Virginia Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Virginia 1995 Virginia Economic Development Partnership / Agency C. 638 Va. Code Ann. § 2.2-2235-2239 THE VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP, HEREINAFTER REFERRED TO AS THE AUTHORITY, IS CREATED AS A BODY CORPORATE AND POLITICAL SUBDIVISION AND AS SUCH SHALL HAVE, AND IS HEREBY VESTED WITH, THE POWERS AND DUTIES HEREINAFTER CONFERRED IN THIS CHAPTER.

IT SHALL ALSO BE THE DUTY OF THE AUTHORITY TO: <A]

[A> 1. ASSIST IN THE DEVELOPMENT OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR THE COMMONWEALTH, STARTING THE FIRST YEAR OF EACH NEW GUBERNATORIAL ADMINISTRATION, CONSISTENT WITH THE PROVISIONS OF CHAPTER 5.9 (SECTION 2.1-51.38 ET SEQ.) OF TITLE 2.1; <A]

[A> 2. REPORT ANNUALLY TO THE GOVERNOR ON THE STATUS OF THE IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY AND RECOMMEND LEGISLATIVE AND EXECUTIVE ACTIONS RELATED TO THE IMPLEMENTATION OF THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY

> THE ACCOUNTS AND RECORDS OF THE AUTHORITY SHOWING THE RECEIPT AND DISBURSEMENT OF FUNDS FROM WHATEVER SOURCE DERIVED SHALL BE IN SUCH FORM AS THE AUDITOR OF PUBLIC ACCOUNTS PRESCRIBES. THE AUDITOR OF PUBLIC ACCOUNTS OF THE COMMONWEALTH, AND HIS LEGALLY AUTHORIZED REPRESENTATIVES, SHALL ANNUALLY EXAMINE THE ACCOUNTS AND BOOKS OF THE AUTHORITY. THE AUTHORITY SHALL SUBMIT AN ANNUAL REPORT TO THE GOVERNOR AND GENERAL ASSEMBLY ON OR BEFORE NOVEMBER 1 OF EACH YEAR, BEGINNING IN 1996. SUCH REPORT SHALL CONTAIN THE AUDITED ANNUAL FINANCIAL STATEMENTS OF THE AUTHORITY FOR THE YEAR ENDING THE PREVIOUS JUNE 30. THE ANNUAL REPORT SHALL BE DISTRIBUTED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 2.1-467. THE AUTHORITY SHALL SUBMIT A DETAILED ANNUAL OPERATIONAL PLAN AND BUDGET TO THE SECRETARY OF COMMERCE AND TRADE AND THE DIRECTOR OF THE DEPARTMENT OF PLANNING AND BUDGET BY NOVEMBER 1, BEGINNING IN 1996. NOTWITHSTANDING OTHER PROVISIONS OF THIS ACT, THE FORM AND CONTENT OF THE OPERATING PLAN AND BUDGET SHALL BE DETERMINED BY THE DIRECTOR OF THE DEPARTMENT OF PLANNING AND BUDGET AND SHALL INCLUDE INFORMATION ON SALARIES, EXPENDITURES, INDEBTEDNESS AND OTHER INFORMATION AS SHALL BE DETERMINED BY THE DIRECTOR OF PLANNING AND BUDGET		 N N Y
Virginia 1995 Virginia Enterprise Zone Real Property Investment Grant c. 792 Va. Code Ann. § 59.1-280.1, -282.2 [A> B. THE DEPARTMENT SHALL PERIODICALLY REVIEW THE EFFECTIVENESS OF STATE AND LOCAL INCENTIVES IN INCREASING INVESTMENT AND EMPLOYMENT IN EACH ENTERPRISE ZONE, AND SHALL ANNUALLY REPORT ITS FINDINGS TO THE SENATE FINANCE COMMITTEE, THE SENATE COMMITTEE ON COMMERCE AND LABOR, THE HOUSE FINANCE COMMITTEE, AND THE HOUSE COMMITTEE ON LABOR AND COMMERCE. IF NO BUSINESS FIRMS IN AN ENTERPRISE ZONE HAVE QUALIFIED FOR BENEFITS PROVIDED PURSUANT TO THIS CHAPTER WITHIN A FIVE-YEAR PERIOD, THE DEPARTMENT SHALL TERMINATE THAT ENTERPRISE ZONE DESIGNATION. <A Y N Y
Virginia 1996 Governor's Closing Fund / Governor's Opportunity Fund / Commonwealth Development Opportunity Fund cc. 590, 598, 859 Va. Code Ann. § 2.2-115, Va. Code Ann. § 2.2-2240, Va. Code Ann. § 2.2-2242 Relateds to the Economic Development Contingency Fund. Overview: "There is hereby created a Governor's Economic Development Contingency Fund to be used in the discretion of the Governor to attract economic development prospects and secure the expansion of existing industry." Law stated that "The Governor shall report quarterly on the uses of the fund to the Chairmen of the House Appropriations and Senate Finance Committees."

