McAuliffe vetoes development fund ethics bill

RICHMOND, Va. (AP) — Gov. Terry McAuliffe is vetoing a bill that would have prevented him or his political action committee from raising money from companies seeking loans or grants from a state economic development fund.

McAuliffe’s veto was made public Friday.

The bill passed with unanimous support from both chambers of the General Assembly. It would have limited donations from companies seeking money from the Governor’s Development Opportunity Fund, a $35 million pot the governor can use to help attract businesses to Virginia.

McAuliffe’s veto came after he unsuccessfully tried to amend the bill to include the same fundraising restrictions on state lawmakers.

One of the bill’s sponsors, Republican Del. James LeMunyon of Fairfax County, said he plans to reintroduce the bill next year.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s