Virginia 2024 Regular Session Status: Enacted

SB 729 — Virginia Clean Energy Innovation Bank; created, report.

Last action — Governor's Action Deadline 11:59 p.m., May 17, 2024

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 19, 2024. Enacted.

Signed by Governor Glenn Youngkin (Republican) on March 26, 2024.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 56% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Mixed recorded votes

    13 passed, 2 failed in recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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, 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.

Bill Text

What changed in the latest version

273 added · 270 removed

Plain-language change summary

The most recent amendment to SB 729 establishes the Virginia Clean Energy Innovation Bank as a new public entity aimed at promoting clean energy projects and reducing greenhouse gas emissions. It outlines the bank's role in distributing public funds through various financial options like grants and loans, particularly to support initiatives in low-income communities. This change is significant because it creates a structured approach for funding and facilitating clean energy investments, which can help overcome financial challenges for communities that might otherwise struggle to adopt such technologies.

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SESSION SENATE SUBSTITUTE 24109184D SENATE BILL NO.
SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend the Code of Virginia by adding in Chapter 22 of Title 2.2 an article numbered 13, Innovation Bank;
729 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the Joint Conference Committee on March 9, 2024) (Patron Prior to Substitute––Senator Surovell) A BILL to amend the Code of Virginia by adding in Chapter 22 of Title 2.2 an article numbered 13, Innovation Bank;
report.378 through 2.2-2390, relating to Virginia Clean Energy Be it enacted by the General Assembly of Virginia:
report.378 through 2.2-2390, relating to Virginia Clean EnergyR O [S 729] L Approved L Be it enacted by the General Assembly of Virginia:
1.
E 1.
That the Code of Virginia is amended by adding in Chapter 22 of Title 2.2 an article numbered 13, consisting of sections numbered 2.2-2378 through 2.2-2390, as follows:
That the Code of Virginia is amended by adding in Chapter 22 of Title 2.2 an article numbereD 13, consisting of sections numbered 2.2-2Article 13.
Article 13.
2.2-2390, as follows:
Virginia Clean Energy Innovation Bank.
Virginia Clean Energy Innovation Bank.novation Bank.
Virginia Clean Energy Innovation Bank.
S The Virginia Clean Energy Innovation Bank is created as a public body corporate and as a political subdivision of the Commonwealth.
The Virginia Clean Energy Innovation Bank is created as a public body corporate and as a political subdivision of the Commonwealth.
The purpose of the Bank is to accelerate the deployment of 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 in order to leverage existing public and private sources of capital to reduce the especially in low-income communities.rojects and to overcome financial barriers to project adopAion, § 2.2-2379.
The purpose of the Bank is to accelerate the deployment of 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 othBr financing mechanisms in order to leverage existing public and private sources of capital to red2ce the especially in low-income communities.rojects and to overcome financial barriers to project adopEion, § 2.2-2379.
T As used in this article, unless the context requires a different meaning:
R As used in this article, unless the context requires a different meaning:
E "Board" means the Board of Directors of the Virginia Clean Energy Innovation Bank.
"Board" means the Board of Directors of the Virginia Clean Energy Innovation Bank.
"Community navigator" means an organization that works to facilitate access to clean energy project fin"Credit enhancement" means a pool of capital set aside to cover potential losses on loans and other investments made by financing entities.
"Community navigator" means an organization that works to facilitate access to clean energy project financing by individuals and community groups.
"Credit enhancement" includes loan loss reserves and loan guarantees.
"Credit enhancement" means a pool of capital set aside to cover potential losses on loans and other guarantees.
U "Energy storage system" means a system that absorbs, stores, and discharges electricity.
made by financing entities.
"EnBrgy storage system" does not include fossil fuel storage or power-to-gas storage that directly uses fossil fuel inp"Greenhouse gas emissions" means emissions of carbon dioxide, methane, nitrous oxide, S hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride emitted by anthropogenic sources.T 36 "Historically economically disadvantaged community" has the same meaning as provided in § 56-576.
"Credit enhancement" includes loan loss reserves and loan "Energy storage system" means a system that absorbs, stores, and discharges electricity.
37 "Loan loss reserves" means a pool of capital set aside to reimburse a private lender if a customer / 38 defaults on a loan, up to an agreed-upon percentage of loans originated by the private lender.
"Energy storage system" does not include fossil fuel storage or power-to-gas storage that directly uses fossil fuel inputs.
T 39 "Local workers" means Virginia residents who permanently reside within 150 miles of the locaUion of a p"Microgrid system" means an electrical grid that (i) serves a discrete geographical area from distributed energy resources and (ii) can operate independently from the central electric grid on a permanent or temporary basis.
"Greenhouse gas emissions" means emissions of carbon dioxide, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride emitted by anthropogenic sources.
E "President" means the president appointed by the Board of Directors of the Bank.