Also a "Governor's Development Closing Fund," which is described as: " There is hereby created a Governor's Development Closing Fund to be used, in the sole discretion of the Governor, to attract economic development prospects and secure the expansion of existing industry in the Commonwealth." Reporting: "In each case where the Governor chooses to use any funds, the Governor shall report the following: the dollars provided from the fund; the economic impact of the facility to the region; projected employment, payroll and related benefits to the region; and the estimated impact on state and local revenues. The Governor shall submit such report quarterly to the Chairmen of the House Appropriations and Senate Finance Committees."

Also provisions for "Nonstock corporation to assist economic development" - with reporting requirements as follows: "The Board shall require any such corporation to report to it [A> AT LEAST <A] annually on its activities."
Bill 598 changed the name from Department of Economic Development to the Virginina Economic Development Partnership.
Bill 859 added the "Governor's Development Opportunity Fund" and repealed other sections. " THERE IS HEREBY CREATED THE GOVERNOR'S DEVELOPMENT OPPORTUNITY FUND (THE "FUND") TO BE USED BY THE GOVERNOR TO ATTRACT ECONOMIC DEVELOPMENT PROSPECTS AND SECURE THE EXPANSION OF EXISTING INDUSTRY IN THE COMMONWEALTH. THE FUND SHALL CONSIST OF ANY FUNDS APPROPRIATED TO IT BY THE GENERAL APPROPRIATION ACT AND REVENUE FROM ANY OTHER SOURCE, PUBLIC OR PRIVATE. THE FUND SHALL BE ESTABLISHED ON THE BOOKS OF THE COMPTROLLER, AND ANY FUNDS REMAINING IN THE FUND AT THE END OF A BIENNIUM SHALL NOT REVERT TO THE GENERAL FUND BUT SHALL REMAIN IN THE FUND. INTEREST EARNED ON THE FUND SHALL BE CREDITED TO THE FUND. THE GOVERNOR SHALL REPORT TO THE CHAIRMEN OF THE HOUSE APPROPRIATIONS, HOUSE FINANCE, AND SENATE FINANCE COMMITTEES AS FUNDS ARE AWARDED HEREUNDER" ". NO GRANT OR LOAN SHALL BE AWARDED FROM THE FUND UNLESS THE PROJECT INVOLVES A MINIMUM PRIVATE INVESTMENT OF $ 10,000,000 AND CREATES 100 JOBS. IN LOCALITIES WITH A POPULATION BETWEEN 50,000 AND 100,000, THE MINIMUM PRIVATE INVESTMENT SHALL BE $ 5,000,000, CREATING 50 JOBS. IN LOCALITIES WITH A POPULATION OF 50,000 OR LESS, THE MINIMUM PRIVATE INVESTMENT SHALL BE $ 2,500,000, CREATING 25 JOBS."

