VA HB1152 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2020 - 25% progression, died in chamber
Action: 2020-02-04 - Incorporated by Labor and Commerce
Text: Latest bill text (Prefiled) [HTML]
Status: Introduced on January 7 2020 - 25% progression, died in chamber
Action: 2020-02-04 - Incorporated by Labor and Commerce
Text: Latest bill text (Prefiled) [HTML]
Summary
Regional Greenhouse Gas Initiative; Energy Efficiency Fund. Directs the Department of Environmental Quality (DEQ) to implement the final carbon trading regulation as approved by the Air Pollution Control Board providing for the establishment of a carbon dioxide cap and trade program. The measure directs the Commonwealth to become a member of the Regional Greenhouse Gas Initiative (RGGI). Pursuant to the Commonwealth's participation in the RGGI program, the Department shall seek to sell 100 percent of all allowances issued each year through the allowance auction. The measure authorizes the Director of the DEQ to establish, implement, and manage an auction program to sell allowances into a market-based trading program consistent with the RGGI program. The measure establishes the Energy Efficiency Fund and requires that all proceeds received from the sale of allowances conducted through the RGGI program be paid into the state treasury and credited to the Fund. Not less than 50 percent of the proceeds received from the sale of allowances shall be credited to an account to support energy efficiency programs, with at least 20 percent of the proceeds being directed to low-income energy efficiency programs. Not more than three percent of the proceeds shall be used to cover reasonable administrative expenses. The remaining funds will revert to the general fund.
Title
Carbon dioxide cap and trade program; establishes program, etc.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-02-04 | House | Incorporated by Labor and Commerce |
2020-01-30 | House | Subcommittee recommends incorporating (HB981-Herring) by voice vote |
2020-01-28 | House | Assigned L & C sub: Subcommittee #3 |
2020-01-22 | House | Referred to Committee on Labor and Commerce |
2020-01-22 | House | Referred from Agriculture, Chesapeake and Natural Resources by voice vote |
2020-01-14 | House | Assigned ACNR sub: Chesapeake |
2020-01-07 | House | Referred to Committee on Agriculture, Chesapeake and Natural Resources |
2020-01-07 | House | Prefiled and ordered printed; offered 01/08/20 20101672D |
Same As/Similar To
HB981 (Similar To) 2020-04-22 - Governor: Acts of Assembly Chapter text (CHAP1219)
Code Citations
Virginia State Sources
Type | Source |
---|---|
Summary | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB1152 |
Text | https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB1152+hil |