"Historically economically disadvantaged community" has the same meaning as provided in § 56-576.
"Qualified project" means a project, technology, product, service, or measure promoting energy greenhouse gas emissions;
"Loan loss reserves" means a pool of capital set aside to reimburse a private lender if a customer def"Local workers" means Virginia residents who permanently reside within 150 miles of the location of a proposed project in which the Bank is considering to participate.
(ii) reduces energy use without diminishing the level of service;
"Microgrid system" means an electrical grid that (i) serves a discrete geographical area from distributed energy resources and (ii) can operate independently from the central electric grid on a permanent or temporary basis.
(iii) increases the deployment of renewable or non-carbon emitting energy projects, energy storage systems, district heating, smart grid technologies, or microgrid systems;
"President" means the president appointed by the Board of Directors of the Bank.
"Qualified project" means a project, technology, product, service, or measure promoting energy efficiency, clean energy, electrification, or water conservation and quality that (i) substantially reduces the deployment of renewable or non-carbon emitting energy projects, energy storage systems, districtcreases heating, smart grid technologies, or microgrid systems;
(Si) reduces water use or protects, restores, or preserves the quality of the Commonwealth's surface waters 7r the electricity or when system reliability is not jeopardized.emand in response to changes in the p9ice of "Renewable energy" means electric energy generated by a source that is considered a renewable energy standard eligible source under the provisions of § 56-585.5.
(vi) reduces water use or protects, restores, or preserves the quality of the Commonwealth's surface waters or the Chesapeake Bay;
"Securitization" means the conversion of an asset composed of individual loans into marketable securities.
or (vii) incentivizes customers to shift demand in response to changes in the price of electricity or when system reliability is not jeopardized.
"Smart grid" means a digital technology that allows for two-way communication between a utility SB729S2 2 of 5 and the utility's customers and enables the utility to control power flow and load in real time.
"Renewable energy" means electric energy generated by a source that is considered a renewable ene"Securitization" means the conversion of an asset composed of individual loans into marketable securities.
of 5 "Smart grid" means a digital technology that allows for two-way communication between a utility and the utility's customers and enables the utility to control power flow and load in real time.
All federal funding accepted under this subdivision shall be accepted and expended by the Bank in accordance with such terms and conditions as are prescribed by the United States and are consistent with state law, and all state funding accepted under this subdivision shall be accepted and expended in accordance with such terms and conditions as prescribed by the Commonwealth;
All federal funding accepted under this subdivision shall be accepted and expended by the Bank in accordance with such terms and conditions as are prescribed by the United States and are consistent with state law, and all state funding accepted under this subdivision shall be accepted and expended in accordance with such terms and conditions as of 5 prescribed by the Commonwealth;
Adopt, alter, and repeal bylaws, rules, and regulations governing the transaction of the Bank's of 5 bus9.
Adopt, alter, and repeal bylaws, rules, and regulations governing the transaction of the Eank's business, exercises of its powers, and performance of its duties;
and 9.
B.
N B.
1.
R 1.
Serve as a financial resource to reduce the upfront and total costs of implementing qualified projects;
Serve as a financial resource to reduce the upfront and total costs of implementing qualified pro2.
2.
Ensure that all financed projects reduce or do not contribute to greenhouse gas emissions and that no more than 15 percent in the aggregate of available funds are used to finance projects involving coalbed methane, as such term is defined in § 45.2-1600 or nuclear power;
Ensure that all financed projects reduce or do not contribute to greenhouse gas emissions and coalbed methane, as such term is defined in § 45.2-1600 or nuclear power;
3.
to finance projects involving 3.
Ensure that financing terms and conditions offered are well suited to qualified projects;L 4.
Ensure that financing terms and conditions offered are well suited to qualified projects;
Strategically prioritize the use of the Bank's funds to leverage private investment in quElified projects, with the aim of achieving a high ratio of private to public money invested through funding mechanisms that support, enhance, and complement private lending and investment;
4.
D 5.
Strategically prioritize the use of the Bank's funds to leverage private investment in qualified projects, with the aim of achieving a high ratio of private to public money invested through funding mechanisms that support, enhance, and complement private lending and investment;
Coordinate with existing federal, state, local, utility, and other programs to ensure that the Bank's resources are being used most effectively to add to and complement those programs;
resources are being used most effectively to add to and complement those programs;to ensure that the Bank's 6.
including through subcontracts with community navigators, information to project participants about federal, state, local, utility, and other Bank financial assistance for qualifying projects and technical information on energy conservation and renewable energy measures;
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Stimulate demand for qualified projects by (i) contracting with the Department to provide, including through subcontracts with community navigators, information to project participants about federal, state, local, utility, and other Bank financial assistance for qualifying projects and technical information on energy conservation and renewable energy measures;