"WITHIN THIRTY DAYS OF EACH SIX-MONTH PERIOD ENDING JUNE 30 AND DECEMBER 30, THE GOVERNOR SHALL PROVIDE A REPORT TO THE CHAIRMEN OF THE HOUSE APPROPRIATIONS, HOUSE FINANCE, AND SENATE FINANCE COMMITTEES WHICH SHALL INCLUDE, BUT IS NOT LIMITED TO, THE FOLLOWING INFORMATION: THE NAME OF THE COMPANY AND THE TYPE OF BUSINESS IT ENGAGES IN; THE LOCATION (COUNTY, CITY, OR TOWN) OF THE PROJECT; THE AMOUNT OF THE GRANT OR LOAN MADE OR COMMITTED FROM THE FUND AND THE PURPOSE FOR WHICH IT SHALL BE USED; THE NUMBER OF JOBS CREATED OR PROJECTED TO BE CREATED; THE AMOUNT OF THE COMPANY'S INVESTMENT IN THE PROJECT; AND THE TIMETABLE FOR THE COMPLETION OF THE PROJECT AND JOBS CREATED."		 Y N Y
Virginia 1997 Worker Retraining Credit c. 726 Va. Code Ann. § 58.1-439.6 B. FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY 1, 1999, AN EMPLOYER SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY ARTICLES 2 (SECTION 58.1-320 ET SEQ.), 6 (SECTION 58.1-360 ET SEQ.), AND 10 (SECTION 58.1-400 ET SEQ.) OF CHAPTER 3; CHAPTER 12 (SECTION 58.1-1200 ET SEQ.); ARTICLE 1 (SECTION 58.1-2500 ET SEQ.) OF CHAPTER 25; OR ARTICLE 2 (SECTION 58.1-2620 ET SEQ.) OF CHAPTER 26 OF THIS TITLE IN AN AMOUNT EQUAL TO THIRTY PERCENT OF ALL EXPENDITURES PAID OR INCURRED BY THE EMPLOYER DURING THE TAXABLE YEAR FOR ELIGIBLE WORKER RETRAINING

THE DIRECTOR OF THE DEPARTMENT OF BUSINESS ASSISTANCE SHALL REPORT ANNUALLY TO THE CHAIRMEN OF THE HOUSE FINANCE AND SENATE FINANCE COMMITTEES ON THE STATUS AND IMPLEMENTATION OF THE CREDIT ESTABLISHED BY THIS SECTION, INCLUDING CERTIFICATIONS FOR ELIGIBLE WORKER RETRAINING		 N N Y
Virginia 1999 Virginia Investment Partnership cc. 875, 961 Va. Code Ann. § 2.2-5103 ELIGIBLE MANUFACTURER" MEANS AN EXISTING VIRGINIA MANUFACTURER THAT MAKES A CAPITAL INVESTMENT OF AT LEAST $ 25 MILLION THAT IS ANNOUNCED ON OR AFTER JULY 1, 1998, WHICH INVESTMENT DOES NOT RESULT IN ANY NET REDUCTION IN EMPLOYMENT WITHIN ONE YEAR AFTER THE CAPITAL INVESTMENT HAS BEEN COMPLETED AND VERIFIED.

THE AMOUNT OF THE INVESTMENT PERFORMANCE GRANT THAT AN ELIGIBLE MANUFACTURER SHALL BE ELIGIBLE TO RECEIVE UNDER THIS SECTION SHALL BE DETERMINED BY THE SECRETARY, BASED ON THE RECOMMENDATION OF THE PARTNERSHIP, AND CONTINGENT UPON APPROVAL BY THE GOVERNOR. THE DETERMINATION OF THE APPROPRIATE AMOUNT OF AN INVESTMENT PERFORMANCE GRANT SHALL BE BASED ON THE APPLICATION OF GUIDELINES THAT ESTABLISH CRITERIA FOR CORRELATING THE AMOUNT OF A GRANT TO THE RELATIVE VALUE TO THE COMMONWEALTH OF THE ELIGIBLE INVESTMENT. ANY ELIGIBLE MANUFACTURER SHALL BE ELIGIBLE TO RECEIVE A GRANT FROM THE FUND IN FIVE EQUAL INSTALLMENTS BEGINNING IN THE SIXTH YEAR AFTER THE CAPITAL INVESTMENT IS COMPLETED AND THE PARTNERSHIP HAS VERIFIED THAT THE REQUIREMENTS APPLICABLE TO SUCH GRANT HAVE BEEN SATISFIED.

