Transformer Manufacturing Expansion Grant Fund; created.
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HB1530 — Transformer Manufacturing Expansion Grant Fund; created.
Last action — Acts of Assembly Chapter text (CHAP0324)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House of Delegates
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 24, 2026. Enacted.
Signed by Governor Glenn Youngkin (Republican) on March 31, 2026.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 6 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Transformer Manufacturing Expansion Grant Fund; created.
Bill Text
We don't have the full text on file for this bill yet.
Read HB1530 on the official Virginia source →Compared against the Code of Virginia as published AI-generated reading aid — verify against the official bill.
This bill amends 1 section(s) of the Code of Virginia: 59.1-284.46.
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59.1-284.46
A. As used in this chapter, unless the context requires a different meaning:
Inserts “A. As used in this chapter, unless the context requires a different meaning:”.
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59.1-284.46
"Capital investment"
Inserts “"Capital investment"”.
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59.1-284.46
means an expenditure by or on behalf of a qualified company on or after July 1, 2025, on or for real property, taxable tangible personal property, or both, at a facility in an eligible locality that is properly chargeable to a capital account or would be so chargeable with a proper election under Virginia law. Such term shall include (i) the purchase or lease of furniture, fixtures, business personal property, machinery, and tools, including under an operating lease, and (ii) expected building construction and up-fit by or on behalf of a qualified company
Inserts “means an expenditure by or on behalf of a qualified company on or after July 1, 2025, on or for real property, taxable tangible personal property, or both, at a facility in an eligible locality that is properly chargeable to a capital account or would be so chargeable with a proper election under Virginia law. Such term shall include (i) the purchase or lease of furniture, fixtures, business personal property, machinery, and tools, including under an operating lease, and (ii) expected building construction and up-fit by or on behalf of a qualified company”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Eligible locality" means
Inserts “"Eligible locality" means”.
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59.1-284.46
Pittsylvania
Inserts “Pittsylvania”.
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59.1-284.46
County.
Inserts “County.”.
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59.1-284.46
"Facility"
Inserts “"Facility"”.
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59.1-284.46
means the building, group of buildings, or corporate campus, including any related machinery and tools, furniture, fixtures, and business personal property, that is located at or near a qualified company's operations in an eligible locality and is owned, leased, licensed, occupied, or otherwise operated by a qualified company
Inserts “means the building, group of buildings, or corporate campus, including any related machinery and tools, furniture, fixtures, and business personal property, that is located at or near a qualified company's operations in an eligible locality and is owned, leased, licensed, occupied, or otherwise operated by a qualified company”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Fund" means
Inserts “"Fund" means”.
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59.1-284.46
the
Inserts “the”.
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59.1-284.46
Solid Rocket Motor Manufacturing Grant Fund
Inserts “Solid Rocket Motor Manufacturing Grant Fund”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Grants"
Inserts “"Grants"”.
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59.1-284.46
means the grant payments from the Fund that are awarded to a qualified company in an aggregate amount not to exceed $97,723,000. The proceeds of any grants may be used by the qualified company for costs of construction and development of the facility, or any other lawful purpose
Inserts “means the grant payments from the Fund that are awarded to a qualified company in an aggregate amount not to exceed $97,723,000. The proceeds of any grants may be used by the qualified company for costs of construction and development of the facility, or any other lawful purpose”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Memorandum of understanding"
Inserts “"Memorandum of understanding"”.
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59.1-284.46
means a performance agreement or related document to be entered into by a qualified company, the Commonwealth, and VEDP that sets forth the requirements for capital investment and the creation of new full-time jobs by a qualified company to be eligible for grants from the Fund
Inserts “means a performance agreement or related document to be entered into by a qualified company, the Commonwealth, and VEDP that sets forth the requirements for capital investment and the creation of new full-time jobs by a qualified company to be eligible for grants from the Fund”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"New full-time job"
Inserts “"New full-time job"”.