(ii) forming partnerships with contractors and informing contractors about the Bank's financing programs;
(ii) forming partnerships with marketing strategies to stimulate project owner interest, especially in underserved communitiesN and (iv) incentivizing financing entities to increase activity in underserved markets;
(iii) developing innSvative marketing strategies to stimulate project owner interest, especially in underserved communities7 and (iv) incentivizing financing entities to increase activity in underserved markets;
7.
9 7.
A 8.
R 8.
T management activities to support ongoing Bank activities;onable fees for Bank services and (ii) risk 10.
9.
Develop and administer (i) policies to collect reasonable fees for Bank services and (ii) risk man10.
Develop methods to accurately measure the impact of the Bank's activities, particularly Sn low12.
Develop methods to accurately measure the impact of the Bank's activities, particularly on low-income communities and on greenhouse gas emissions reductions;
12.
B 13.
13.
Apply for, either as a direct or subgrantee applicant, and accept Greenhouse Gas ReductiSn Fund grants authorized by the federal Clean Air Act, 42 U.S.C.
Apply for, either as a direct or subgrantee applicant, and accept Greenhouse Gas Reduction applications for these funds by or on behalf of the Bank shall be made in coordination with otherle, Virginia applicants;
§ 7434(a).
14.
To the extent practicable, Virginia applicants;se funds by or on behalf of the Bank shall be made in coordination with othTr 14.
§ 16511,I collaborate with the U.S.
§ 16511, collaborate with the U.S.
Department of Energy Loan Programs Office to ensure that authorities Tade available under the federal Inflation Reduction Act of 2022, P.L.
Department of Energy Loan Programs Office to ensure that authorities made available under the federal Inflation Reduction Act of 2022, P.L.
Ensure that Bank contracts with all third-party administrators, contractors, and subcontractors agents of the Bank and that all acts of contracted third parties are considered acts of the Bank,ies are provided that the act is within the contracted scope of work;
Ensure that Bank contracts with all third-party administrators, contractors, and subcontractors contain required covenants, representations, and warranties specifying that contracted third parties are agents of the Bank and that all acts of contracted third parties are considered acts of the Bank, provided that the act is within the contracted scope of work;
and E 16.
and C.
Undertake such other activities as are necessary to carry out the provisions of this article.
C.
of this article.
Employ credit enhancement mechanisms that reduce financial risk for financing entities by Bank via a loan loss reserve, loan guarantee, or other mechanism;ancial instrument is assumed by the 2.
Employ credit enhancement mechanisms that reduce financial risk for financing entities by providing assurance that a limited portion of a loan or other financial instrument is assumed by the Bank via a loan loss reserve, loan guarantee, or other mechanism;
2.
Aggregate small and geographically dispersed qualified projects in order to diversify risS or secure additional private investment through securitization or similar resale of the Bank's int7rest in a com4.
Aggregate small and geographically dispersed qualified projects in order to diversify risk or secure additional private investment through securitization or similar resale of the Bank's interest in a completed qualified project;
Expend funds appropriated to the Bank for start-up purposes, which may be used for financing programs and project investments authorized under this article, prior to adoption of the strate2ic plan required pursuant to § 2.2-2384 and the investment strategy required pursuant to § 2.2-2385.
and 4.
§ 2.2-2383.
Expend funds appropriated to the Bank for start-up purposes, which may be used for financing required pursuant to § 2.2-2384 and the investment strategy required pursuant to § 2.2-2385.ategic plan § 2.2-2383.
A.
of 5 A.
In determining the projects in which the Bank will participate, the Bank shall give preference to projects that (i) maximize the creation of high-quality employment and apprenticeship opportunities for SB729S2 4 of 5 local workers, consistent with the public interest, especially workers from historically economically disadvantaged communities, and Virginia communities hosting retired or retiring electric generation facilities, including workers previously employed at retiring facilities, and (ii) utilize energy technologies produced domestically that received an advanced manufacturing tax credit under § 45X of the Internal Revenue Code, as allowed under the federal Inflation Reduction Act of 2022, P.L.
In determining the projects in which the Bank will participate, the Bank shall give preference to projects that (i) maximize the creation of high-quality employment and apprenticeship opportunities for local workers, consistent with the public interest, especially workers from historically economically disadvantaged communities, and Virginia communities hosting retired or retiring electric generation facilities, including workers previously employed at retiring facilities, and (ii) utilize energy technologies produced domestically that received an advanced manufacturing tax credit under § 45X of the Internal Revenue Code, as allowed under the federal Inflation Reduction Act of 2022, P.L.
The Bank shall accept written comments on the draft strategy for at least 30 days and shall consider the comments in preparing the final long-term investment strategy.
The Bank shall accept written comments on the of 5 draft strategy for at least 30 days and shall consider the comments in preparing the final long-term investment strategy.
§ 2.2-2386.
