SB 1027

  • Virginia Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Jan 16, 2020
  • Passed Senate Feb 11, 2020
  • Passed House Feb 26, 2020
  • Became Law Apr 22, 2020

Clean Energy and Community Flood Preparedness Act; definitions, funds, report.

Abstract

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 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 also 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 bill authorizes the costs of allowances to be recovered by Phase I and Phase II Utilities from ratepayers and 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. This bill is identical to HB 981.

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 also provides that if the Governor seeks to include the Commonwealth as a full participate in the Regional Greenhouse Gas Initiative, the regulations shall require certain purchasers shall be responsible for obtaining allowances under certain agreements. The bill authorizes the costs of allowances to be recovered by Phase I and Phase II utilities from ratepayers and 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.

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.

Clean Energy and Community Flood PreparednessAct; fund. Directs the Department of Environmental Quality to incorporate into regulations previously adopted by the State AirPollution Control Board certain provisions establishing a carbondioxide cap and trade program to reduce emissions released by electricgeneration facilities. Such provisions are required to comply withthe Regional Greenhouse Gas Initiative model rule. The bill authorizesthe Director of the Department of Environmental Quality to establish,implement, and manage an auction program to sell allowances intoa market-based trading program. The bill requires revenues from thesale of carbon allowances, to the extent permitted by Article X,Section 7 of the Constitution of Virginia, to be deposited in aninterest-bearing account and to be distributed without further appropriation(i) to the Virginia Community Flood Preparedness Fund; (ii) to theDepartment of Mines, Minerals and Energy for low-income energy efficiencyprograms; (iii) for administrative expenses; and (iv) for statewideclimate change planning and mitigation activities. The bill continuesthe Virginia Shoreline Resiliency Fund as the Virginia CommunityFlood Preparedness Fund for the purpose of creating a low-interest loan program to help inland and coastal communities that are subjectto recurrent or repetitive flooding.

Bill Sponsors (2)

Votes


Actions


Apr 22, 2020

Senate

Senate concurred in Governor's recommendation (23-Y 17-N)

House

Enacted, Chapter 1280 (effective 7/1/20)

House

Signed by Speaker as reenrolled

Senate

Signed by President as reenrolled

Senate

Reenrolled bill text (SB1027ER2)

Senate

Reenrolled

Office of the Governor

Governor's recommendation adopted

House

VOTE: (47-Y 45-N)

House

House concurred in Governor's recommendation (47-Y 45-N)

Apr 11, 2020

Senate

Governor's recommendation received by Senate

Mar 12, 2020

Office of the Governor

Governor's Action Deadline 11:59 p.m., April 11, 2020

Senate

Enrolled Bill Communicated to Governor on March 12, 2020

Mar 06, 2020

House

Signed by Speaker

Mar 05, 2020

Senate

Signed by President

Mar 04, 2020

Senate

Impact statement from DPB (SB1027ER)

Senate

Enrolled

Feb 26, 2020

House

Committee substitute agreed to 20108808D-H1

Senate

Title replaced 20108808D-H1

Senate

House substitute agreed to by Senate (23-Y 17-N)

House

VOTE: Passage (51-Y 47-N)

House

Passed House with substitute (51-Y 47-N)

House

Engrossed by House - committee substitute SB1027H1

House

Read third time

Feb 25, 2020

Senate

Impact statement from DPB (SB1027H1)

House

Read second time

Feb 21, 2020

House

Reported from Appropriations (13-Y 9-N)

Feb 20, 2020

House

Committee substitute printed 20108808D-H1

House

Referred to Committee on Appropriations

House

Reported from Labor and Commerce with substitute (13-Y 9-N)

House

House committee, floor amendments and substitutes offered

Feb 19, 2020

House

Referred from Agriculture, Chesapeake and Natural Resources

House

Referred to Committee on Labor and Commerce

Feb 14, 2020

House

Read first time

House

Referred to Committee on Agriculture, Chesapeake and Natural Resources

House

Placed on Calendar

Feb 11, 2020

Senate

Reading of substitute waived

Senate

Passed Senate (22-Y 18-N)

Senate

Constitutional reading dispensed (40-Y 0-N)

Senate

Engrossed by Senate - committee substitute SB1027S1

Senate

Amendments by Senator McDougle rejected (19-Y 21-N)

Senate

Reading of amendments waived

Senate

Committee substitute agreed to 20107677D-S1

Senate

Read second time

Feb 10, 2020

Senate

Constitutional reading dispensed (36-Y 0-N)

Feb 06, 2020

Senate

Reported from Finance and Appropriations (12-Y 4-N)

Feb 04, 2020

Senate

Committee substitute printed 20107677D-S1

Senate

Rereferred to Finance and Appropriations

Senate

Reported from Agriculture, Conservation and Natural Resources with substitite (8-Y 7-N)

Jan 17, 2020

Senate

Introduced bill reprinted 20105571D

Jan 16, 2020

Senate

Referred to Committee on Agriculture, Conservation and Natural Resources

Senate

Presented and ordered printed 20105571D

Bill Text

Bill Text Versions Format
Engrossed by Senate - committee substitute SB1027S1 HTML
Engrossed by Senate - committee substitute SB1027S1 HTML
Impact statement from DPB (SB1027H1) HTML
Bill text as passed Senate and House (SB1027ER) HTML
Reenrolled bill text (SB1027ER2) HTML
Acts of Assembly Chapter text (CHAP1280) HTML

Related Documents

Document Format
Amendment: SB1027ASR HTML
Amendment: SB1027AG HTML

Sources

Data on Open States is updated nightly from the official website of the Virginia General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.