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2015 SESSION
HB 2205 Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established.
Introduced by: Ronald A. Villanueva | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established. Requires the Governor to join the Regional Greenhouse Gas Initiative that established a regional CO2 electric power sector cap and trade program and establishes the Commonwealth Resilience Fund, a revolving fund to serve as a consistent revenue stream to assist counties, cities, and towns in the Hampton Roads region with the implementation of adaptation efforts to combat sea level rise and recurrent flooding. The bill also provides economic development assistance for families, businesses, and localities in Southwest Virginia to offset negative economic impacts associated with reduced fossil fuel production.
FULL TEXT
HISTORY
- 01/15/15 House: Presented and ordered printed 15103469D
- 01/15/15 House: Referred to Committee on Commerce and Labor
- 01/20/15 House: Assigned C & L sub: Special Subcommittee on Energy
- 02/03/15 House: Subcommittee recommends laying on the table by voice vote
- 02/10/15 House: Left in Commerce and Labor