E § 2.2-2386.
of 5 The Bank shall:
N 1.
1.
the number and amount of investments by 2.
the number and amount of investments by project type;
the number of jobs created;
the financing application process;
and other inforOation;
2.
and 3.
and L 3.
Hold quarterly meetings that are accessible online to update the general public on the Bank's activities, report progress being made in regard to the Bank's strategic plan and long-term investment str§ 2.2-2387.
Hold quarterly meetings that are accessible online to update the general public on the BaLk's activities, report progress being made in regard to the Bank's strategic plan and long-term investment str§ 2.2-2387.
A.
E A.
The accounts and records of the Bank showing the receipt and disbursement of funds from whatever source derived shall be in such form as the Auditor of Public Accounts prescribes.
The accounts and records of the Bank showing the receipt and disbursement of funds from D whatever source derived shall be in such form as the Auditor of Public Accounts prescribes.
The accounts and records of the Bank are subject to an annual audit by the Auditor of Public Acc§ 2.2-2388.
The accounts and records of the Bank are subject to an annual audit by the Auditor of Public Accounts or his legal representative.
§ 2.2-2388.
The exercise of the powers granted by this article shall be in all respects for the benefit of the people of the Commonwealth, for the increase of their commerce and prosperity, and for the improvement of their health and living conditions, and as the operation and maintenance of projects by performance of essential governmental functions, the Bank shall not be required to pay any taxeN or assessments upon any project or any property acquired or used by the Bank under the provisions of this article or upon the income therefrom, including sales and use taxes on tangible personal properAy used exemption granted in this section shall not be construed to extend to persons conducting on the premises of a facility businesses for which local or state taxes would otherwise be required.
The exercise of the powers granted by this article shall be in all respects for the benefit of the improvement of their health and living conditions, and as the operation and maintenance of projScts by the Bank and the undertaking of activities in furtherance of the purpose of the Bank constitute the performance of essential governmental functions, the Bank shall not be required to pay any taxes or assessments upon any project or any property acquired or used by the Bank under the provisions of this article or upon the income therefrom, including sales and use taxes on tangible personal property used in the operations of the Bank, and shall at all times be free from state and local taxation.
T § 2.2-2389.
The exemption granted in this section shall not be construed to extend to persons conducting on the premises of § 2.2-2389.
Exemption of Bank from personnel and procurement procedures.
Exemption of Bank from personnel and procurement procedures.required.
E The provisions of the Virginia Personnel Act (§ 2.2-2900 et seq.) and the Virginia Public under this article.2.2-4300 et seq.) shall not apply to the Bank in the exercise of any power conferred § 2.2-2390.
The provisions of the Virginia Personnel Act (§ 2.2-2900 et seq.) and the Virginia Public Procurement Act (§ 2.2-4300 et seq.) shall not apply to the Bank in the exercise of any power conferred under this article.
§ 2.2-2390.
The Bank shall submit to the Governor and the General Assembly an annual executive summary of the interim activity and work of the Bank no later than the first day of each regular session oU the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports and shall be posted on the General Assembly's website.
The Bank shall submit to the Governor and the General Assembly an annual executive summary of the interim activity and work of the Bank no later than the first day of each regular session of the procedures of the Division of Legislative Automated Systems for the processing of legislative documents and reports and shall be posted on the General Assembly's website.
The executive summary shall S include information regarding efforts supported by the Bank.
The executive summary shall include information regarding efforts supported by the Bank.
That the initial appointments by the Governor of nonlegislative citizen members to the BoardTof as follows:
That the initial appointments by the Governor of nonlegislative citizen members to the Board of Directors of the Virginia Clean Energy Innovation Bank established by this act shall be staggered as follows:
(i) one member appointed by the Senate Committee on Rules for a term of one yeargerId and two members appointed by the Speaker of the House of Delegates for a term of one year;
(i) one member appointed by the Senate Committee on Rules for a term of one year and two members appointed by the Speaker of the House of Delegates for a term of one year;
(ii)T two members appointed by the Senate Committee on Rules for a term of two years and one member appointed by the Speaker of the House of Delegates for a term of two years;
(ii) member appointed by the Speaker of the House of Delegates for a term of two years;
and (iii) one appointed by the Speaker of the House of Delegates for a term of three years, and one member T appointed by the Governor for a term of three years.
and (iii) one member appointed by the Senate Committee on Rules one for a term of three years, one member appointed by the Speaker of the House of Delegates for a term of three years, and one member appointed by the Governor for a term of three years.
A nonlegislative citizen member who is E appointed for an initial term of one or two years may be appointed for an additional two terms.
A nonlegislative citizen member who is appointed for an initial term of one or two years may be appointed for an additional two terms.
B S 2
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Action History

