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2020 SESSION
SB 783 Carbon market participation; submerged aquatic vegetation.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Department of Environmental Quality; carbon market participation. Authorizes the Department of Environmental Quality to participate in any carbon market for which submerged aquatic vegetation restoration qualifies as an activity that generates carbon offset credits and to enter into agreements necessary to effect such participation, including with private entities for assistance with registration and sale of offset credits. The bill requires any revenue resulting from the sale of such credits to be used to implement additional submerged aquatic vegetation monitoring, restoration, and research or to cover any administrative costs of participation in the credit market. The bill also requires the Department to hold exclusive title to credits until sold.
FULL TEXT
- 01/08/20 Senate: Prefiled and ordered printed; offered 01/08/20 20103471D pdf | impact statement
- 02/04/20 Senate: Committee substitute printed 20107667D-S1 pdf | impact statement
- 03/02/20 Senate: Bill text as passed Senate and House (SB783ER) pdf | impact statement
- 04/07/20 Governor: Acts of Assembly Chapter text (CHAP0810) pdf
HISTORY
- 01/08/20 Senate: Prefiled and ordered printed; offered 01/08/20 20103471D
- 01/08/20 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 02/04/20 Senate: Committee substitute printed 20107667D-S1
- 02/04/20 Senate: Reported from Agriculture, Conservation and Natural Resources with substitute (15-Y 0-N)
- 02/04/20 Senate: Rereferred to Finance and Appropriations
- 02/06/20 Senate: Reported from Finance and Appropriations (16-Y 0-N)
- 02/10/20 Senate: Constitutional reading dispensed (36-Y 0-N)
- 02/11/20 Senate: Read second time
- 02/11/20 Senate: Reading of substitute waived
- 02/11/20 Senate: Committee substitute agreed to 20107667D-S1
- 02/11/20 Senate: Engrossed by Senate - committee substitute SB783S1
- 02/11/20 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/11/20 Senate: Passed Senate (39-Y 0-N)
- 02/11/20 Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
- 02/11/20 Senate: Passed Senate (40-Y 0-N)
- 02/14/20 House: Placed on Calendar
- 02/14/20 House: Read first time
- 02/14/20 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/14/20 House: Assigned ACNR sub: Chesapeake
- 02/17/20 House: Subcommittee recommends reporting (6-Y 1-N)
- 02/19/20 House: Reported from Agriculture, Chesapeake and Natural Resources (17-Y 5-N)
- 02/21/20 House: Read second time
- 02/24/20 House: Passed by for the day
- 02/25/20 House: Read third time
- 02/25/20 House: Passed House (74-Y 25-N)
- 02/25/20 House: VOTE: Passage (74-Y 25-N)
- 03/02/20 Senate: Enrolled
- 03/02/20 Senate: Bill text as passed Senate and House (SB783ER)
- 03/02/20 House: Signed by Speaker
- 03/03/20 Senate: Signed by President
- 03/12/20 Senate: Enrolled Bill Communicated to Governor on March 12, 2020
- 03/12/20 Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 04/07/20 Governor: Approved by Governor-Chapter 810 (effective 7/1/20)
- 04/07/20 Governor: Acts of Assembly Chapter text (CHAP0810)