WITHIN THIRTY DAYS OF EACH CALENDAR QUARTER, THE SECRETARY SHALL PROVIDE A REPORT TO THE CHAIRMEN OF THE HOUSE APPROPRIATIONS AND SENATE FINANCE COMMITTEES WHICH SHALL INCLUDE, BUT IS NOT LIMITED TO, THE FOLLOWING INFORMATION: THE NAME OF THE ELIGIBLE MANUFACTURER DETERMINED TO BE ELIGIBLE FOR A GRANT; THE PRODUCT IT MANUFACTURES; THE LOCALITY OF THE MANUFACTURING FACILITY; THE AMOUNT OF THE GRANT MADE OR COMMITTED FROM THE FUND; THE NUMBER OF NEW JOBS CREATED OR PROJECTED TO BE CREATED; THE AMOUNT OF THE MANUFACTURER'S CAPITAL INVESTMENT; AND THE TIMETABLE FOR THE COMPLETION OF THE CAPITAL INVESTMENT AND NEW JOBS CREATED.		 N N Y
Virginia 2001 Virginia Investment Partnership* c. 844 Va. Code Ann. § 2.2-5103 THERE IS ESTABLISHED A SPECIAL FUND IN THE STATE TREASURY TO BE KNOWN AS THE VIRGINIA INVESTMENT PARTNERSHIP GRANT FUND. THE FUND SHALL CONSIST OF THE MAJOR ELIGIBLE EMPLOYER GRANT SUBFUND AND THE INVESTMENT PERFORMANCE GRANT SUBFUND. EACH SUBFUND SHALL INCLUDE SUCH MONEYS AS MAY BE APPROPRIATED BY THE GENERAL ASSEMBLY AND DESIGNATED FOR THE RESPECTIVE SUBFUND. THE FUND SHALL BE USED SOLELY FOR THE PAYMENT OF INVESTMENT INCENTIVE GRANTS TO EXISTING VIRGINIA MANUFACTURERS PURSUANT TO THIS CHAPTER. THE PARTNERSHIP SHALL ADMINISTER THE VIRGINIA INVESTMENT PARTNERSHIP GRANT FUND. Y N Y
Virginia 1995 Virginia Enterprise Zone Real Property Investment Grant* cc. 863, 884 Va. Code Ann. § 59.1-546, 548 Replaced older statute with improved monitoring: THE DEPARTMENT SHALL REVIEW THE EFFECTIVENESS IN CREATING JOBS AND CAPITAL INVESTMENT AND ACTIVITY OCCURRING WITHIN DESIGNATED ENTERPRISE ZONES AND SHALL ANNUALLY REPORT ITS FINDINGS TO THE SENATE FINANCE COMMITTEE, THE SENATE COMMITTEE ON COMMERCE AND LABOR, THE HOUSE APPROPRIATIONS COMMITTEE, AND THE HOUSE COMMITTEE ON COMMERCE AND LABOR.

