HB2509
Virginia Clean Energy Innovation Bank; established, report.
Summary
As Passed House of Origin. 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 ... (More) 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. (Less)-
Bill History
- 01/08/2025 - House: Prefiled and ordered printed; Offered 01-08-2025 25102641D
- 01/08/2025 - House: Referred to Committee on Labor and Commerce
- 01/21/2025 - House: Assigned L & C sub: Subcommittee #3
- 01/22/2025 - House: Placed on Labor and Commerce Agenda
- 01/24/2025 - House: Placed on Labor and Commerce Agenda
- 01/28/2025 - House: Subcommittee recommends reporting with substitute and referring to Appropriations (6-Y 4-N)
- 01/29/2025 - House: Placed on Labor and Commerce Agenda
- 01/30/2025 - House: Reported from Labor and Commerce with substitute and referred to Appropriations (12-Y 10-N)
- 01/30/2025 - House: Committee substitute printed 25105013D-H1
- 01/30/2025 - House: Referred to Committee on Appropriations
- 01/31/2025 - House: Assigned Approps sub: Commerce Agriculture & Natural Resources
- 01/31/2025 - House: Placed on Appropriations Agenda
- 01/31/2025 - House: Reported from Appropriations (12-Y 10-N)
- 02/02/2025 - House: Read first time
- 02/03/2025 - House: Read second time
- 02/03/2025 - House: Labor and Commerce Substitute agreed to
- 02/03/2025 - House: Engrossed by House - committee substitute
- 02/04/2025 - House: Read third time and passed House (52-Y 46-N) Close Floor Vote
- 02/05/2025 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/05/2025 - Senate: Referred to Committee on Commerce and Labor
- 02/10/2025 - House: Fiscal Impact Statement from Department of Planning and Budget (HB2509)
- 02/10/2025 - Senate: Reported from Commerce and Labor and rereferred to Finance and Appropriations (9-Y 6-N)
- 02/10/2025 - Senate: Rereferred to Finance and Appropriations
- 02/17/2025 - Senate: Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A)
