HB 1531 VA Became Law
Solid Rocket Motor Manufacturing Grant Fund; established.
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Summary
Solid Rocket Motor Manufacturing Grant Fund. Establishes the Solid Rocket Motor Manufacturing Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2046, in an amount not to exceed $6 million per fiscal year and in an aggregate amount not to exceed $97,723,000 to a qualified company that (i) engages in the manufacture of solid rocket motors, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $537,570,000 and create and maintain at least 1,546 new full-time jobs. This bill is identical to SB 835.
Sponsor (1)
- Luke E. Torian Democratic · primary
Action history (28)
- Feb 24, 2026 Presented and ordered printed 26108046D · lower
- Feb 24, 2026 Introduced at the request of Governor · lower
- Feb 24, 2026 Referred to Committee on Appropriations · lower
- Feb 26, 2026 Assigned HAPP sub: Commerce Agriculture & Natural Resources · lower
- Feb 27, 2026 Reported from Appropriations (22-Y 0-N) · lower
- Mar 2, 2026 Fiscal Impact statement From DPB (3/2/2026 2:07 pm) · lower
- Mar 3, 2026 Read first time · lower
- Mar 4, 2026 Read second time and engrossed · lower
- Mar 5, 2026 Read third time and passed House (96-Y 2-N 0-A) · lower
- Mar 6, 2026 Constitutional reading dispensed (on 1st reading) · upper
- Mar 6, 2026 Referred to Committee on Finance and Appropriations · upper
- Mar 9, 2026 Reported from Finance and Appropriations (14-Y 0-N) · upper
- Mar 10, 2026 Rules suspended · upper
- Mar 10, 2026 Constitutional reading dispensed (on 2nd reading) (37-Y 0-N 0-A) · upper
- Mar 10, 2026 Passed by for the day (Voice Vote) · upper
- Mar 11, 2026 Read third time · upper
- Mar 11, 2026 Passed Senate Block Vote (39-Y 0-N 0-A) · upper
- Mar 11, 2026 Reconsideration of Senate passage agreed to by Senate (40-Y 0-N 0-A) · upper
- Mar 11, 2026 Passed Senate Block Vote (40-Y 0-N 0-A) · upper
- Mar 30, 2026 Enrolled · lower
- Mar 30, 2026 Bill text as passed House and Senate (HB1531ER) · lower
- Mar 30, 2026 Signed by President · upper
- Mar 31, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1531) · lower
- Mar 31, 2026 Signed by Speaker · lower
- Mar 31, 2026 Enrolled Bill communicated to Governor on March 31, 2026 · lower
- Mar 31, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
- Apr 6, 2026 Approved by Governor-Chapter 326 (effective 7/1/2026) · executive
- Apr 6, 2026 Acts of Assembly Chapter text (CHAP0326) · executive
Text versions (7)
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