Hydroelectric plant; revenue sharing agreement among certain localities. (HB1555)

Introduced By

Sen. Todd E. Pillion (R-Abingdon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Hydroelectric plant revenue sharing agreement among certain localities. Requires the Counties of Buchanan, Dickenson, Lee, Russell, Scott, Tazewell, and Wise and the City of Norton to enter into a perpetual revenue sharing agreement regarding a certain electric storage or generation facility to be located in one of these localities. The measure establishes the percentage of the revenue to be allocated to each locality and provides that the host locality shall receive an additional share of six percent of the revenue. Any direct costs of infrastructure improvements incurred by the host locality for purposes of the facility will be allocated among the localities in the same proportion as the revenues from the facility. This bill is identical to SB 780. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/19/2018Committee
01/19/2018Presented and ordered printed 18104884D
01/19/2018Referred to Committee on Commerce and Labor
01/22/2018Impact statement from DHCD (HB1555)
01/23/2018Assigned C & L sub: Subcommittee #3
02/06/2018Subcommittee recommends reporting with substitute (9-Y 0-N)
02/08/2018Reported from Commerce and Labor with substitute (21-Y 0-N) (see vote tally)
02/08/2018Committee substitute printed 18106283D-H1
02/10/2018Read first time
02/12/2018Read second time
02/12/2018Committee substitute agreed to 18106283D-H1
02/12/2018Engrossed by House - committee substitute HB1555H1
02/13/2018Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/13/2018VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/14/2018Constitutional reading dispensed
02/14/2018Referred to Committee on Commerce and Labor
02/19/2018Reported from Commerce and Labor (11-Y 0-N) (see vote tally)
02/21/2018Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/22/2018Read third time
02/22/2018Passed Senate (40-Y 0-N) (see vote tally)
02/26/2018Enrolled
02/26/2018Bill text as passed House and Senate (HB1555ER)
02/26/2018Signed by Speaker
02/28/2018Signed by President
03/02/2018Enrolled Bill communicated to Governor on March 2, 2018
03/02/2018G Governor's Action Deadline Midnight, March 9, 2018
03/09/2018G Approved by Governor-Chapter 232 (effective 7/1/18)
03/09/2018G Acts of Assembly Chapter text (CHAP0232)