SB 527 VA Became Law
Pharmaceutical Substance Manufacturing Grant Fund; created.
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Summary
Pharmaceutical Substance Manufacturing Grant Fund. Establishes the Pharmaceutical Substance Manufacturing Grant Fund to provide grant installment awards between July 1, 2026, and July 1, 2045, in an amount not to exceed $34 million per fiscal year and in an aggregate amount not to exceed $191,255,000, to a qualified company that (i) engages in the manufacture of pharmaceutical substances, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $4 billion and create and maintain at least 500 new full-time jobs. This bill is identical to HB 1076.
Sponsor (1)
- R. Creigh Deeds Democratic · primary
Action history (29)
- Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26102905D · upper
- Jan 13, 2026 Referred to Committee on Education and Health · upper
- Jan 22, 2026 Rereferred from Education and Health to Commerce and Labor (14-Y 0-N) · upper
- Jan 23, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB527) · upper
- Feb 2, 2026 Rereferred from Commerce and Labor to Finance and Appropriations (11-Y 0-N) · upper
- Feb 10, 2026 Reported from Finance and Appropriations (14-Y 0-N) · upper
- Feb 11, 2026 Rules suspended · upper
- Feb 11, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
- Feb 11, 2026 Passed by for the day Block Vote (Voice Vote) · upper
- Feb 12, 2026 Read second time · upper
- Feb 12, 2026 Engrossed by Senate (Voice Vote) · upper
- Feb 13, 2026 Read third time and passed Senate (39-Y 0-N 0-A) · upper
- Feb 19, 2026 Placed on Calendar · lower
- Feb 19, 2026 Read first time · lower
- Feb 19, 2026 Referred to Committee on Appropriations · lower
- Feb 19, 2026 Assigned HAPP sub: Commerce Agriculture & Natural Resources · lower
- Feb 25, 2026 Reported from Appropriations (22-Y 0-N) · lower
- Feb 27, 2026 Read second time · lower
- Mar 2, 2026 Moved from Uncontested Calendar to Regular Calendar · lower
- Mar 2, 2026 Read third time · lower
- Mar 2, 2026 Passed House (92-Y 6-N 0-A) · lower
- Mar 5, 2026 Enrolled · upper
- Mar 5, 2026 Bill text as passed Senate and House (SB527ER) · upper
- Mar 5, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB527) · upper
- Mar 5, 2026 Signed by Speaker · lower
- Mar 5, 2026 Signed by President · upper
- Mar 10, 2026 Enrolled Bill communicated to Governor on March 10, 2026 · upper
- Mar 10, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
- Apr 13, 2026 Approved by Governor-Chapter 809 (effective 7/1/2026) · executive
Text versions (4)
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