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2020 SESSION
SB 1027 Clean Energy and Community Flood Preparedness Act; definitions, funds, report.
Introduced by: Lynwood W. Lewis, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Clean Energy and Community Flood Preparedness Act; fund. Directs the Department of Environmental Quality to incorporate into regulations previously adopted by the State Air Pollution Control Board certain provisions establishing a carbon dioxide cap and trade program to reduce emissions released by electric generation facilities. Such provisions are required to comply with the Regional Greenhouse Gas Initiative model rule. The bill authorizes the Director of the Department of Environmental Quality to establish, implement, and manage an auction program to sell allowances into a market-based trading program. The bill requires revenues from the sale of carbon allowances, to the extent permitted by Article X, Section 7 of the Constitution of Virginia, to be deposited in an interest-bearing account and to be distributed without further appropriation (i) to the Virginia Community Flood Preparedness Fund; (ii) to the Department of Housing and Community Development for low-income energy efficiency programs; (iii) for administrative expenses; and (iv) to the Department of Housing and Community Development in partnership with the Department of Mines, Minerals and Energy to administer and implement low-income energy efficiency programs. The bill continues the Virginia Shoreline Resiliency Fund as the Virginia Community Flood Preparedness Fund for the purpose of creating a low-interest loan program to help inland and coastal communities that are subject to recurrent or repetitive flooding. The bill authorizes the Authority to pledge the assets of the Fund as security for any bonds issued to finance flood prevention or protection projects and directs the Authority to manage the Fund in accordance with a memorandum of agreement with the Department. The bill also authorizes any locality using moneys in the Fund to provide a loan for a project in a low-income geographic area to forgive the principal of such loan, with the obligation of the locality to repay the loan remaining in effect. The bill provides that if the Governor seeks to include the Commonwealth as a full participant in the Regional Greenhouse Gas Initiative, the regulations shall require that certain purchasers be responsible for obtaining allowances under certain agreements. The measure authorizes the costs of allowances to be recovered by Phase I and Phase II Utilities from ratepayers. This bill is identical to HB 981.
FULL TEXT
- 01/16/20 Senate: Presented and ordered printed 20105571D pdf
- 01/17/20 Senate: Introduced bill reprinted 20105571D pdf
- 02/04/20 Senate: Committee substitute printed 20107677D-S1 pdf
- 02/20/20 House: Committee substitute printed 20108808D-H1 pdf | impact statement
- 03/04/20 Senate: Bill text as passed Senate and House (SB1027ER) pdf | impact statement
- 04/22/20 Senate: Reenrolled bill text (SB1027ER2) pdf
- 04/22/20 Governor: Acts of Assembly Chapter text (CHAP1280) pdf
AMENDMENTS
- House committee, floor amendments and substitutes offered
- Senate amendments not adopted
- Governor's recommendation
HISTORY
- 01/16/20 Senate: Presented and ordered printed 20105571D
- 01/16/20 Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 01/17/20 Senate: Introduced bill reprinted 20105571D
- 02/04/20 Senate: Committee substitute printed 20107677D-S1
- 02/04/20 Senate: Reported from Agriculture, Conservation and Natural Resources with substitute (8-Y 7-N)
- 02/04/20 Senate: Rereferred to Finance and Appropriations
- 02/06/20 Senate: Reported from Finance and Appropriations (12-Y 4-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 20107677D-S1
- 02/11/20 Senate: Reading of amendments waived
- 02/11/20 Senate: Amendments by Senator McDougle rejected (19-Y 21-N)
- 02/11/20 Senate: Engrossed by Senate - committee substitute SB1027S1
- 02/11/20 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/11/20 Senate: Passed Senate (22-Y 18-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
- 02/19/20 House: Referred from Agriculture, Chesapeake and Natural Resources by voice vote
- 02/19/20 House: Referred to Committee on Labor and Commerce
- 02/20/20 House: Reported from Labor and Commerce with substitute (13-Y 9-N)
- 02/20/20 House: Referred to Committee on Appropriations
- 02/20/20 House: Committee substitute printed 20108808D-H1
- 02/21/20 House: Reported from Appropriations (13-Y 9-N)
- 02/25/20 House: Read second time
- 02/26/20 House: Read third time
- 02/26/20 House: Committee substitute agreed to 20108808D-H1
- 02/26/20 House: Engrossed by House - committee substitute SB1027H1
- 02/26/20 House: Passed House with substitute (51-Y 47-N)
- 02/26/20 House: VOTE: Passage (51-Y 47-N)
- 02/26/20 Senate: House substitute agreed to by Senate (23-Y 17-N)
- 02/26/20 Senate: Title replaced 20108808D-H1
- 03/04/20 Senate: Enrolled
- 03/04/20 Senate: Bill text as passed Senate and House (SB1027ER)
- 03/05/20 Senate: Signed by President
- 03/06/20 House: Signed by Speaker
- 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
- 04/11/20 Senate: Governor's recommendation received by Senate
- 04/22/20 Senate: Senate concurred in Governor's recommendation (23-Y 17-N)
- 04/22/20 House: House concurred in Governor's recommendation (47-Y 45-N)
- 04/22/20 House: VOTE: (47-Y 45-N)
- 04/22/20 Governor: Governor's recommendation adopted
- 04/22/20 Senate: Reenrolled
- 04/22/20 Senate: Reenrolled bill text (SB1027ER2)
- 04/22/20 Senate: Signed by President as reenrolled
- 04/22/20 House: Signed by Speaker as reenrolled
- 04/22/20 House: Enacted, Chapter 1280 (effective 7/1/20)
- 04/22/20 Governor: Acts of Assembly Chapter text (CHAP1280)