{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2764.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2764.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2764.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2764.html"}],"law_id":71857,"edition_id":1,"section_id":71857,"structure_id":15829,"section_number":"2.2-2764","catch_line":"Review by MEI Commission","history":"2023, c. 779.","full_text":"A\n\n1. Before entering into an agreement to acquire, option, or develop any site, the Authority and the Department shall jointly submit a proposal detailing their plans for acquisition and development to the Commission. The Commission shall review such proposal and determine whether the plan is consistent with the objective described in \u00a7 2.2-2763, addresses a demonstrated need of the Commonwealth, and was approved by the Governor after a recommendation from the Department pursuant to \u00a7 2.2-1149. If the Commission finds that the proposal meets such objective, addresses such need, and was approved pursuant to \u00a7 2.2-1149, the Commission shall certify the proposal. If the Commission finds that such proposal does not meet the objective of the Program, does not address such need, or was not approved pursuant to \u00a7 2.2-1149, (i) the Commission shall communicate its findings to the Governor and to the General Assembly and (ii) the Authority shall not implement the proposal unless the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law.2\n\nBefore entering into any project development agreement, the Authority shall submit a proposal detailing such agreement to the Commission. The Commission shall review such proposal and determine whether the proposal is consistent with the objective described in § 2.2-2763. If the Commission finds that the proposal meets such objective, the Commission shall certify the proposal. If the Commission finds that such proposal does not meet the objective of the Program, (i) the Commission shall communicate its findings to the Governor and to the General Assembly and (ii) the Authority shall not implement the proposal unless either (a) the Authority resubmits a revised proposal to the Commission and receives a favorable recommendation or (b) the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law.B\n\nThe Authority shall submit the guidelines, procedures, and objective criteria required by subsection C of § 2.2-2761, and any subsequent changes to such policies, to the Commission. The Commission may provide feedback on such guidelines, procedures, and objective criteria and recommend proposed changes to the Authority.C\n\nNotwithstanding the provisions of subsection B of § 30-310, an affirmative vote by a simple majority of the legislative members of the Commission shall be sufficient to render a decision of the Commission for purposes of subsection A or B.D\n\nA project development agreement subject to review pursuant to this section shall also be subject to review pursuant to Chapter 47 (§ 30-309 et seq.) of Title 30 if the project development agreement provides incentives that exceed the review thresholds prescribed by that chapter. The value of any property sold, leased, transferred, or otherwise provided to a private employer at below fair market value as part of a project development agreement shall be included in calculating the amount of incentives for purposes of review under Chapter 47 (§ 30-309 et seq.) of Title 30.E\n\nThe chairman of the Commission shall report annually by the first day of each regular session of the General Assembly on all decisions made by the Commission in the previous year.","order_by":null,"text":{"0":{"id":258887,"text":"1. Before entering into an agreement to acquire, option, or develop any site, the Authority and the Department shall jointly submit a proposal detailing their plans for acquisition and development to the Commission. The Commission shall review such proposal and determine whether the plan is consistent with the objective described in \u00a7 2.2-2763, addresses a demonstrated need of the Commonwealth, and was approved by the Governor after a recommendation from the Department pursuant to \u00a7 2.2-1149. If the Commission finds that the proposal meets such objective, addresses such need, and was approved pursuant to \u00a7 2.2-1149, the Commission shall certify the proposal. If the Commission finds that such proposal does not meet the objective of the Program, does not address such need, or was not approved pursuant to \u00a7 2.2-1149, (i) the Commission shall communicate its findings to the Governor and to the General Assembly and (ii) the Authority shall not implement the proposal unless the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A2"},"1":{"id":258888,"text":"Before entering into any project development agreement, the Authority shall submit a proposal detailing such agreement to the Commission. The Commission shall review such proposal and determine whether the proposal is consistent with the objective described in § 2.2-2763. If the Commission finds that the proposal meets such objective, the Commission shall certify the proposal. If the Commission finds that such proposal does not meet the objective of the Program, (i) the Commission shall communicate its findings to the Governor and to the General Assembly and (ii) the Authority shall not implement the proposal unless either (a) the Authority resubmits a revised proposal to the Commission and receives a favorable recommendation or (b) the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A","next_prefix":"B"},"2":{"id":258889,"text":"The Authority shall submit the guidelines, procedures, and objective criteria required by subsection C of § 2.2-2761, and any subsequent changes to such policies, to the Commission. The Commission may provide feedback on such guidelines, procedures, and objective criteria and recommend proposed changes to the Authority.