VirginiaVirginia Clean Energy Innovation Bank; established, report.
What it does
Virginia Clean Energy Innovation Board established; report. Continues the Virginia Clean Energy Innovation Bank (the Bank) as a division of the Department of Energy to implement the provisions of the bill and approve expenditures and disbursements from the Virginia Clean Energy Innovation Fund. The bill describes the powers of duties of the Bank and requires certain lending practices.
More detail
The bill requires the Bank to develop and adopt a strategic plan biennially starting in 2025 to develop programs to overcome market impediments through access to Bank financing and technical assistance and outreach and marketing strategies designed to make potential project developers, participants, and communities aware of financing and technical assistance available from the Bank. The bill requires the Bank to adopt a long-term investment strategy by December 15, 2025, and every four years thereafter. The bill requires the bank to maintain a public website and submit an annual report to the Governor and General Assembly. The bill also creates an Advisory Board and specifies how initial appointments of nonlegislative citizen members shall be staggered and made.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Feb 17Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A). Result: pass.Upper
- Feb 10Reported from Commerce and Labor and rereferred to Finance and Appropriations (9-Y 6-N)Minor
- Vote recorded Reported from Commerce and Labor and rereferred to Finance and Appropriations (9-Y 6-N). Result: pass.Upper
- Feb 10Fiscal Impact Statement from Department of Planning and Budget (HB2509)
- Feb 5Referred to Committee on Commerce and LaborMinor
- Feb 5Constitutional reading dispensed (on 1st reading)
- Feb 4Read third time and passed House (52-Y 46-N)Passed House
- Vote recorded Read third time and passed House (52-Y 46-N). Result: pass.Lower
- Feb 3Engrossed by House - committee substituteMajor
- Feb 3Labor and Commerce Substitute agreed to
- Feb 3Read second timeMinor
- Feb 2Read first timeMinor
- Jan 31Reported from Appropriations (12-Y 10-N)Minor
- Vote recorded Reported from Appropriations (12-Y 10-N). Result: pass.Lower
- Jan 31Assigned Approps sub: Commerce Agriculture & Natural ResourcesMinor
- Jan 30Committee substitute printed 25105013D-H1Major
- Vote recorded Reported from Labor and Commerce with substitute and rereferred to Appropriations (12-Y 10-N). Result: pass.Lower
- Jan 30Reported from Labor and Commerce with substitute and referred to Appropriations (12-Y 10-N)Minor
- Jan 28Subcommittee recommends reporting with substitute and referring to Appropriations (6-Y 4-N)Major
- Vote recorded Subcommittee recommends reporting with substitute and rereferred to Appropriations (6-Y 4-N). Result: pass.Lower
- Jan 21Assigned L & C sub: Subcommittee #3Minor
- Jan 8Referred to Committee on Labor and CommerceMinor
- Jan 8Prefiled and ordered printed; Offered 01-08-2025 25102641DIntroduced
- Feb 17Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A)Latest