  1. Governor's Action Deadline 11:59 p.m., May 17, 2024

  2. Communicated to Governor

  3. Senate rejected Governor's recommendation (18-Y 22-N)

  4. Governor's recommendation received by Senate

  5. Impact statement from DPB (SB729ER)

  6. Governor's Action Deadline 11:59 p.m., April 8, 2024

  7. Enrolled Bill Communicated to Governor on March 27, 2024

  8. Signed by Speaker

  9. Signed by President

  10. Bill text as passed Senate and House (SB729ER)

  11. Enrolled

  12. VOTE: Adoption (56-Y 43-N)

  13. Conference report agreed to by House (56-Y 43-N)

  14. Conference report agreed to by Senate (28-Y 12-N)

  15. Conference substitute printed 24109184D-S2

  16. Amended by conference committee

  17. Delegates: Lopez, Willett, Obenshain

  18. Conferees appointed by House

  19. Senators: Surovell, McPike, Hackworth

  20. Conferees appointed by Senate

  21. Senate acceded to request (40-Y 0-N)

  22. House requested conference committee

  23. House insisted on amendments

  24. House amendments rejected by Senate (0-Y 40-N)

  25. Passed by for the day

  26. Passed by for the day

  27. VOTE: Passage (57-Y 40-N)

  28. Passed House with amendments (57-Y 40-N)

  29. Engrossed by House as amended

  30. Committee amendments agreed to

  31. Read third time

  32. Read second time

  33. Reported from Appropriations with amendment(s) (12-Y 10-N)

  34. Referred to Committee on Appropriations

  35. Reported from Rules (11-Y 6-N)

  36. Subcommittee recommends referring to Committee on Appropriations

  37. Subcommittee recommends reporting (5-Y 1-N)

  38. Assigned Rules sub: Studies Subcommittee

  39. Referred to Committee on Rules

  40. Read first time

  41. Placed on Calendar

  42. Passed Senate (29-Y 9-N)

  43. Constitutional reading dispensed (40-Y 0-N)

  44. Engrossed by Senate - committee substitute SB729S1

  45. Committee substitute agreed to 24107051D-S1

  46. Reading of substitute waived

  47. Read second time

  48. Constitutional reading dispensed (40-Y 0-N)

  49. Reported from Finance and Appropriations (11-Y 0-N 4-A)

  50. Impact statement from DPB (SB729S1)

  51. Rereferred to Finance and Appropriations

  52. Committee substitute printed 24107051D-S1

  53. Reported from Commerce and Labor with substitute (10-Y 5-N)

  54. Senate committee, floor amendments and substitutes offered

  55. Impact statement from DPB (SB729)

  56. Rereferred to Commerce and Labor

  57. Rereferred from Local Government (14-Y 0-N)

  58. Referred to Committee on Local Government

  59. Presented and ordered printed 24104393D

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 146 not signed on · 84 voted No

Sponsors (1)

Co-sponsors (1)

Not signed on (146)

146 members have not signed on to this bill.

Show all 146 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Senate rejected Governor's recommendation (18-Y 22-N)

Failed 18 Yea · 22 Nay
Party YeaNayPresentNot Voting
Unaffiliated 182200
Total 182200
% of votes cast 45%55%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Nay
Angelia Williams Graves — Nay
Barbara A. Favola — Nay
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Nay
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Nay
David R. Suetterlein — Nay
David W. Marsden — Nay
Ebbin, Adam P. — Nay
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Nay
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Nay
Jeremy S. McPike — Nay
L. Louise Lucas — Nay
Lamont Bagby — Nay
Lashrecse D. Aird — Nay
Mamie E. Locke — Nay
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Nay
Richard H. Stuart — Yea
Russet Perry — Nay
Ryan T. McDougle — Yea
Saddam Azlan Salim — Nay
Schuyler T. VanValkenburg — Nay
Scott A. Surovell — Nay
Stella G. Pekarsky — Nay
Subramanyam, Suhas — Nay
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Conference report agreed to by Senate (28-Y 12-N)

Passed 28 Yea · 12 Nay
Party YeaNayPresentNot Voting
Unaffiliated 281200
Total 281200
% of votes cast 70%30%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Nay
Bryce E. Reeves — Nay
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Nay
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Nay
Glen H. Sturtevant, Jr. — Nay
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Nay
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Nay
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Nay
Tammy Brankley Mulchi — Nay
Tara A. Durant — Nay
Timmy French — Yea
Todd E. Pillion — Nay
William M. Stanley, Jr. — Nay

Official roll call →

VOTE: Adoption (56-Y 43-N)

