VA SB729 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Vetoed on May 17 2024 - 100% progression
Action: 2024-05-17 - Governor: Vetoed by Governor
Text: Latest bill text (Enrolled) [HTML]
Status: Vetoed on May 17 2024 - 100% progression
Action: 2024-05-17 - Governor: Vetoed by Governor
Text: Latest bill text (Enrolled) [HTML]
Summary
Virginia Clean Energy Innovation Bank; established; report. Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. The Bank is governed by a 12-member Board of Directors, consisting of nine nonlegislative citizen members and three ex officio members with voting privileges, who include the Director of the Department of Energy, the Chief Executive Officer of the Virginia Economic Development Partnership Authority, and the State Treasurer or their designees. The bill provides that the nonlegislative citizen members are to be appointed as follows: four members by the Senate Committee on Rules, four members by the Speaker of the House of Delegates, and one member by the Governor, each of whom are required to have expertise in real estate, finance, or project development or legal expertise in zero-emission or low-emission energy generation, infrastructure, transportation, agriculture, storm water management, or housing. The bill contains provisions for (i) the appointment of a president and the hiring of staff, (ii) the powers and duties of the Bank, (iii) lending practices, (iv) a strategic plan, (v) an investment strategy, (vi) public outreach requirements, (vii) audits, (viii) exemptions from taxes and from personnel and procurement procedures, and (ix) reporting requirements. Virginia Clean Energy Innovation Bank; established; report. Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. The Bank is governed by a 12-member Board of Directors, consisting of nine nonlegislative citizen members and three ex officio members with voting privileges, who include the Director of the Department of Energy, the Chief Executive Officer of the Virginia Economic Development Partnership Authority, and the State Treasurer or their designees. The bill provides that the nonlegislative citizen members are to be appointed as follows: four members by the Senate Committee on Rules, four members by the Speaker of the House of Delegates, and one member by the Governor, each of whom are required to have expertise in real estate, finance, or project development or legal expertise in zero-emission or low-emission energy generation, infrastructure, transportation, agriculture, storm water management, or housing. The bill contains provisions for (i) the appointment of a president and the hiring of staff, (ii) the powers and duties of the Bank, (iii) lending practices, (iv) a strategic plan, (v) an investment strategy, (vi) public outreach requirements, (vii) audits, (viii) exemptions from taxes and from personnel and procurement procedures, and (ix) reporting requirements.
Title
Virginia Clean Energy Innovation Bank; created, report.
Sponsors
Roll Calls
2024-04-17 - Senate - Senate: Senate rejected Governor's recommendation (18-Y 22-N) (Y: 18 N: 22 NV: 0 Abs: 0) [FAIL]
2024-03-09 - House - House: VOTE: Adoption (56-Y 43-N) (Y: 56 N: 43 NV: 0 Abs: 1) [PASS]
2024-03-09 - Senate - Senate: Conference report agreed to by Senate (28-Y 12-N) (Y: 28 N: 12 NV: 0 Abs: 0) [PASS]
2024-03-07 - Senate - Senate: Senate acceded to request (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-07 - Senate - Senate: House amendments rejected by Senate (0-Y 40-N) (Y: 0 N: 40 NV: 0 Abs: 0) [FAIL]
2024-03-04 - House - House: VOTE: Passage (57-Y 40-N) (Y: 57 N: 40 NV: 0 Abs: 3) [PASS]
2024-02-28 - House - House: Reported from Appropriations with amendment(s) (12-Y 10-N) (Y: 12 N: 10 NV: 0 Abs: 0) [PASS]
2024-02-23 - House - House: Reported from Rules (11-Y 6-N) (Y: 11 N: 6 NV: 0 Abs: 1) [PASS]
2024-02-23 - House - House: Subcommittee recommends reporting (5-Y 1-N) (Y: 5 N: 1 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Passed Senate (29-Y 9-N) (Y: 29 N: 9 NV: 0 Abs: 2) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Reported from Finance and Appropriations (11-Y 0-N 4-A) (Y: 11 N: 0 NV: 4 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with substitute (10-Y 5-N) (Y: 10 N: 5 NV: 0 Abs: 0) [PASS]
2024-01-29 - Senate - Senate: Rereferred from Local Government (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-09 - House - House: VOTE: Adoption (56-Y 43-N) (Y: 56 N: 43 NV: 0 Abs: 1) [PASS]
2024-03-09 - Senate - Senate: Conference report agreed to by Senate (28-Y 12-N) (Y: 28 N: 12 NV: 0 Abs: 0) [PASS]
