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]
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.
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]
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
Date | Chamber | Action |
---|---|---|
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)