Clean energy; financing programs, development of underwriting guidelines. (SB801)

Introduced By

Sen. John Watkins (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Financing of clean energy programs; development of underwriting guidelines. Expands the requirements of a local ordinance authorizing contracts to provide loans for clean energy improvements. The bill adds water efficiency improvements to the list of improvements for which loans may be offered; allows a locality to contract with a third party to administer the loan program; and requires a locality to identify any administrative fee it intends to impose on participants and sets parameters for the imposition of that fee. The bill also details the priority, enforceability, and other characteristics of the lien, now called a voluntary special assessment lien, that a locality is permitted to place against the property where the clean energy systems are installed. Finally, the bill directs the Department of Mines, Minerals and Energy (DMME) to develop underwriting guidelines for local loans made to finance clean energy improvements. The bill requires DMME to finalize the guidelines by December 1, 2015, incorporating input from certain groups representing real estate, energy efficiency, banking, and other interests or industries and evaluating certain specific criteria. This bill is a recommendation of the Virginia Housing Commission. Read the Bill »


Bill Has Passed


01/02/2015Prefiled and ordered printed; offered 01/14/15 15100988D
01/02/2015Referred to Committee on Local Government
01/15/2015Impact statement from DPB (SB801)
01/27/2015Reported from Local Government (15-Y 0-N) (see vote tally)
01/29/2015Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/30/2015Read second time and engrossed
02/02/2015Read third time and passed Senate (37-Y 0-N) (see vote tally)
02/02/2015Reconsideration of passage agreed to by Senate (37-Y 0-N) (see vote tally)
02/02/2015Passed Senate (38-Y 0-N) (see vote tally)
02/06/2015Placed on Calendar
02/06/2015Read first time
02/06/2015Referred to Committee on Counties, Cities and Towns
02/13/2015Reported from Counties, Cities and Towns with substitute (20-Y 1-N) (see vote tally)
02/13/2015Committee substitute printed 15105080D-H1
02/16/2015Read second time
02/17/2015Read third time
02/17/2015Committee substitute agreed to 15105080D-H1
02/17/2015Engrossed by House - committee substitute SB801H1
02/17/2015Passed House with substitute (94-Y 4-N 1-A)
02/17/2015VOTE: PASSAGE (94-Y 4-N 1-A) (see vote tally)
02/18/2015Impact statement from DPB (SB801H1)
02/19/2015House substitute agreed to by Senate (38-Y 0-N) (see vote tally)
02/19/2015Title replaced 15105080D-H1
02/24/2015Bill text as passed Senate and House (SB801ER)
02/24/2015Signed by Speaker
02/25/2015Impact statement from DPB (SB801ER)
02/26/2015G Governor's Action Deadline Midnight, Monday, March 30, 2015
02/26/2015Signed by President
02/26/2015Enrolled Bill Communicated to Governor on 2/26/15
02/26/2015G Governor's Action Deadline Midnight, Sunday, March 29, 2015
03/23/2015G Approved by Governor-Chapter 427 (effective 7/1/15)
03/23/2015G Acts of Assembly Chapter text (CHAP0427)


Virginia Housing Coalition writes:

The VHC supports this bill.