Forest Sustainability Fund; fund allocation. Provides that moneys from the Forest Sustainability Fund must be allocated proportionally among localities that forgo tax revenues as a result of the use value assessment and taxation for real estate devoted for forest use. The bill specifies that no locality shall receive an allocation of more than four percent or less than one-half of one percent of available funds from the Fund. This bill is identical to HB 944.
Acts of Assembly Chapter text (CHAP0703)
Approved by Governor-Chapter 703 (effective 7/1/24)
Governor's Action Deadline 11:59 p.m., April 8, 2024
Enrolled Bill Communicated to Governor on March 11, 2024
Signed by President
Impact statement from DPB (SB129ER)
Bill text as passed Senate and House (SB129ER)
Signed by Speaker
Enrolled
Read third time
Passed House BLOCK VOTE (96-Y 0-N)
VOTE: Block Vote Passage (96-Y 0-N)
Read second time
Reported from Appropriations (22-Y 0-N)
Placed on Calendar
Referred to Committee on Appropriations
Read first time
Read third time and passed Senate (40-Y 0-N)
Read second time and engrossed
Constitutional reading dispensed (40-Y 0-N)
Reported from Finance and Appropriations (13-Y 0-N)
Impact statement from DPB (SB129)
Prefiled and ordered printed; offered 01/10/24 24102271D
Referred to Committee on Finance and Appropriations
Bill Text Versions | Format |
---|---|
Prefiled and ordered printed; offered 01/10/24 24102271D | PDF HTML |
SB129ER | PDF HTML |
CHAP0703 | PDF HTML |
Document | Format |
---|---|
Fiscal Impact Statement: SB129FER122.PDF | |
Fiscal Impact Statement: SB129F122.PDF |
Data on Open States is updated periodically throughout the day from the official website of the Virginia General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.