D. The accuracy and validity of information on qualified real property investments, permanent full-time positions, wage rates and provision of health benefits provided in such applications are to be attested to by an independent certified public accountant licensed in Virginia through an agreed-upon procedures engagement conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, using procedures provided by the Department. Business firms with base year employment of 100 or fewer permanent full-time positions and that create in a qualification year 25 or fewer grant eligible positions seeking to qualify for Job Creation Grants as provided for in § 59.1-547 shall be exempt from the attestation requirement for that qualification year. The permanent full-time positions, wage rates, and provision of health benefits of such business firms shall be subject to verification by the Department.
E. Applicants for enterprise zone incentive grants under this chapter must have the local zone administrator verify that the location of their business or property is in the enterprise zone using a form supplied by the Department. The local zone administrator shall make this verification in accordance with dates specified by the Department.
F. The Department may at any time review qualified zone businesses and qualified zone investors to assure that information provided in the application process is accurate.		 Y N Y
Virginia 2005 Horse Industry Board c. 497, 588 Va. Code Ann. § 3.2-1304, Va. Code Ann. § 3.2-1703, Va. Code Ann. § 3.2-2104 A> B. THE CHAIRMAN OF THE HORSE INDUSTRY BOARD SHALL MAKE AN ANNUAL REPORT TO THE HORSE INDUSTRY BOARD INCLUDING A STATEMENT OF THE TOTAL RECEIPTS AND DISBURSEMENTS FOR THE YEAR AND SHALL FILE A COPY OF SUCH REPORT WITH THE COMMISSIONER. <A] N N Y
Virginia 2007 R&D Grants c.693 Va. Code Ann. § 2.2-2240.1 The General Assembly may appropriate grants to the Authority for use by a nonprofit, public benefit research institute that (i) conducts research and development for government agencies, commercial businesses, foundations, and other organizations and (ii) commercializes technology. The Board is authorized to make grant payments only to those nonprofit, public benefit research institutes described in subsection A that have entered into a Memorandum of Agreement (MOA) with the Commonwealth. The MOA shall, at a minimum, (i) require the research institute to perform research, development, and commercialization activities that improve society and facilitate economic growth; (ii) require research to be conducted collaboratively with Virginia public and private institutions and that such collaborative research benefit the capabilities, facilities, and staff of all organizations involved; (iii) require the research institute to develop protocols for the commercialization efforts of the institute, including protocols addressing intellectual property rights; (iv) require the Board to evaluate fulfillment of key milestones for the research institute, which shall include but not be limited to milestones relating to job creation, research institute reinvestment goals, research proposals submissions, and royalties, and to annually evaluate the Commonwealth’s investment in the research institute by reporting on the institute’s progress in meeting such milestones; and (v) establish relationships and expectations between the research institutes and public institutions of higher education in the Commonwealth, including opportunities for principal investigators to serve as adjunct faculty and the creation of internships for students and postdoctoral appointees. The Board of any nonprofit, nonstock corporation created under this section shall be established in the executive branch of state government. The records of the corporation, its Board members, and employees that are deemed confidential or proprietary shall be exempt from disclosure pursuant to subdivision 3 of § 2.2-3705.6 of the Virginia Freedom of Information Act (§ 2.2-3700 et seq.). N N Y
Virginia 2008 Cattle Industry Board c. 860 Va. Code Ann. § 3.2-1304, Va. Code Ann. § 3.2-1703, Va. Code Ann. § 3.2-2104 F. AN ANNUAL REPORT SHALL BE MADE BY THE CATTLE INDUSTRY BOARD TO THE COMMISSIONER AND SHALL BE PUBLISHED AS A PUBLIC RECORD TO INCLUDE A STATEMENT ON RECEIPTS AND ITEMIZED DISBURSEMENTS OF THE VIRGINIA CATTLE INDUSTRY FUND.

