure made pursuant to this article or any other provision of law shall be first approved by the local governing body.
The locality shall approve all economic development grants made to any person and the budget of any local economic development authority on an annual basis.
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