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"3":{"id":258890,"text":"Notwithstanding the provisions of subsection B of § 30-310, an affirmative vote by a simple majority of the legislative members of the Commission shall be sufficient to render a decision of the Commission for purposes of subsection A or B.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"4":{"id":258891,"text":"A project development agreement subject to review pursuant to this section shall also be subject to review pursuant to Chapter 47 (§ 30-309 et seq.) of Title 30 if the project development agreement provides incentives that exceed the review thresholds prescribed by that chapter. The value of any property sold, leased, transferred, or otherwise provided to a private employer at below fair market value as part of a project development agreement shall be included in calculating the amount of incentives for purposes of review under Chapter 47 (§ 30-309 et seq.) of Title 30.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"5":{"id":258892,"text":"The chairman of the Commission shall report annually by the first day of each regular session of the General Assembly on all decisions made by the Commission in the previous year.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15829,"edition_id":1,"name":"Virginia Business Ready Sites Acquisition Fund and Program","identifier":"27.2","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 04:00:15","date_modified":"2026-06-26 04:00:15","permalink":{"id":175711,"object_type":"structure","relational_id":15829,"identifier":"27.2","token":"2.2\/I\/D\/27.2","url":"\/2.2\/I\/D\/27.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61078,"structure_id":15829,"section_number":"2.2-2760","catch_line":"Definitions","url":"\/2.2-2760\/","token":"2.2\/I\/D\/27.2\/2.2-2760","metadata":false},{"id":73377,"structure_id":15829,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","url":"\/2.2-2761\/","token":"2.2\/I\/D\/27.2\/2.2-2761","metadata":false},{"id":74183,"structure_id":15829,"section_number":"2.2-2762","catch_line":"Virginia Business Ready Sites Acquisition Fund","url":"\/2.2-2762\/","token":"2.2\/I\/D\/27.2\/2.2-2762","metadata":false},{"id":84105,"structure_id":15829,"section_number":"2.2-2763","catch_line":"Objective of the Program","url":"\/2.2-2763\/","token":"2.2\/I\/D\/27.2\/2.2-2763","metadata":false},{"id":71857,"structure_id":15829,"section_number":"2.2-2764","catch_line":"Review by MEI Commission","url":"\/2.2-2764\/","token":"2.2\/I\/D\/27.2\/2.2-2764","metadata":false}],"previous_section":{"id":84105,"structure_id":15829,"section_number":"2.2-2763","catch_line":"Objective of the Program","url":"\/2.2-2763\/","token":"2.2\/I\/D\/27.2\/2.2-2763","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2764\/","history_text":"

This law was first created in 2023. The record of its establishment is cataloged in chapter 779<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":73377,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","order_by":null,"url":"\/2.2-2761\/"}],"refers_to":[{"id":75383,"section_number":"2.2-1149","catch_line":"Department to review proposed acquisitions of real property; approval by the Governor; exceptions","order_by":null,"url":"\/2.2-1149\/"},{"id":73377,"section_number":"2.2-2761","catch_line":"Virginia Business Ready Sites Acquisition Program","order_by":null,"url":"\/2.2-2761\/"},{"id":84105,"section_number":"2.2-2763","catch_line":"Objective of the Program","order_by":null,"url":"\/2.2-2763\/"},{"id":54670,"section_number":"30-309","catch_line":"MEI Project Approval Commission; membership; terms; compensation and expenses; definition","order_by":null,"url":"\/30-309\/"},{"id":77955,"section_number":"30-310","catch_line":"Review of incentive packages","order_by":null,"url":"\/30-310\/"}],"permalink":{"id":175729,"object_type":"law","relational_id":71857,"identifier":"2.2-2764","token":"2.2\/I\/D\/27.2\/2.2-2764","url":"\/2.2-2764\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2764\/","token":"2.2\/I\/D\/27.2\/2.2-2764","dublin_core":{"Title":"Review by MEI Commission","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2764","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> 1. Before entering into an agreement to acquire, option, or develop any site, the Authority<\/span> and the Department<\/span> shall jointly submit a proposal detailing their plans for acquisition and development<\/span> to the Commission<\/span>. The Commission<\/span> shall review such proposal and determine whether the plan is consistent with the objective described in \u00a7 2.2-2763<\/a>, addresses a demonstrated need of the Commonwealth, and was approved by the Governor after a recommendation from the Department<\/span> pursuant to \u00a7 2.2-1149<\/a>. If the Commission<\/span> finds that the proposal meets such objective, addresses such need, and was approved pursuant to \u00a7 2.2-1149<\/a>, the Commission<\/span> shall certify the proposal. If the Commission<\/span> finds that such proposal does not meet the objective of the Program<\/span>, does not address such need, or was not approved pursuant to \u00a7 2.2-1149<\/a>, (i) the Commission<\/span> shall communicate its findings<\/span> to the Governor and to the General Assembly and (ii) the Authority<\/span> shall not implement the proposal unless the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Before entering into any project development agreement<\/span>, the Authority<\/span> shall submit a proposal detailing such agreement to the Commission<\/span>. The Commission<\/span> shall review such proposal and determine whether the proposal is consistent with the objective described in § 2.2-2763<\/a>. If the Commission<\/span> finds that the