VA SB1471 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 17 2017 - 25% progression, died in chamber
Action: 2017-02-02 - Failed to report (defeated) in Agriculture, Conservation and Natural Resources (7-Y 8-N)
Text: Latest bill text (Introduced) [HTML]

Summary

Virginia Alternative Energy and Coastal Protection Act. Requires the Governor to seek to join the Regional Greenhouse Gas Initiative or other carbon trading program with an open auction of carbon allowances. The Department of Environmental Quality is directed to establish a carbon dioxide cap and trade program to reduce emissions released by electric generation stations. The revenues from the sale of carbon allowances are to be deposited in the Virginia Shoreline Resiliency Fund, a revolving fund established in 2016 for the purposes of mitigating future flood damage and creating a low-interest loan program to help residents and businesses that are subject to recurrent flooding.

Tracking Information

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Title

Virginia Alternative Energy and Coastal Protection Act; established, report.

Sponsors


Roll Calls


History

DateChamberAction
2017-02-02SenateFailed to report (defeated) in Agriculture, Conservation and Natural Resources (7-Y 8-N)
2017-01-17SenateReferred to Committee on Agriculture, Conservation and Natural Resources
2017-01-17SenatePresented and ordered printed 17104118D

Subjects


Virginia State Sources


Bill Comments

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