HB 1530 VA Became Law
Transformer Manufacturing Expansion Grant Fund; established.
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Summary
Transformer Manufacturing Expansion Grant Fund. Establishes the Transformer Manufacturing Expansion Grant Fund to provide grant installment awards between July 1, 2027, and July 1, 2041, in an amount not to exceed $5.1 million per fiscal year and in an aggregate amount not to exceed $60 million, to a qualified company that (i) engages in the manufacture of electrical transformers, (ii) executes a memorandum of understanding with the Commonwealth, and (iii) is expected to make a capital investment of at least $301 million and create and maintain at least 1,185 new full-time jobs. This bill is identical to SB 836.
Sponsor (1)
- Luke E. Torian Democratic · primary
Action history (28)
- Feb 24, 2026 Presented and ordered printed 26108045D · 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 2:05 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 (HB1530ER) · lower
- Mar 30, 2026 Signed by President · upper
- Mar 31, 2026 Fiscal Impact Statement from Department of Planning and Budget (HB1530) · 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 324 (effective 7/1/2026) · executive
- Apr 6, 2026 Acts of Assembly Chapter text (CHAP0324) · executive
Text versions (7)
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