Clean energy; financing programs, development of underwriting guidelines. (SB801)
Introduced By
Sen. John Watkins (R-Midlothian)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
History
Date | Action |
---|---|
01/02/2015 | Prefiled and ordered printed; offered 01/14/15 15100988D |
01/02/2015 | Referred to Committee on Local Government |
01/15/2015 | Impact statement from DPB (SB801) |
01/27/2015 | Reported from Local Government (15-Y 0-N) (see vote tally) |
01/29/2015 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
01/30/2015 | Read second time and engrossed |
02/02/2015 | Read third time and passed Senate (37-Y 0-N) (see vote tally) |
02/02/2015 | Reconsideration of passage agreed to by Senate (37-Y 0-N) (see vote tally) |
02/02/2015 | Passed Senate (38-Y 0-N) (see vote tally) |
02/06/2015 | Placed on Calendar |
02/06/2015 | Read first time |
02/06/2015 | Referred to Committee on Counties, Cities and Towns |
02/13/2015 | Reported from Counties, Cities and Towns with substitute (20-Y 1-N) (see vote tally) |
02/13/2015 | Committee substitute printed 15105080D-H1 |
02/16/2015 | Read second time |
02/17/2015 | Read third time |
02/17/2015 | Committee substitute agreed to 15105080D-H1 |
02/17/2015 | Engrossed by House - committee substitute SB801H1 |
02/17/2015 | Passed House with substitute (94-Y 4-N 1-A) |
02/17/2015 | VOTE: PASSAGE (94-Y 4-N 1-A) (see vote tally) |
02/18/2015 | Impact statement from DPB (SB801H1) |
02/19/2015 | House substitute agreed to by Senate (38-Y 0-N) (see vote tally) |
02/19/2015 | Title replaced 15105080D-H1 |
02/24/2015 | Enrolled |
02/24/2015 | Bill text as passed Senate and House (SB801ER) |
02/24/2015 | Signed by Speaker |
02/25/2015 | Impact statement from DPB (SB801ER) |
02/26/2015 | G Governor's Action Deadline Midnight, Monday, March 30, 2015 |
02/26/2015 | Signed by President |
02/26/2015 | Enrolled Bill Communicated to Governor on 2/26/15 |
02/26/2015 | G Governor's Action Deadline Midnight, Sunday, March 29, 2015 |
03/23/2015 | G Approved by Governor-Chapter 427 (effective 7/1/15) |
03/23/2015 | G Acts of Assembly Chapter text (CHAP0427) |
Comments
The VHC supports this bill.