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59.1-284.46
means a job position for an employee of a qualified company (i) that is principally located at a facility; (ii) for which the average annual wage is at least $81,483, subject to an escalation factor for each year as set forth in the memorandum of understanding; (iii) for which the qualified company provides standard fringe benefits; and (iv) that requires a minimum of either (a) 35 hours of an employee's time per week for the entire normal year of the qualified company's operations, which "normal year" shall consist of at least 48 weeks, or (b) 1,680 hours per year. Seasonal or temporary positions and positions with construction contractors, vendors, suppliers, and similar multiplier or spin-off jobs shall not qualify as new full-time jobs. The Commonwealth may assess compliance with the new full-time job requirements for a qualified company by reference to the new payroll generated by a qualified company if provided for in the memorandum of understanding
Inserts “means a job position for an employee of a qualified company (i) that is principally located at a facility; (ii) for which the average annual wage is at least $81,483, subject to an escalation factor for each year as set forth in the memorandum of understanding; (iii) for which the qualified company provides standard fringe benefits; and (iv) that requires a minimum of either (a) 35 hours of an employee's time per week for the entire normal year of the qualified company's operations, which "normal year" shall consist of at least 48 weeks, or (b) 1,680 hours per year. Seasonal or temporary positions and positions with construction contractors, vendors, suppliers, and similar multiplier or spin-off jobs shall not qualify as new full-time jobs. The Commonwealth may assess compliance with the new full-time job requirements for a qualified company by reference to the new payroll generated by a qualified company if provided for in the memorandum of understanding”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Qualified company"
Inserts “"Qualified company"”.
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59.1-284.46
means a company, including its affiliates, that engages in the manufacture of solid rocket motors and that on and after July 1, 2025, but before July 1, 2045, is expected to (i) make a capital investment of at least $537,570,000 and (ii) create and maintain at least 1,546 new full-time jobs
Inserts “means a company, including its affiliates, that engages in the manufacture of solid rocket motors and that on and after July 1, 2025, but before July 1, 2045, is expected to (i) make a capital investment of at least $537,570,000 and (ii) create and maintain at least 1,546 new full-time jobs”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
"Secretary" means the Secretary of Commerce and Trade or
Inserts “"Secretary" means the Secretary of Commerce and Trade or”.
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59.1-284.46
the Secretary's
Inserts “the Secretary's”.
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59.1-284.46
designee.
Inserts “designee.”.
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59.1-284.46
"VEDP" means the Virginia Economic Development Partnership Authority.
Inserts “"VEDP" means the Virginia Economic Development Partnership Authority.”.
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59.1-284.46
B.
Inserts “B.”.
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59.1-284.46
There is hereby created in the state treasury a special nonreverting fund to be known as the Solid Rocket Motor Manufacturing Grant Fund. The Fund shall be established on the books of the Comptroller. All funds appropriated to the Fund shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used to pay grants pursuant to this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller pursuant to subsection F
Inserts “There is hereby created in the state treasury a special nonreverting fund to be known as the Solid Rocket Motor Manufacturing Grant Fund. The Fund shall be established on the books of the Comptroller. All funds appropriated to the Fund shall be paid into the state treasury and credited to the Fund. Interest earned on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. Moneys in the Fund shall be used to pay grants pursuant to this chapter. Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller pursuant to subsection F”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
C.
Inserts “C.”.
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59.1-284.46
A qualified company shall be eligible to receive grants each fiscal year expected to begin with the Commonwealth's fiscal year starting on July 1, 2027, and ending with the Commonwealth's fiscal year starting on July 1, 2046, unless such timeframe is extended in accordance with a memorandum of understanding. Grants awarded pursuant to this section shall be subject to appropriation by the General Assembly during each such fiscal year and are contingent on a qualified company meeting the requirements set forth in this chapter and in the memorandum of understanding for the number of new full-time jobs created and maintained and the amount of capital investment made
Inserts “A qualified company shall be eligible to receive grants each fiscal year expected to begin with the Commonwealth's fiscal year starting on July 1, 2027, and ending with the Commonwealth's fiscal year starting on July 1, 2046, unless such timeframe is extended in accordance with a memorandum of understanding. Grants awarded pursuant to this section shall be subject to appropriation by the General Assembly during each such fiscal year and are contingent on a qualified company meeting the requirements set forth in this chapter and in the memorandum of understanding for the number of new full-time jobs created and maintained and the amount of capital investment made”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
D.
Inserts “D.”.
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59.1-284.46
The aggregate amount of grants payable under this section shall not exceed $97,723,000. In any fiscal year, the aggregate amount of grants payable under this section shall not exceed $6,000,000. Grants are anticipated to be paid in 20 annual fiscal year installments, calculated in accordance with the terms of a memorandum of understanding. In no event shall grants be paid from the Fund for more than 20 consecutive years. Any grants not earned by the end of a 20-year payment period shall be forfeited
Inserts “The aggregate amount of grants payable under this section shall not exceed $97,723,000. In any fiscal year, the aggregate amount of grants payable under this section shall not exceed $6,000,000. Grants are anticipated to be paid in 20 annual fiscal year installments, calculated in accordance with the terms of a memorandum of understanding. In no event shall grants be paid from the Fund for more than 20 consecutive years. Any grants not earned by the end of a 20-year payment period shall be forfeited”.
