Alfonso Lopez
- Democratic
- Delegate
- District 3
Primary
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. 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.
A BILL to amend the Code of Virginia by adding in Chapter 17 of Title 45.2 an article numbered 10, consisting of sections numbered 45.2-1735 through 45.2-1744, relating to Virginia Clean Energy Innovation Bank established; report.
Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A)
Reported from Commerce and Labor and rereferred to Finance and Appropriations (9-Y 6-N)
Fiscal Impact Statement from Department of Planning and Budget (HB2509)
Referred to Committee on Commerce and Labor
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (52-Y 46-N)
Read second time
Labor and Commerce Substitute agreed to
Engrossed by House - committee substitute
Read first time
Assigned Approps sub: Commerce Agriculture & Natural Resources
Reported from Appropriations (12-Y 10-N)
Committee substitute printed 25105013D-H1
Reported from Labor and Commerce with substitute and referred to Appropriations (12-Y 10-N)
Subcommittee recommends reporting with substitute and referring to Appropriations (6-Y 4-N)
Assigned L & C sub: Subcommittee #3
Referred to Committee on Labor and Commerce
Prefiled and ordered printed; Offered 01-08-2025 25102641D
| Bill Text Versions | Format |
|---|---|
| Labor and Commerce Substitute | HTML PDF |
| Labor and Commerce Subcommittee Substitute | HTML PDF |
| Introduced | HTML PDF |
| Document | Format |
|---|---|
| Fiscal Impact Statement from Department of Planning and Budget (HB2509) |
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