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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
HB 626 Air emission credits.
Introduced by: Eric I. Cantor | all patrons ... notes | add to my profiles
SUMMARY:
Air emission credits. Requires the Air Pollution Control Board to promulgate regulations establishing a voluntary air emissions banking and trading program. In developing the regulations the Air Pollution Control Board is to consider (i) the definition and use of emission credits from both mobile and stationary sources, (ii) the role of offsets, (iii) regional emissions trading, and (iv) a mechanism which will facilitate voluntary trading and banking. The bill allows the direct trading of emissions credits between private industries. The program's goals are to (i) reduce air emissions, (ii) create an economic incentive for reducing emissions, and (iii) allow for continued economic growth through credits. Under the federal Clean Air Act, existing sources desiring to expand operations, and new sources wishing to relocate in Virginia, must offset emissions of nitrogen oxides and volatile organic compounds at ratios exceeding one-to-one. The emissions reduction credits trading program which would be established will assist these sources in meeting the offset requirements of the federal act. In addition, under such a program, industries in attainment areas may choose to avail themselves of the available credits so as to minimize the particular facility's impact on the environment. Such a trading system could result in an expedited permitting process.
FULL TEXT
- 01/25/94 House: Presented and ordered printed pdf
- 02/04/94 House: Printed as engrossed LD1112146 (HB626E) pdf
- 03/07/94 House: Bill text as passed House and Senate (HB626ER) pdf
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0204) pdf
AMENDMENTS
HISTORY
- 01/25/94 House: Presented and ordered printed
- 01/25/94 House: Referred to Committee on Conservation and Natural Resources
- 02/02/94 House: Reported from Cons. & Natural Resources (18-Y 3-N)
- 02/03/94 House: Read first time
- 02/04/94 House: Read second time
- 02/04/94 House: Amendments by Del. Cantor agreed to
- 02/04/94 House: Engrossed by House as amended
- 02/04/94 House: Printed as engrossed LD1112146 (HB626E)
- 02/07/94 House: Read third time and passed House (91-Y 8-N)
- 02/07/94 House: VOTE: PASSAGE (91-Y 8-N)
- 02/07/94 House: Communicated to Senate
- 02/08/94 Senate: Read first time
- 02/08/94 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 02/21/94 Senate: Reported from A. C. & N. R. w/amds. (14-Y 0-N)
- 02/22/94 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/22/94 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/23/94 Senate: Read third time
- 02/23/94 Senate: Reading of amendments waived
- 02/23/94 Senate: Committee amendments agreed to
- 02/23/94 Senate: Engrossed by Senate as amended
- 02/23/94 Senate: Passed Senate with amendments (38-Y 0-Y)
- 02/23/94 Senate: VOTE: PASSAGE (38-Y 0-N)
- 02/24/94 House: Placed on Calendar
- 02/25/94 House: Senate amendments agreed to by House (94-Y 0-N)
- 02/25/94 House: VOTE: ADOPTION (94-Y 0-N)
- 03/07/94 House: Bill text as passed House and Senate (HB626ER)
- 03/11/94 House: Enrolled
- 03/11/94 House: Signed by Speaker
- 03/12/94 Senate: Signed by President
- 04/02/94 Governor: Approved by Governor-Chapter 204 (effective 7/1/94)
- 04/05/94 Governor: Acts of Assembly Chapter text (CHAP0204)