proposal meets such objective, the Commission<\/span> shall certify the proposal. If the Commission<\/span> finds that such proposal does not meet the objective of the Program<\/span>, (i) the Commission<\/span> shall communicate its findings<\/span> to the Governor and to the General Assembly and (ii) the Authority<\/span> shall not implement the proposal unless either (a) the Authority<\/span> resubmits a revised proposal to the Commission<\/span> and receives a favorable recommendation or (b) the proposal, either in its original or revised form, is authorized by the General Assembly at its next session and enacted into law<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Authority<\/span> shall submit the guidelines, procedures, and objective criteria required by subsection C of § 2.2-2761<\/a>, and any subsequent changes to such policies, to the Commission<\/span>. The Commission<\/span> may provide feedback on such guidelines, procedures, and objective criteria and recommend proposed changes to the Authority<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Notwithstanding the provisions of subsection B of § 30-310<\/a>, an affirmative vote by a simple majority of the legislative members of the Commission<\/span> shall be sufficient to render a decision of the Commission<\/span> for purposes of subsection A or B. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A project development agreement<\/span> subject to review pursuant to this section shall also be subject to review pursuant to Chapter 47 (§ 30-309<\/a> et seq.) of Title 30 if the project development agreement<\/span> provides incentives that exceed the review thresholds prescribed by that chapter. The value of any property sold, leased, transferred, or otherwise provided to a private employer at below fair market value as part of a project development agreement<\/span> shall be included in calculating the amount of incentives for purposes of review under Chapter 47 (§ 30-309<\/a> et seq.) of Title 30. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> The chairman of the Commission<\/span> shall report annually by the first day of each regular session of the General Assembly on all decisions made by the Commission<\/span> in the previous year. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nREVIEW BY MEI COMMISSION (\u00a7 2.2-2764)\n\nA. 1. Before entering into an agreement to acquire, option, or develop any site,\nthe Authority and the Department shall jointly submit a proposal detailing their\nplans for acquisition and development to the Commission. The Commission shall\nreview such proposal and determine whether the plan is consistent with the\nobjective described in \u00a7 2.2-2763, addresses a demonstrated need of the\nCommonwealth, and was approved by the Governor after a recommendation from the\nDepartment pursuant to \u00a7 2.2-1149. If the Commission finds that the proposal\nmeets such objective, addresses such need, and was approved pursuant to \u00a7\n2.2-1149, the Commission shall certify the proposal. If the Commission finds\nthat such proposal does not meet the objective of the Program, does not address\nsuch need, or was not approved pursuant to \u00a7 2.2-1149, (i) the Commission shall\ncommunicate its findings to the Governor and to the General Assembly and (ii)\nthe Authority shall not implement the proposal unless the proposal, either in\nits original or revised form, is authorized by the General Assembly at its next\nsession and enacted into law.\n\n 2. Before entering into any project development agreement, the Authority shall\n submit a proposal detailing such agreement to the Commission. The Commission\n shall review such proposal and determine whether the proposal is consistent\n with the objective described in § 2.2-2763. If the Commission finds that\n the proposal meets such objective, the Commission shall certify the proposal.\n If the Commission finds that such proposal does not meet the objective of the\n Program, (i) the Commission shall communicate its findings to the Governor and\n to the General Assembly and (ii) the Authority shall not implement the\n proposal unless either (a) the Authority resubmits a revised proposal to the\n Commission and receives a favorable recommendation or (b) the proposal, either\n in its original or revised form, is authorized by the General Assembly at its\n next session and enacted into law.\n\nB. The Authority shall submit the guidelines, procedures, and objective criteria\nrequired by subsection C of § 2.2-2761, and any subsequent changes to such\npolicies, to the Commission. The Commission may provide feedback on such\nguidelines, procedures, and objective criteria and recommend proposed changes to\nthe Authority.\n\nC. Notwithstanding the provisions of subsection B of § 30-310, an\naffirmative vote by a simple majority of the legislative members of the\nCommission shall be sufficient to render a decision of the Commission for\npurposes of subsection A or B.\n\nD. A project development agreement subject to review pursuant to this section\nshall also be subject to review pursuant to Chapter 47 (§ 30-309 et seq.)\nof Title 30 if the project development agreement provides incentives that exceed\nthe review thresholds prescribed by that chapter. The value of any property\nsold, leased, transferred, or otherwise provided to a private employer at below\nfair market value as part of a project development agreement shall be included\nin calculating the amount of incentives for purposes of review under Chapter 47\n(§ 30-309 et seq.) of Title 30.\n\nE. The chairman of the Commission shall report annually by the first day of each\nregular session of the General Assembly on all decisions made by the Commission\nin the previous year.\n\nHISTORY: 2023, c. 779.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}