Passed 55 Yea · 43 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 554301
Total 554301
% of votes cast 56%43%0%1%
How each member voted (99)
Member Party Vote
Adele Y. McClure — Yea
Alex Q. Askew — Yea
Alfonso H. Lopez — Yea
Amy J. Laufer — Yea
Anne Ferrell Tata — Nay
Arnold, Jonathan, E. P. — Nay
Atoosa R. Reaser — Yea
Batten, Amanda E. — Nay
Betsy B. Carr — Yea
Bill Wiley — Nay
Bonita G. Anthony — Yea
Briana D. Sewell — Yea
Bulova, David L. — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Chris S. Runion — Nay
Convirs-Fowler, Kelly K. — Yea
Cordoza, A.C. — Nay
Coyner, Carrie E. — Yea
Dan I. Helmer — Yea
David A. Reid — Yea
Debra D. Gardner — Yea
Delores L. McQuinn — Yea
Delores Oates — Nay
Earley, Mark L., Jr. — Nay
Elizabeth B. Bennett-Parker — Yea
Ellen H. McLaughlin — Nay
Ennis, N. Baxter — Nay
Eric Phillips — Nay
Eric R. Zehr — Nay
Fowler, Hyland F."Buddy," Jr. — Nay
Freitas, Nicholas J. — Nay
Gilbert, C. Todd — Nay
Green, W. Chad — Nay
H. Otto Wachsmann, Jr. — Nay
Higgins, Geary — Nay
Holly M. Seibold — Yea
Irene Shin — Yea
Israel D. O'Quinn — Nay
Jackie H. Glass — Yea
James A. "Jay" Leftwich — Nay
James W. Morefield — Nay
Jason S. Ballard — Nay
Jeion A. Ward — Yea
Joseph P. McNamara — Yea
Joshua E. Thomas — Yea
Joshua G. Cole — Yea
Kannan Srinivasan — Yea
Karen Keys-Gamarra — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Katrina Callsen — Yea
Kent, Hillary Pugh — Nay
Knight, Barry D. — Nay
Laura Jane Cohen — Yea
LeVere Bolling, Destiny — Yea
Lovejoy, Ian T. — Yea
Luke E. Torian — Yea
M. Keith Hodges — Not Voting
Maldonado, Michelle Lopes — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Marshall, Daniel W., III — Nay
Marty Martinez — Yea
Michael B. Feggans — Yea
Michael J. Jones — Yea
Michael J. Webert — Nay
Mike A. Cherry — Yea
Milde, Paul V. — Nay
Mundon King, Candi — Yea
Nadarius E. Clark — Yea
Obenshain, Chris — Yea
Orrock, Robert D., Sr. — Nay
Owen, David — Nay
Patrick A. Hope — Yea
Paul E. Krizek — Yea
Phil M. Hernandez — Yea
Phillip A. Scott — Nay
R. Lee Ware — Nay
Rae Cousins — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Nay
Rodney T. Willett — Yea
Rozia A. Henson, Jr. — Yea
Sam Rasoul — Yea
Scott A. Wyatt — Nay
Shelly A. Simonds — Yea
Sickles, Mark D. — Yea
Taylor, Kim A. — Nay
Terry G. Kilgore — Nay
Terry L. Austin — Nay
Thomas A. Garrett, Jr. — Nay
Thomas C. Wright, Jr. — Nay
Timothy P. Griffin — Nay
Tony O. Wilt — Nay
Vivian E. Watts — Yea
Wendell S. Walker — Nay
Will Davis — Nay
Wren M. Williams — Nay

Official roll call →

Senate acceded to request (40-Y 0-N)

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Yea

Official roll call →

House amendments rejected by Senate (0-Y 40-N)

Failed 0 Yea · 40 Nay
Party YeaNayPresentNot Voting
Unaffiliated 04000
Total 04000
% of votes cast 0%100%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Nay
Angelia Williams Graves — Nay
Barbara A. Favola — Nay
Bill DeSteph — Nay
Bryce E. Reeves — Nay
Carroll Foy, Jennifer D. — Nay
Christie New Craig — Nay
Christopher T. Head — Nay
Danica A. Roem — Nay
David R. Suetterlein — Nay
David W. Marsden — Nay
Ebbin, Adam P. — Nay
Emily M. Jordan — Nay
Glen H. Sturtevant, Jr. — Nay
Hashmi, Ghazala F. — Nay
J.D. "Danny" Diggs — Nay
Jennifer B. Boysko — Nay
Jeremy S. McPike — Nay
L. Louise Lucas — Nay
Lamont Bagby — Nay
Lashrecse D. Aird — Nay
Mamie E. Locke — Nay
Mark D. Obenshain — Nay
Mark J. Peake — Nay
McGuire, John J., III — Nay
R. Creigh Deeds — Nay
Richard H. Stuart — Nay
Russet Perry — Nay
Ryan T. McDougle — Nay
Saddam Azlan Salim — Nay
Schuyler T. VanValkenburg — Nay
Scott A. Surovell — Nay
Stella G. Pekarsky — Nay
Subramanyam, Suhas — Nay
T. Travis Hackworth — Nay
Tammy Brankley Mulchi — Nay
Tara A. Durant — Nay
Timmy French — Nay
Todd E. Pillion — Nay
William M. Stanley, Jr. — Nay

