SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2012 SESSION
HB 211 Forward energy pricing; authorizes any public body to use mechanisms for budget risk reduction.
Introduced by: Jackson H. Miller | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Procurement; forward energy pricing. Authorizes, subject to available appropriation, any public body to use forward pricing mechanisms for budget risk reduction. Forward pricing mechanisms are contracts or financial instruments that obligate the public body to buy or sell a specified quantity of energy at a future date at a set price or provide the option to buy or sell the contract or financial instrument. Forward pricing mechanism transactions may be made only if (i) the quantity of energy affected by the mechanism does not exceed the estimated energy use for the public body for the same period, (ii) the period of the mechanism does not exceed 48 months, (iii) a separate account is established for operational energy for the public body, (iv) the public body develops written policies and procedures, and (v) the public body establishes an oversight process. This bill is identical to SB 539.
FULL TEXT
- 01/09/12 House: Prefiled and ordered printed; offered 01/11/12 12101172D pdf | impact statement
- 02/13/12 House: Printed as engrossed 12101172D-E pdf | impact statement
- 03/07/12 House: Bill text as passed House and Senate (HB211ER) pdf | impact statement
- 03/23/12 Governor: Acts of Assembly Chapter text (CHAP0359) pdf
AMENDMENTS
HISTORY
- 01/09/12 House: Prefiled and ordered printed; offered 01/11/12 12101172D
- 01/09/12 House: Referred to Committee on General Laws
- 01/27/12 House: Assigned GL sub: #2 FOIA/Procurement
- 02/09/12 House: Subcommittee recommends reporting with amendment(s) (5-Y 1-N)
- 02/09/12 House: Reported from General Laws with amendments (20-Y 0-N)
- 02/12/12 House: Read first time
- 02/13/12 House: Read second time
- 02/13/12 House: Committee amendments agreed to
- 02/13/12 House: Engrossed by House as amended HB211E
- 02/13/12 House: Printed as engrossed 12101172D-E
- 02/14/12 House: Read third time and passed House (98-Y 1-N 1-A)
- 02/14/12 House: VOTE: PASSAGE (98-Y 1-N 1-A)
- 02/15/12 Senate: Constitutional reading dispensed
- 02/15/12 Senate: Referred to Committee on General Laws and Technology
- 02/27/12 Senate: Reported from General Laws and Technology (12-Y 0-N)
- 02/29/12 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/01/12 Senate: Read third time
- 03/01/12 Senate: Passed Senate (40-Y 0-N)
- 03/01/12 Senate: Reconsideration of Senate passage agreed to by Senate (39-Y 0-N)
- 03/01/12 Senate: Passed Senate (39-Y 0-N)
- 03/07/12 House: Enrolled
- 03/07/12 House: Bill text as passed House and Senate (HB211ER)
- 03/07/12 House: Signed by Speaker
- 03/08/12 Senate: Signed by President
- 03/23/12 Governor: Approved by Governor-Chapter 359 (effective 7/1/12)
- 03/23/12 Governor: Acts of Assembly Chapter text (CHAP0359)