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2018 SESSION

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SB 780 Hydroelectric plant; revenue sharing agreement among certain localities.

Introduced by: A. Benton "Ben" Chafin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Hydroelectric plant revenue sharing agreement among certain localities. Requires the Counties of Buchanan, Dickenson, Lee, Russell, Scott, Tazewell, and Wise and the City of Norton to enter into a perpetual revenue sharing agreement regarding a certain electric storage or generation facility to be located in one of these localities. The measure establishes the percentage of the revenue to be allocated to each locality and provides that the host locality shall receive an additional share of six percent of the revenue. Any direct costs of infrastructure improvements incurred by the host locality for purposes of the facility will be allocated among the localities in the same proportion as the revenues from the facility. This bill is identical to HB 1555.

FULL TEXT

• 01/11/18  Senate: Prefiled and ordered printed; offered 01/10/18 18104617D  pdf | impact statement
• 02/05/18  Senate: Committee substitute printed 18106147D-S1  pdf
• 02/22/18  Senate: Bill text as passed Senate and House (SB780ER)  pdf
• 03/05/18  Governor: Acts of Assembly Chapter text (CHAP0206)  pdf

HISTORY

• 01/11/18  Senate: Prefiled and ordered printed; offered 01/10/18 18104617D
• 01/11/18  Senate: Referred to Committee on Commerce and Labor
• 02/05/18  Senate: Reported from Commerce and Labor with substitute (11-Y 0-N)
• 02/05/18  Senate: Committee substitute printed 18106147D-S1
• 02/07/18  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/08/18  Senate: Read second time
• 02/08/18  Senate: Reading of substitute waived
• 02/08/18  Senate: Committee substitute agreed to 18106147D-S1
• 02/08/18  Senate: Engrossed by Senate - committee substitute SB780S1
• 02/09/18  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/14/18  House: Placed on Calendar
• 02/14/18  House: Read first time
• 02/14/18  House: Referred to Committee on Commerce and Labor
• 02/15/18  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/19/18  House: Read second time
• 02/20/18  House: Read third time
• 02/20/18  House: Passed House BLOCK VOTE (100-Y 0-N)
• 02/20/18  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/22/18  Senate: Enrolled
• 02/22/18  Senate: Bill text as passed Senate and House (SB780ER)
• 02/22/18  House: Signed by Speaker
• 02/23/18  Senate: Signed by President
• 02/26/18  Senate: Enrolled Bill Communicated to Governor on February 26, 2018
• 02/26/18  Governor: Governor's Action Deadline Midnight, March 5, 2018
• 03/05/18  Governor: Approved by Governor-Chapter 206 (effective 7/1/18)
• 03/05/18  Governor: Acts of Assembly Chapter text (CHAP0206)