THE CHAIRMAN OF THE SHEEP INDUSTRY BOARD SHALL MAKE A REPORT AT THE ANNUAL MEETING OF THE SHEEP INDUSTRY BOARD INCLUDING A STATEMENT OF THE TOTAL RECEIPTS AND DISBURSEMENTS FOR THE YEAR, AND SHALL FILE A COPY OF THE REPORT WITH THE COMMISSIONER.		 N N Y
Virginia 2009 Major Employment and Investment Project cc. 246 Va. Code Ann. § 30-309 THE COMMISSION SHALL REPORT ANNUALLY BY THE FIRST DAY OF EACH GENERAL ASSEMBLY REGULAR SESSION ON ALL ENDORSED INCENTIVE PACKAGES. STAFF IDENTIFIED IN SECTION 30-311 SHALL ASSIST THE COMMISSION IN PREPARING SUCH REPORT, WHICH SHALL CONTAIN THE FOLLOWING INFORMATION: (I) THE INDUSTRIAL SECTOR OF THE MEI PROJECT, (II) KNOWN COMPETITOR STATES, (III) EMPLOYMENT CREATION AND CAPITAL INVESTMENT EXPECTATIONS, (IV) ANTICIPATED AVERAGE ANNUAL WAGE OF THE NEW JOBS, (V) LOCAL AND STATE RETURNS ON INVESTMENT AS PREPARED BY THE VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP AUTHORITY, (VI) EXPECTED TIME FRAME FOR REPAYMENT OF THE INCENTIVES TO THE COMMONWEALTH IN THE FORM OF DIRECT AND INDIRECT GENERAL TAX REVENUES, (VII) DETAILS OF THE PROPOSED INCENTIVE PACKAGE, INCLUDING THE BREAKDOWN OF THE COMPONENTS INTO VARIOUS USES AND AN EXPECTED TIMELINE FOR PAYMENTS, AND (VIII) DRAFT LEGISLATION OR AMENDMENTS TO THE APPROPRIATION ACT THAT PROPOSE FINANCING FOR THE ENDORSED INCENTIVE PACKAGE THROUGH THE VIRGINIA PUBLIC BUILDING AUTHORITY AND ANY OTHER PROPOSED FUNDING OR FINANCING MECHANISMS. Y N Y
Virginia 2010 Motion Picture Production Tax Credit cc. 419, 599 Va. Code Ann. § 58.1-439.12:03 THE DEPARTMENT OF TAXATION, IN CONSULTATION WITH THE VIRGINIA FILM OFFICE, MUST PUBLISH BY NOVEMBER 1 OF EACH YEAR FOR THE 12-MONTH PERIOD ENDING THE PRECEDING DECEMBER 31 THE FOLLOWING INFORMATION:
1. LOCATION OF SITES USED IN A PRODUCTION FOR WHICH A CREDIT WAS CLAIMED;
2. QUALIFYING EXPENSES FOR WHICH A CREDIT WAS CLAIMED, CLASSIFIED BY WHETHER THE EXPENSES WERE FOR GOODS, SERVICES, OR COMPENSATION PAID BY THE PRODUCTION COMPANY;
3. NUMBER OF PEOPLE EMPLOYED IN THE COMMONWEALTH WITH RESPECT TO CREDITS CLAIMED; AND
4. TOTAL COST TO THE COMMONWEALTH'S GENERAL FUND OF THE CREDITS CLAIMED.		 Y Y Y
Virginia 2012 Agricultural and Forestry Industries Development Fund c. 466, 622 Va. Code Ann. § 3.2-304, -305, -309 The Governor shall report to the Chairmen of the House Committees on Appropriations and Finance and the Senate Committee on Finance as funds are awarded in accordance with this chapter.

Funds shall be awarded from the Fund by the Governor as grants or loans to political subdivisions. The criteria for making such grants or loans shall include (i) amount of jobs expected to be created, (ii) anticipated amount of private capital investment, (iii) anticipated additional state tax revenue expected to accrue to the state and affected localities as a result of the capital investment and jobs created, (iv) anticipated amount of Virginia-grown agricultural and forestal products used by the project, (v) projected impact on agricultural and forestal producers, (vi) a return on investment analysis to determine the appropriate size of any grant or loan, and (vii) an analysis of the impact on competing businesses already located in the area.

Section 3.2-309. Report submitted to chairmen of legislative committees.

