▁the ▁J oint ▁Commission ▁on ▁High er ▁Education . ▁ ▁H B 6 7 2 ▁is ▁an ▁economic ▁development ▁bill ▁introduced ▁in ▁the ▁ 2 0 1 4 ▁Legisl ative ▁Session ▁by ▁De legate ▁Charles ▁Po index ter ▁and ▁Chief ▁Co - Pat ron ed ▁by ▁De legate ▁R ush . ▁Under ▁this ▁legisl ation , ▁if ▁a ▁company ▁creates ▁at ▁least ▁ 2 5 ▁new , ▁permanent , ▁full - time ▁positions ▁within ▁the ▁Commonwealth , ▁that ▁company ▁would ▁be ▁el ig ible ▁for ▁a ▁one ▁time ▁grant ▁of ▁$ 1 , 0 0 0 ▁per ▁position . ▁The ▁per - position ▁fund ▁will ▁grow ▁depending ▁on ▁the ▁amount ▁of ▁new , ▁full - time ▁positions ▁created . ▁For ▁example , ▁if ▁a ▁company ▁re loc ates ▁to ▁Virginia ▁and ▁creates ▁ 1 0 0 ▁new ▁jobs , ▁that ▁company ▁will ▁be ▁el ig ible ▁for ▁$ 3 , 0 0 0 ▁per ▁position , ▁up ▁to ▁a ▁maximum ▁total ▁of ▁$ 5 0 0 , 0 0 0 ▁within ▁a ▁state ▁fis cal ▁year . ▁The ▁bill ▁passed ▁the ▁House ▁and ▁Senate , ▁and ▁was ▁signed ▁by ▁Governor ▁Terry ▁Mc A ul iffe . ▁ ▁H B 1 4 8 5 , ▁which ▁was ▁introduced ▁by ▁R ush ▁and ▁passed ▁during ▁the ▁ 2 0 1 3 ▁Legisl ative ▁Session , ▁is ▁a ▁proposal ▁that ▁would ▁permit ▁the ▁Commission er ▁of ▁the ▁Virginia ▁Department ▁of ▁Motor ▁Ve h icles ▁( DM V ) ▁to ▁post p one ▁exp iration ▁of ▁vehicle