Regional Greenhouse Gas Initiative; Commonwealth Resilience Fund established. (SB1428)
Introduced By
Sen. Don McEachin (D-Richmond)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 in the Hampton Roads region 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. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/23/2015 | Presented and ordered printed 15101884D |
| 01/23/2015 | Referred to Committee on Agriculture, Conservation and Natural Resources |
| 01/29/2015 | Impact statement from DPB (SB1428) |
| 01/29/2015 | Passed by indefinitely in Agriculture, Conservation and Natural Resources (8-Y 7-N) (see vote tally) |