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 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.		 Y N Y
Virginia 2014 Virginia Board of Workforce Development Incentives c. 815 Va. Code Ann. § 2.2-2472, 2.2-2472.2 The Board shall undertake the following actions to implement and foster workforce training and better align education and workforce programs to meet current and projected skills requirements of an increasingly technological, global workforce:

8. Develop WIA incentive grant applications and approve criteria for awarding incentive grants;

13. Provide an annual report to the Governor concerning its actions and determinations under subdivisions 1 through 13;		 Y N Y
Virginia 2015 Virginia Board of Workforce Development Incentives* c. 191, 275, 292, 435, Va. Code Ann. § 2.2-2472, 2.2-2472.2 Annual report by publicly funded career and technical education and workforce development programs; performance on state-level metrics.

Beginning November 1, 2016, and annually thereafter, each agency administering any publicly funded career and technical education and workforce development program shall submit to the Governor and the Virginia Board of Workforce Development a report detailing the program's performance against state-level metrics established by the Virginia Board of Workforce Development and the Chief Workforce Development Advisor.

That on October 1, 2017, the Executive Director of the Virginia Board of Workforce Development shall provide members of the Virginia Board of Workforce Development with a detailed report evaluating the rate of the expenditures for incentives established under subsection C of Section 2.2-2472.2, as created by this act, from July 1, 2015, through July 1, 2017.
 N N Y
Virginia 2015 Tobacco Region Revitalization cc. 399, 433 Va. Code Ann. § 3.2-3103, -3108, -3111 Updates original 1999 law to require reporting:
D. The Commission shall develop a publicly available online database of all Commission awards, listing for each project the project's goals, the means by which the project fits into the Strategic Plan, the project's expected and achieved outcomes, and the total amount of funding the Commission has awarded to the project through any prior grants.		 Y Y Y
Virginia 2016 R&D Tax Credits cc. 433, 300, 661 Va. Code Ann. § 58.1-439.12:08 Tax Commissioner's annual report to the Governor on revenue collections by tax source shall include (i) the total number of applicants approved for tax credits pursuant to this section for the applicable tax year and (ii) the total number of amount of such tax credits approved for the applicable tax year. N N Y
Virginia 2017 Economic Development Partnership / Agency* cc. 804, 824 Va. Code Ann. § 2.2-2235-2239 Augments existing reporting required related to the Virginia Economic Development Partnership

