Virginia Alternative Energy and Coastal Protection Act; established, report. (SB1496)

Introduced By

Sen. Lynwood Lewis (D-Accomac) with support from co-patron Sen. Monty Mason (D-Williamsburg)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Alternative Energy and Coastal Protection Act. Requires the Governor to seek to join the Regional Greenhouse Gas Initiative or other carbon trading program with an open auction of carbon allowances. The Department of Environmental Quality is directed to establish a carbon dioxide cap and trade program to reduce emissions released by electric generation stations. The revenues from the sale of carbon allowances are to be deposited in the Virginia Shoreline Resiliency Fund, a revolving fund established in 2016 for the purposes of mitigating future flood damage and creating a low-interest loan program to help residents and businesses that are subject to recurrent flooding. Read the Bill »


01/26/2017: Incorporated into Another Bill


01/18/2017Presented and ordered printed 17104147D
01/18/2017Referred to Committee on Agriculture, Conservation and Natural Resources
01/23/2017Impact statement from DPB (SB1496)
01/26/2017Incorporated by Agriculture, Conservation and Natural Resources (SB1471-Locke) (15-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: SB1471.