Official roll call →

VOTE: Passage (57-Y 40-N)

Passed 56 Yea · 40 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 564003
Total 564003
% of votes cast 57%40%0%3%
How each member voted (99)
Member Party Vote
Adele Y. McClure — Yea
Alex Q. Askew — Yea
Alfonso H. Lopez — Yea
Amy J. Laufer — Yea
Anne Ferrell Tata — Nay
Arnold, Jonathan, E. P. — Not Voting
Atoosa R. Reaser — Yea
Batten, Amanda E. — Nay
Betsy B. Carr — Yea
Bill Wiley — Nay
Bonita G. Anthony — Yea
Briana D. Sewell — Yea
Bulova, David L. — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Chris S. Runion — Nay
Convirs-Fowler, Kelly K. — Yea
Cordoza, A.C. — Nay
Coyner, Carrie E. — Yea
Dan I. Helmer — Yea
David A. Reid — Yea
Debra D. Gardner — Yea
Delores L. McQuinn — Yea
Delores Oates — Nay
Earley, Mark L., Jr. — Yea
Elizabeth B. Bennett-Parker — Yea
Ellen H. McLaughlin — Nay
Ennis, N. Baxter — Nay
Eric Phillips — Nay
Eric R. Zehr — Nay
Fowler, Hyland F."Buddy," Jr. — Nay
Freitas, Nicholas J. — Nay
Gilbert, C. Todd — Nay
Green, W. Chad — Nay
H. Otto Wachsmann, Jr. — Nay
Higgins, Geary — Not Voting
Holly M. Seibold — Yea
Irene Shin — Yea
Israel D. O'Quinn — Nay
Jackie H. Glass — Yea
James A. "Jay" Leftwich — Nay
James W. Morefield — Nay
Jason S. Ballard — Nay
Jeion A. Ward — Yea
Joseph P. McNamara — Yea
Joshua E. Thomas — Yea
Joshua G. Cole — Yea
Kannan Srinivasan — Yea
Karen Keys-Gamarra — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Katrina Callsen — Yea
Kent, Hillary Pugh — Nay
Knight, Barry D. — Nay
Laura Jane Cohen — Yea
LeVere Bolling, Destiny — Yea
Lovejoy, Ian T. — Yea
Luke E. Torian — Yea
M. Keith Hodges — Nay
Maldonado, Michelle Lopes — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Marshall, Daniel W., III — Nay
Marty Martinez — Yea
Michael B. Feggans — Yea
Michael J. Jones — Yea
Michael J. Webert — Nay
Mike A. Cherry — Yea
Milde, Paul V. — Nay
Mundon King, Candi — Yea
Nadarius E. Clark — Yea
Obenshain, Chris — Yea
Orrock, Robert D., Sr. — Nay
Owen, David — Nay
Patrick A. Hope — Yea
Paul E. Krizek — Yea
Phil M. Hernandez — Yea
Phillip A. Scott — Nay
R. Lee Ware — Nay
Rae Cousins — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Nay
Rodney T. Willett — Yea
Rozia A. Henson, Jr. — Yea
Sam Rasoul — Yea
Scott A. Wyatt — Nay
Shelly A. Simonds — Yea
Sickles, Mark D. — Yea
Taylor, Kim A. — Nay
Terry G. Kilgore — Nay
Terry L. Austin — Nay
Thomas A. Garrett, Jr. — Not Voting
Thomas C. Wright, Jr. — Nay
Timothy P. Griffin — Nay
Tony O. Wilt — Nay
Vivian E. Watts — Yea
Wendell S. Walker — Nay
Will Davis — Nay
Wren M. Williams — Nay

Official roll call →

Reported from Appropriations with amendment(s) (12-Y 10-N)

