VA HB981 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 7 2020 - 25% progression
Action: 2020-01-22 - Referred to Committee on Labor and Commerce
Pending: House Labor and Commerce Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Clean Energy and Community Flood Preparedness Act; fund. Directs the Department of Environmental Quality to incorporate into regulations previously adopted by the State Air Pollution Control Board certain provisions establishing a carbon dioxide cap and trade program to reduce emissions released by electric generation facilities. Such provisions are required to comply with the Regional Greenhouse Gas Initiative model rule. The bill authorizes the Director of the Department of Environmental Quality to establish, implement, and manage an auction program to sell allowances into a market-based trading program. The bill requires revenues from the sale of carbon allowances, to the extent permitted by Article X, Section 7 of the Constitution of Virginia, to be deposited in an interest-bearing account and to be distributed without further appropriation (i) to the Virginia Community Flood Preparedness Fund, (ii) to the Department of Mines, Minerals and Energy for low-income energy efficiency programs, (iii) for administrative expenses, and (iii) for statewide climate change planning and mitigation activities. The bill continues the Virginia Shoreline Resiliency Fund as the Virginia Community Flood Preparedness Fund for the purpose of creating a low-interest loan program to help inland and coastal communities that are subject to recurrent flooding.

Tracking Information

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Title

Clean Energy and Community Flood Preparedness Act; funds continued.

Sponsors


History

DateChamberAction
2020-01-22HouseReferred to Committee on Labor and Commerce
2020-01-22HouseReferred from Agriculture, Chesapeake and Natural Resources by voice vote
2020-01-14HouseAssigned ACNR sub: Chesapeake
2020-01-07HouseReferred to Committee on Agriculture, Chesapeake and Natural Resources
2020-01-07HousePrefiled and ordered printed; offered 01/08/20 20105070D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1011329(n/a)See Bill Text
1011330(n/a)See Bill Text
101603.24(n/a)See Bill Text
101603.25(n/a)See Bill Text

Virginia State Sources


Bill Comments

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