GOVERNOR'S VETO

Pursuant to Article V, Section 6 of the Constitution of Virginia, I veto Senate Bill 729, which establishes the Virginia Clean Energy Innovation Bank.

While I agree with the underlying purpose behind the legislation, regrettably, the General Assembly did not adopt my recommendations which would have allowed the opportunity for conflicts between the entity created by this legislation and existing programs at the Virginia Department of Energy to be resolved.

Accordingly, I veto this bill.

GOVERNOR'S RECOMMENDATION

1. After line 288, enrolled

insert

3. That the provisions of this act shall not become effective unless reenacted by the 2025 Session of the General Assembly.