VirginiaCarbon market participation; coastal and marine resources.
What it does
Department of Environmental Quality; carbon market participation; coastal and marine resources. Allows the Department of Environmental Quality to participate in any carbon market for the preservation, restoration, and sustainable management of the Commonwealth's coastal and marine resources on state-owned bottomlands and property and enter into agreements necessary to facilitate such participation. The bill requires the Department to hold exclusive title to such credits until such credits are sold.
More detail
Any revenues resulting from the sale of such credits are required to be distributed as follows: 75 percent to the Oyster Replenishment Fund and 25 percent to the qualifying leaseholder.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 24Stricken at request of Patron in Agriculture, Conservation and Natural Resources (13-Y 0-N)Latest
- Vote recorded Stricken at request of Patron in Agriculture, Conservation and Natural Resources. Result: pass.Upper
- Feb 18Referred to Committee on Agriculture, Conservation and Natural ResourcesMinor
- Feb 18Constitutional reading dispensed (on 1st reading)
- Feb 17Read third time and passed House (89-Y 7-N 0-A)Passed House
- Vote recorded H VOTE:. Result: pass.Lower
- Feb 16Engrossed by House - committee substituteMajor
- Feb 16committee substitute agreed toMajor
- Feb 16Read second timeMinor
- Feb 13Read first timeMinor
- Feb 11Committee substitute printed 26107815D-H1Major
- Vote recorded Reported from Agriculture, Chesapeake and Natural Resources with substitute. Result: pass.Lower
- Vote recorded Subcommittee recommends reporting with substitute. Result: pass.Lower
- Feb 11Reported from Agriculture, Chesapeake and Natural Resources with substitute (19-Y 3-N)Minor
- Feb 11House committee offered
- Feb 11Subcommittee recommends reporting with substitute (9-Y 1-N)Major
- Feb 11House subcommittee offered
- Feb 9Assigned HACNR sub: Natural ResourcesMinor
- Jan 29Fiscal Impact Statement from Department of Planning and Budget (HB1152)
- Jan 14Referred to Committee on Agriculture, Chesapeake and Natural ResourcesMinor
- Jan 14Prefiled and ordered printed; Offered 01-14-2026 26105085DIntroduced
- Feb 24Stricken at request of Patron in Agriculture, Conservation and Natural Resources (13-Y 0-N)Latest