VA SB571 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2016 - 25% progression, died in chamber
Action: 2016-02-04 - Failed to report (defeated) in Agriculture, Conservation and Natural Resources (7-Y 8-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established. Requires the Governor to join the Regional Greenhouse Gas Initiative that established a regional CO2 electric power sector cap and trade program and establishes the Commonwealth Resilience Fund, a revolving fund to serve as a consistent revenue stream to assist counties, cities, and towns with the implementation of adaptation efforts to combat sea level rise and recurrent flooding. The bill also provides economic development assistance for families, businesses, and localities in Southwest Virginia to offset negative economic impacts associated with reduced fossil fuel production.

Tracking Information

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Title

Commonwealth Resilience Fund; established.

Sponsors


Roll Calls


History

DateChamberAction
2016-02-04SenateFailed to report (defeated) in Agriculture, Conservation and Natural Resources (7-Y 8-N)
2016-01-13SenateReferred to Committee on Agriculture, Conservation and Natural Resources
2016-01-13SenatePrefiled and ordered printed; offered 01/13/16 16103863D

Virginia State Sources


Bill Comments

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