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SB 836

Virginia - Session 2026

Senate enrolled 2026-03-31
Bill Details

Title: Transformer Manufacturing Expansion Grant Fund; established.

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.

Sponsor
Lucas
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-24 Introduced Bill introduced
2026-03-31 Status enrolled
2026-03-31 Latest Action Governor's Action Deadline 11:59 p.m., April 13, 2026
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