                                 CODE OF VIRGINIA

REPORT SUBMITTED TO CHAIRMEN OF LEGISLATIVE COMMITTEES (§ 3.2-309)

Within the 30 days immediately following June 30 and December 30 of each year,
the Governor shall provide a report to the Chairmen of the House Committees on
Appropriations and Finance and the Senate Committee on Finance and
Appropriations which shall include the following information regarding each
grant or loan awarded from the Fund during the immediately preceding six-month
period for economic development projects: the name of the company that is the
business beneficiary of the grant and the type of business in which it engages;
the location (county, city, or town) of the project; the amount of the grant
committed from the Fund and the amount of all other funds committed by the
Commonwealth from other sources and the purpose for which such grants or other
funds will be used; the amount of all moneys or funds agreed to be provided by
political subdivisions and the purposes for which they will be used; the number
of new jobs projected to be created by the business beneficiary; the amount of
investment in the project agreed to be made by the business beneficiary; the
minimum purchase agreed to be made of Virginia-grown agricultural and forestal
products; projected impact on agricultural and forestal producers; the timetable
for the completion of the project and new jobs created; the prevailing average
wage; and the average wage (excluding fringe benefits) projected to be paid in
the new jobs.

HISTORY: 2012, cc. 466, 622.