Section 2.2-2237.3. Division of Incentives.
A. Within the Authority shall be created a Division of Incentives that shall be responsible for reviewing, vetting, tracking, and coordinating economic development incentives administered by or through the Authority or economic development incentives offered by the Commonwealth or a locality in conjunction with Authority-administered incentives, including those listed in Section 2.2-206.2.
B. No project that includes an offer of economic development incentives by the Commonwealth, including grants or loans from the Commonwealth's Development Opportunity Fund, shall be approved by the Governor until (i) the Division of Incentives has undertaken appropriate due diligence regarding the proposed project and the Secretary of Commerce and Trade has certified that the proposed incentives to be offered are appropriate based on the investment and job creation anticipated to be generated by the project and (ii) when required by Section 30-310, the MEI Project Approval Commission has reviewed the proposed incentives.
C. Any contract or memorandum of understanding for the award of economic development incentives by the Commonwealth shall set forth the investment and job creation requirements for the payment of the incentive and shall include a stipulation that the business beneficiary of the incentives shall be liable for the repayment of all or a portion of the incentives if the business beneficiary fails to make the required investments or create the required number of jobs. If it is determined that a business beneficiary is liable for the repayment of all or a portion of an economic development incentive awarded by the Board, the Board may direct the Office of the Attorney General to enforce the provisions of the contract or memorandum of understanding regarding the repayment.
D. Notwithstanding any other provision of law, approval of the Board shall be required to grant an extension for an approved project to meet the investment and job creation requirements set forth in the contract or memorandum of understanding. Notwithstanding any other provision of law, approval of both the Board and the MEI Project Approval Commission shall be required to grant any additional extensions.
E. The Division of Incentives shall provide semiannual updates to the Board of the status and progress of investment and job creation requirements for all projects for which economic development incentives have been awarded, until such time as the investment and job creation requirements are met or the incentives are repaid to the Commonwealth. Updates shall be provided more frequently upon the request of the Board, or if deemed necessary by the Division of Incentives.
F. The Board shall establish a subcommittee, consisting of ex officio members of the Board authorized pursuant to Section 60.2-114 and federal law to receive and review employment information received from the Virginia Employment Commission, in order to assist the Division of Incentives with the verification of employment and wage claims of those businesses that have received incentive awards. Such information shall be confidential and shall not be (i) redisclosed to other members of the Board or to the public in accordance with the provisions of subdivision C 2 of Section 60.2-114 or (ii) subject to disclosure under the Virginia Freedom of Information Act (Section 2.2-3700 et seq.).		 N N Y
Virginia 2019 Virginia Major Business Facility Tax Credit c. 699 Va. Code Ann. § 58.1-439.12:08 Revises earlier law (dating back to 1994) to impose reporting requirements: "For taxable years beginning on and after January 1, 2019, and notwithstanding the provisions of § 58.1-3 or any other provision of law, the Department of Taxation, in consultation with the Virginia Economic Development Partnership, shall publish the following information by November 1 of each year for the 12-month period ending on the preceding December 31:
1. The location of sites used for major business facilities for which a credit was claimed;
2. The North American Industry Classification System codes used for the major business facilities for which a credit was claimed;
3. The number of qualified full time employees for whom a credit was claimed; and
4. The total cost to the Commonwealth’s general fund of the credits claimed.
Such information shall be published by the Department, regardless of how few taxpayers claimed the tax credit, in a manner that prevents the identification of particular taxpayers, reports, returns, or items."		 N Y N
Virginia 2020 Commonwealth of Virginia Innovation Partnership Act cc 1164, 1169 Va. Code Ann. § 2.2-2355 It is found and determined by the General Assembly that there exists in the Commonwealth a need to support the life cycle of innovation, from translational research; to entrepreneurship; to pre-seed and seed stage funding; and to acceleration, growth, and commercialization, resulting in the creation of new jobs and company formation.
18. Administer grant, loan, and investment programs as authorized by this article. The Authority shall develop guidelines, subject to the approval of the Board, for the application, review, and award of grants, loans, and investments under the provisions of this article. These guidelines shall address, at a minimum, the application process and, where appropriate, shall give special emphasis to fostering collaboration and partnership among institutions of higher education and partnerships between institutions of higher education and business and industry.
20. Report on all investment activities of the Authority, and any entity established by the Authority, including returns on investments, to the Governor and the Chairmen of the House Committee on Appropriations, the House Committee on Communications, Technology and Innovation, the Senate Committee on Finance and Appropriations, and the Senate Committee on General Laws and Technology.
Receive and review annual reports from institutions and facilities regarding the progress of projects funded through the Authority. The Authority shall develop guidelines, methodologies, metrics, and criteria for the reports. The Authority shall aggregate the reports and submit an annual omnibus report on the status of research and development initiatives funded by the Authority in the Commonwealth to the Governor and the Chairmen of the House Committee on Appropriations, the House Committee on Communications, Technology and Innovation, the Senate Committee on Finance and Appropriations, and the Senate Committee on General Laws and Technology.
Report on all investment activities of the Authority, and any entity established by the Authority, including returns on investments, to the Governor and the Chairmen of the House Committee on Appropriations, the House Committee on Communications, Technology and Innovation, the Senate Committee on Finance and Appropriations, and the Senate Committee on General Laws and Technology.		 N N Y
Virginia 2020 Economic Development Partnership / Agency* C.591 Va. Code Ann. § 2.2-2237.1 Extends reporting to additional parties (Governor, Director of the Department on Planning and Budget) N N Y
Virginia 2020 Motion Picture Production Tax Credit* cc. 966, 967 Va. Code Ann. § 58.1-439.12:06 Additional text: 4. The Virginia Tourism Authority shall report to the Tax Commissioner on an annual basis the amount of tax credits that have been authorized for each fiscal year and the amount of tax credits that may be claimed for the current fiscal year by each taxpayer. N N Y