VA HB211 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 23 2012 - 100% progression
Action: 2012-03-23 - Governor: Acts of Assembly Chapter text (CHAP0359)
Text: Latest bill text (Chaptered) [HTML]

Summary

Procurement; forward energy pricing. Authorizes, subject to available appropriation, any public body to use forward pricing mechanisms for budget risk reduction. Forward pricing mechanisms are contracts or financial instruments that obligate the public body to buy or sell a specified quantity of energy at a future date at a set price or provide the option to buy or sell the contract or financial instrument. Forward pricing mechanism transactions may be made only if (i) the quantity of energy affected by the mechanism does not exceed the estimated energy use for the public body for the same period, (ii) the period of the mechanism does not exceed 48 months, (iii) a separate account is established for operational energy for the public body, (iv) the public body develops written policies and procedures, and (v) the public body establishes an oversight process.

Tracking Information

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Title

Forward energy pricing; authorizes any public body to use mechanisms for budget risk reduction.

Sponsors


Roll Calls

2012-03-01 - Senate - Senate: Passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2012-03-01 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-29 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-27 - Senate - Senate: Reported from General Laws and Technology (12-Y 0-N) (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2012-02-14 - House - House: VOTE: PASSAGE (98-Y 1-N 1-A) (Y: 100 N: 1 NV: 0 Abs: 1) [PASS]
2012-02-09 - House - House: Reported from General Laws with amendments (20-Y 0-N) (Y: 20 N: 0 NV: 1 Abs: 1) [PASS]
2012-02-09 - House - House: Subcommittee recommends reporting with amendment(s) (5-Y 1-N) (Y: 5 N: 1 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2012-03-23 Governor: Acts of Assembly Chapter text (CHAP0359)
2012-03-23 Governor: Approved by Governor-Chapter 359 (effective 7/1/12)
2012-03-08 Senate: Signed by President
2012-03-07 House: Signed by Speaker
2012-03-07 House: Bill text as passed House and Senate (HB211ER)
2012-03-07 House: Enrolled
2012-03-01 Senate: Passed Senate (39-Y 0-N)
2012-03-01 Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
2012-03-01 Senate: Passed Senate (40-Y 0-N)
2012-03-01 Senate: Read third time
2012-02-29 Senate: Constitutional reading dispensed (40-Y 0-N)
2012-02-27 Senate: Reported from General Laws and Technology (12-Y 0-N)
2012-02-15 Senate: Referred to Committee on General Laws and Technology
2012-02-15 Senate: Constitutional reading dispensed
2012-02-14 House: VOTE: PASSAGE (98-Y 1-N 1-A)
2012-02-14 House: Read third time and passed House (98-Y 1-N 1-A)
2012-02-13 House: Printed as engrossed 12101172D-E
2012-02-13 House: Engrossed by House as amended HB211E
2012-02-13 House: Committee amendments agreed to
2012-02-13 House: Read second time
2012-02-12 House: Read first time
2012-02-09 House: Reported from General Laws with amendments (20-Y 0-N)
2012-02-09 House: Subcommittee recommends reporting with amendment(s) (5-Y 1-N)
2012-01-27 House: Assigned GL sub: #2 FOIA/Procurement
2012-01-09 House: Referred to Committee on General Laws
2012-01-09 House: Prefiled and ordered printed; offered 01/11/12 12101172D

Same As/Similar To

SB539 (Same As) 2012-03-08 - Governor: Acts of Assembly Chapter text (CHAP0204)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
224329.1(n/a)See Bill Text

Virginia State Sources

TypeSource
Summaryhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+HB211
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB211+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB211E+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+HB211ER+hil
Texthttps://lis.virginia.gov/cgi-bin/legp604.exe?121+ful+CHAP0359+hil
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H1102V0027+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+H11V0111+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+HV0758+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+S12V0139+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0751HB0211+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0798HB0211+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0820HB0211+HB0211
Roll Callhttps://lis.virginia.gov/cgi-bin/legp604.exe?121+vot+SV0821HB0211+HB0211

Bill Comments

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