2024-03-07 - Senate - Senate: Senate acceded to request (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-03-07 - Senate - Senate: House amendments rejected by Senate (0-Y 40-N) (Y: 0 N: 40 NV: 0 Abs: 0) [FAIL]
2024-03-04 - House - House: VOTE: Passage (57-Y 40-N) (Y: 57 N: 40 NV: 0 Abs: 3) [PASS]
2024-02-28 - House - House: Reported from Appropriations with amendment(s) (12-Y 10-N) (Y: 12 N: 10 NV: 0 Abs: 0) [PASS]
2024-02-23 - House - House: Reported from Rules (11-Y 6-N) (Y: 11 N: 6 NV: 0 Abs: 1) [PASS]
2024-02-23 - House - House: Subcommittee recommends reporting (5-Y 1-N) (Y: 5 N: 1 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Passed Senate (29-Y 9-N) (Y: 29 N: 9 NV: 0 Abs: 2) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Reported from Finance and Appropriations (11-Y 0-N 4-A) (Y: 11 N: 0 NV: 4 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with substitute (10-Y 5-N) (Y: 10 N: 5 NV: 0 Abs: 0) [PASS]
2024-01-29 - Senate - Senate: Rereferred from Local Government (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-17 | Governor: Vetoed by Governor | |
| 2024-04-17 | Governor: Governor's Action Deadline 11:59 p.m., May 17, 2024 | |
| 2024-04-17 | Senate | Communicated to Governor |
| 2024-04-17 | Senate | Senate rejected Governor's recommendation (18-Y 22-N) |
| 2024-04-08 | Senate | Governor's recommendation received by Senate |
| 2024-03-27 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-27 | Senate | Enrolled Bill Communicated to Governor on March 27, 2024 |
| 2024-03-26 | House | Signed by Speaker |
| 2024-03-25 | Senate | Signed by President |
| 2024-03-25 | Senate | Bill text as passed Senate and House (SB729ER) |
| 2024-03-25 | Senate | Enrolled |
| 2024-03-09 | House | VOTE: Adoption (56-Y 43-N) |
| 2024-03-09 | House | Conference report agreed to by House (56-Y 43-N) |
| 2024-03-09 | Senate | Conference report agreed to by Senate (28-Y 12-N) |
| 2024-03-09 | Senate | Conference substitute printed 24109184D-S2 |
| 2024-03-09 | Conference: Amended by conference committee | |
| 2024-03-07 | House | Delegates: Lopez, Willett, Obenshain |
| 2024-03-07 | House | Conferees appointed by House |
| 2024-03-07 | Senate | Senators: Surovell, McPike, Hackworth |
| 2024-03-07 | Senate | Conferees appointed by Senate |
| 2024-03-07 | Senate | Senate acceded to request (40-Y 0-N) |
| 2024-03-07 | House | House requested conference committee |
| 2024-03-07 | House | House insisted on amendments |
| 2024-03-07 | Senate | House amendments rejected by Senate (0-Y 40-N) |
| 2024-03-06 | Senate | Passed by for the day |
| 2024-03-05 | Senate | Passed by for the day |
| 2024-03-04 | House | VOTE: Passage (57-Y 40-N) |
| 2024-03-04 | House | Passed House with amendments (57-Y 40-N) |
| 2024-03-04 | House | Engrossed by House as amended |
| 2024-03-04 | House | Committee amendments agreed to |
| 2024-03-04 | House | Read third time |
| 2024-03-01 | House | Read second time |
| 2024-02-28 | House | Reported from Appropriations with amendment(s) (12-Y 10-N) |
| 2024-02-23 | House | Referred to Committee on Appropriations |
| 2024-02-23 | House | Reported from Rules (11-Y 6-N) |
| 2024-02-23 | House | Subcommittee recommends referring to Committee on Appropriations |
| 2024-02-23 | House | Subcommittee recommends reporting (5-Y 1-N) |
| 2024-02-22 | House | Assigned Rules sub: Studies Subcommittee |
| 2024-02-16 | House | Referred to Committee on Rules |
| 2024-02-16 | House | Read first time |
| 2024-02-16 | House | Placed on Calendar |
| 2024-02-13 | Senate | Passed Senate (29-Y 9-N) |
| 2024-02-13 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-13 | Senate | Engrossed by Senate - committee substitute SB729S1 |
| 2024-02-13 | Senate | Committee substitute agreed to 24107051D-S1 |
| 2024-02-13 | Senate | Reading of substitute waived |
| 2024-02-13 | Senate | Read second time |
| 2024-02-12 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-12 | Senate | Reported from Finance and Appropriations (11-Y 0-N 4-A) |
| 2024-02-05 | Senate | Rereferred to Finance and Appropriations |
| 2024-02-05 | Senate | Committee substitute printed 24107051D-S1 |
| 2024-02-05 | Senate | Reported from Commerce and Labor with substitute (10-Y 5-N) |
| 2024-01-29 | Senate | Rereferred to Commerce and Labor |
| 2024-01-29 | Senate | Rereferred from Local Government (14-Y 0-N) |
| 2024-01-19 | Senate | Referred to Committee on Local Government |
| 2024-01-19 | Senate | Presented and ordered printed 24104393D |
