|A sign welcomes visitors to the twin cities of Bristol, Virginia and Bristol, Tennessee. (Photo credit: Wikipedia)|
New law is McAuliffe’s first introduced legislation
Governor Terry McAuliffe today signed the first bill he introduced as Governor, Senate Bill 673, legislation that allows the City of Bristol to use sales tax revenues to help finance qualifying projects. Without this important legislation, The Falls development in Bristol, Virginia, and its associated jobs, local investment, and planned regional impact would be in jeopardy.
“This legislation will help keep an important retail economic development project on track that could bring thousands of jobs to Bristol and Southwest Virginia,” said Governor McAuliffe. “Virginians send leaders to Richmond to work together and get things done, and this legislation is proof that we are capable of doing just that. I want to thank Senator Philip Puckett for his leadership on this important bill to help generate new economic activity in a region that truly needs it.”
Today Governor McAuliffe also signed House Bill 628, introduced by Delegate Terry Kilgore, gives counties the powers create hospital authorities. In the wake of the devastating closing of Lee Regional Hospital, this legislation will allow Lee County to form a hospital authority.