SB 696 Va. Alternative Energy & Coastal Protection Act; regulations to establish carbon dioxide cap, etc.
Lynwood W. Lewis, Jr. | all patrons    ...    notes
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Summary as introduced:
Virginia Alternative Energy and Coastal Protection Act. Directs the State Air Pollution Control Board to adopt regulations establishing a carbon dioxide cap and trade program to reduce emissions released by electric generation facilities. The regulations are required to comply with the Regional Greenhouse Gas Initiative model rule. The measure authorizes the Director of the Department of Environmental Quality to establish, implement, and manage an auction program to sell allowances into a market-based trading program. The measure requires revenues from the sale of carbon allowances, to the extent permitted by Article X, Section 7 of the Constitution of Virginia, to be deposited in an interest-bearing account and to be distributed without further appropriation (i) to the Virginia Shoreline Resiliency Fund, (ii) to the VirginiaSAVES program, (iii) for certain programs in Southwest Virginia, and (iv) for administrative expenses.

Full text:
01/10/18  Senate: Prefiled and ordered printed; offered 01/10/18 18103832D  pdf
01/25/18  Senate: Committee substitute printed to LIS only 18106055D-S1  pdf

Status:
01/10/18  Senate: Prefiled and ordered printed; offered 01/10/18 18103832D
01/10/18  Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
01/25/18  Senate: Committee substitute printed to LIS only 18106055D-S1
01/25/18  Senate: Passed by indefinitely in Agriculture, Conservation and Natural Resources (8-Y 7-N)