SB729
Virginia Clean Energy Innovation Bank; created, report.
Summary
As Passed Both Chambers. Virginia Clean Energy Innovation Bank; established; report.
Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. The Bank is governed by a 12-member Board of Directors, ... (More) consisting of nine nonlegislative citizen members and three ex officio members with voting privileges, who include the Director of the Department of Energy, the Chief Executive Officer of the Virginia Economic Development Partnership Authority, and the State Treasurer or their designees. The bill provides that the nonlegislative citizen members are to be appointed as follows: four members by the Senate Committee on Rules, four members by the Speaker of the House of Delegates, and one member by the Governor, each of whom are required to have expertise in real estate, finance, or project development or legal expertise in zero-emission or low-emission energy generation, infrastructure, transportation, agriculture, storm water management, or housing. The bill contains provisions for (i) the appointment of a president and the hiring of staff, (ii) the powers and duties of the Bank, (iii) lending practices, (iv) a strategic plan, (v) an investment strategy, (vi) public outreach requirements, (vii) audits, (viii) exemptions from taxes and from personnel and procurement procedures, and (ix) reporting requirements. (Less)-
Bill History
- 01/19/2024 - Senate: Presented and ordered printed 24104393D
- 01/19/2024 - Senate: Referred to Committee on Local Government
- 01/29/2024 - Senate: Rereferred from Local Government (14-Y 0-N)
- 01/29/2024 - Senate: Rereferred to Commerce and Labor
- 01/31/2024 - Senate: Impact statement from DPB (SB729)
- 02/05/2024 - Senate: Senate committee, floor amendments and substitutes offered
- 02/05/2024 - Senate: Reported from Commerce and Labor with substitute (10-Y 5-N)
- 02/05/2024 - Senate: Committee substitute printed 24107051D-S1
- 02/05/2024 - Senate: Rereferred to Finance and Appropriations
- 02/07/2024 - Senate: Impact statement from DPB (SB729S1)
- 02/12/2024 - Senate: Reported from Finance and Appropriations (11-Y 0-N 4-A)
- 02/12/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/2024 - Senate: Read second time
- 02/13/2024 - Senate: Reading of substitute waived
- 02/13/2024 - Senate: Committee substitute agreed to 24107051D-S1
- 02/13/2024 - Senate: Engrossed by Senate - committee substitute SB729S1
- 02/13/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/2024 - Senate: Passed Senate (29-Y 9-N)
- 02/16/2024 - House: Placed on Calendar
- 02/16/2024 - House: Read first time
- 02/16/2024 - House: Referred to Committee on Rules
- 02/22/2024 - House: Assigned Rules sub: Studies Subcommittee
- 02/23/2024 - House: Subcommittee recommends reporting (5-Y 1-N)
- 02/23/2024 - House: Subcommittee recommends referring to Committee on Appropriations
- 02/23/2024 - House: Reported from Rules (11-Y 6-N)
- 02/23/2024 - House: Referred to Committee on Appropriations
- 02/28/2024 - House: Reported from Appropriations with amendment(s) (12-Y 10-N)
- 03/01/2024 - House: Read second time
- 03/04/2024 - House: Read third time
- 03/04/2024 - House: Committee amendments agreed to
- 03/04/2024 - House: Engrossed by House as amended
- 03/04/2024 - House: Passed House with amendments (57-Y 40-N)
- 03/04/2024 - House: VOTE: Passage (57-Y 40-N) Close Floor Vote
- 03/05/2024 - Senate: Passed by for the day
- 03/06/2024 - Senate: Passed by for the day
- 03/07/2024 - Senate: House amendments rejected by Senate (0-Y 40-N)
- 03/07/2024 - House: House insisted on amendments
- 03/07/2024 - House: House requested conference committee
- 03/07/2024 - Senate: Senate acceded to request (40-Y 0-N)
- 03/07/2024 - Senate: Conferees appointed by Senate
- 03/07/2024 - Senate: Senators: Surovell, McPike, Hackworth
- 03/07/2024 - House: Conferees appointed by House
- 03/07/2024 - House: Delegates: Lopez, Willett, Obenshain
- 03/09/2024 - Conference: Amended by conference committee
- 03/09/2024 - Senate: Conference substitute printed 24109184D-S2
- 03/09/2024 - Senate: Conference report agreed to by Senate (28-Y 12-N)
- 03/09/2024 - House: Conference report agreed to by House (56-Y 43-N)
- 03/09/2024 - House: VOTE: Adoption (56-Y 43-N) Close Floor Vote
- 03/25/2024 - Senate: Enrolled
- 03/25/2024 - Senate: Bill text as passed Senate and House (SB729ER)
- 03/25/2024 - Senate: Signed by President
- 03/26/2024 - House: Signed by Speaker
- 03/27/2024 - Senate: Enrolled Bill Communicated to Governor on March 27, 2024
- 03/27/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 03/31/2024 - Senate: Impact statement from DPB (SB729ER)
- 04/08/2024 - Senate: Governor's recommendation received by Senate
- 04/17/2024 - Senate: Senate rejected Governor's recommendation (18-Y 22-N) Close Floor Vote
- 04/17/2024 - Senate: Communicated to Governor
- 04/17/2024 - Governor: Governor's Action Deadline 11:59 p.m., May 17, 2024