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59.1-284.46
.
Inserts “.”.
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59.1-284.46
E.
Inserts “E.”.
Action History
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Acts of Assembly Chapter text (CHAP0324)
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Approved by Governor-Chapter 324 (effective 7/1/2026)
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Governor's Action Deadline 11:59 p.m., April 13, 2026
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H Enrolled Bill communicated to Governor on March 31, 2026
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H Signed by Speaker
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H Fiscal Impact Statement from Department of Planning and Budget (HB1530)
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S Signed by President
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H Bill text as passed House and Senate (HB1530ER)
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H Enrolled
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S Passed Senate Block Vote (40-Y 0-N 0-A)
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S Reconsideration of Senate passage agreed to by Senate (40-Y 0-N 0-A)
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S Passed Senate Block Vote (39-Y 0-N 0-A)
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S Read third time
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S Passed by for the day (Voice Vote)
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S Constitutional reading dispensed (on 2nd reading) (37-Y 0-N 0-A)
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S Rules suspended
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S Reported from Finance and Appropriations (14-Y 0-N)
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S Referred to Committee on Finance and Appropriations
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S Constitutional reading dispensed (on 1st reading)
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H Read third time and passed House (96-Y 2-N 0-A)
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H Read second time and engrossed
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H Read first time
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H Fiscal Impact statement From DPB (3/2/2026 2:05 pm)
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H Reported from Appropriations (22-Y 0-N)
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H Placed on Appropriations Agenda
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H Assigned HAPP sub: Commerce Agriculture & Natural Resources
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H Referred to Committee on Appropriations
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H Introduced at the request of Governor
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H Presented and ordered printed 26108045D
Sponsors
- Luke E. Torian · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 2 voted No
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Elizabeth B. Bennett-Parker | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jennifer D. Carroll Foy | — | Yea |
| Jeremy S. McPike | — | Yea |
| Kannan Srinivasan | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luther Cifers, III | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| Michael J. Jones | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Elizabeth B. Bennett-Parker | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jennifer D. Carroll Foy | — | Yea |
| Jeremy S. McPike | — | Yea |
| Kannan Srinivasan | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luther Cifers, III | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| Michael J. Jones | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 37 | 0 | 0 | 3 |
| Total | 37 | 0 | 0 | 3 |
| % of votes cast | 93% | 0% | 0% | 8% |
How each member voted (40)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 14 | 0 | 0 | 1 |
| Total | 14 | 0 | 0 | 1 |
| % of votes cast | 93% | 0% | 0% | 7% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Barbara A. Favola | — | Yea |
| Bryce E. Reeves | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jeremy S. McPike | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Not Voting |
| Ryan T. McDougle | — | Yea |
| Scott A. Surovell | — | Yea |
| Todd E. Pillion | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 96 | 2 | 0 | 1 |
| Total | 96 | 2 | 0 | 1 |
| % of votes cast | 97% | 2% | 0% | 1% |
How each member voted (99)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 0 | 0 | 0 |
| Total | 22 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Alex Q. Askew | — | Yea |
| Amy J. Laufer | — | Yea |
| Betsy B. Carr | — | Yea |
| Bill Wiley | — | Yea |
| Briana D. Sewell | — | Yea |
| C.E. Cliff Hayes, Jr. | — | Yea |
| Charniele L. Herring | — | Yea |
| David A. Reid | — | Yea |
| Delores L. McQuinn | — | Yea |
| Ellen H. McLaughlin | — | Yea |
| James W. Morefield | — | Yea |
| Joshua E. Thomas | — | Yea |
| Kathy K.L. Tran | — | Yea |
| Luke E. Torian | — | Yea |
| M. Keith Hodges | — | Yea |
| Marcia S. "Cia" Price | — | Yea |
| Paul E. Krizek | — | Yea |
| Robert S. Bloxom, Jr. | — | Yea |
| Rodney T. Willett | — | Yea |
| Scott A. Wyatt | — | Yea |
| Shelly A. Simonds | — | Yea |
| Terry L. Austin | — | Yea |
Subjects
Frequently asked questions
- What does HB1530 do?
- Transformer Manufacturing Expansion Grant Fund; created.
- Who sponsors HB1530?
- HB1530 is sponsored by Luke E. Torian.
- What is the current status of HB1530?
- This bill has been enacted into law. Introduced February 24, 2026. Enacted.
- Where can I track HB1530?
- Track HB1530 free on One Click Politics — get push/email alerts when it moves.
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