Passed 12 Yea · 10 Nay
Party YeaNayPresentNot Voting
Unaffiliated 121000
Total 121000
% of votes cast 55%45%0%0%
How each member voted (22)
Member Party Vote
Alex Q. Askew — Yea
Anne Ferrell Tata — Nay
Betsy B. Carr — Yea
Bill Wiley — Nay
Briana D. Sewell — Yea
Bulova, David L. — Yea
C.E. Cliff Hayes, Jr. — Yea
Coyner, Carrie E. — Nay
David A. Reid — Yea
Delores L. McQuinn — Yea
Ellen H. McLaughlin — Nay
James W. Morefield — Nay
Luke E. Torian — Yea
M. Keith Hodges — Nay
Marshall, Daniel W., III — Nay
Paul E. Krizek — Yea
Robert S. Bloxom, Jr. — Nay
Rodney T. Willett — Yea
Sam Rasoul — Yea
Scott A. Wyatt — Nay
Sickles, Mark D. — Yea
Terry L. Austin — Nay

Official roll call →

Reported from Rules (11-Y 6-N)

Passed 11 Yea · 6 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 11601
Total 11601
% of votes cast 61%33%0%6%
How each member voted (18)
Member Party Vote
Betsy B. Carr — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Coyner, Carrie E. — Nay
Dan I. Helmer — Yea
Don Scott — Yea
Gilbert, C. Todd — Nay
Israel D. O'Quinn — Nay
Jeion A. Ward — Not Voting
Kathy K.L. Tran — Yea
Luke E. Torian — Yea
Marcus B. Simon — Yea
Michael J. Webert — Nay
Richard C. "Rip" Sullivan, Jr. — Yea
Sickles, Mark D. — Yea
Terry G. Kilgore — Nay
Terry L. Austin — Nay
Vivian E. Watts — Yea

Official roll call →

Passed Senate (29-Y 9-N)

Passed 29 Yea · 9 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 29902
Total 29902
% of votes cast 73%23%0%5%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Nay
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Nay
Christopher T. Head — Yea
Danica A. Roem — Not Voting
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Nay
Glen H. Sturtevant, Jr. — Nay
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Nay
Russet Perry — Yea
Ryan T. McDougle — Nay
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Nay
Tara A. Durant — Nay
Timmy French — Not Voting
Todd E. Pillion — Yea
William M. Stanley, Jr. — Nay

Official roll call →

Constitutional reading dispensed (40-Y 0-N)

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Constitutional reading dispensed (40-Y 0-N)

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Aaron R. Rouse — Yea
Angelia Williams Graves — Yea
Barbara A. Favola — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Carroll Foy, Jennifer D. — Yea
Christie New Craig — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Emily M. Jordan — Yea
Glen H. Sturtevant, Jr. — Yea
Hashmi, Ghazala F. — Yea
J.D. "Danny" Diggs — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
McGuire, John J., III — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Russet Perry — Yea
Ryan T. McDougle — Yea
Saddam Azlan Salim — Yea
Schuyler T. VanValkenburg — Yea
Scott A. Surovell — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tammy Brankley Mulchi — Yea
Tara A. Durant — Yea
Timmy French — Yea
Todd E. Pillion — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Reported from Finance and Appropriations (11-Y 0-N 4-A)

Passed 11 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 11004
Total 11004
% of votes cast 73%0%0%27%
How each member voted (15)
Member Party Vote
Barbara A. Favola — Yea
Bryce E. Reeves — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Hashmi, Ghazala F. — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Not Voting
R. Creigh Deeds — Yea
Richard H. Stuart — Not Voting
Ryan T. McDougle — Not Voting
Scott A. Surovell — Yea
Todd E. Pillion — Not Voting

Official roll call →

Reported from Commerce and Labor with substitute (10-Y 5-N)

Passed 10 Yea · 5 Nay
Party YeaNayPresentNot Voting
Unaffiliated 10500
Total 10500
% of votes cast 67%33%0%0%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Bill DeSteph — Nay
Bryce E. Reeves — Nay
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Nay
Mark J. Peake — Yea
R. Creigh Deeds — Yea
Ryan T. McDougle — Nay
Scott A. Surovell — Yea
William M. Stanley, Jr. — Nay

Official roll call →

Rereferred from Local Government (14-Y 0-N)

Passed 14 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 14001
Total 14001
% of votes cast 93%0%0%7%
How each member voted (15)
Member Party Vote
Angelia Williams Graves — Not Voting
Danica A. Roem — Yea
David R. Suetterlein — Yea
Glen H. Sturtevant, Jr. — Yea
J.D. "Danny" Diggs — Yea
Jeremy S. McPike — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
McGuire, John J., III — Yea
Schuyler T. VanValkenburg — Yea
Stella G. Pekarsky — Yea
Subramanyam, Suhas — Yea
T. Travis Hackworth — Yea
Tara A. Durant — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Subjects

housing environment transportation agriculture energy
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Frequently asked questions

What does SB 729 do?
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, 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.
Who sponsors SB 729?
SB 729 is sponsored by Scott A. Surovell and Alfonso H. Lopez.
What is the current status of SB 729?
This bill has been enacted into law. Introduced January 19, 2024. Enacted.
Where can I track SB 729?
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