Hydroelectric plant; revenue sharing agreement among certain localities. (SB780)

Introduced By

Sen. Ben Chafin (R-Lebanon) with support from co-patron Sen. Bill Carrico (R-Grayson)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 HB 1555. Read the Bill »


Bill Has Passed


01/11/2018Prefiled and ordered printed; offered 01/10/18 18104617D
01/11/2018Referred to Committee on Commerce and Labor
01/12/2018Impact statement from DHCD (SB780)
02/05/2018Reported from Commerce and Labor with substitute (11-Y 0-N) (see vote tally)
02/05/2018Committee substitute printed 18106147D-S1
02/07/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/08/2018Read second time
02/08/2018Reading of substitute waived
02/08/2018Committee substitute agreed to 18106147D-S1
02/08/2018Engrossed by Senate - committee substitute SB780S1
02/09/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/14/2018Placed on Calendar
02/14/2018Read first time
02/14/2018Referred to Committee on Commerce and Labor
02/15/2018Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/19/2018Read second time
02/20/2018Read third time
02/20/2018Passed House BLOCK VOTE (100-Y 0-N)
02/20/2018VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/22/2018Bill text as passed Senate and House (SB780ER)
02/22/2018Signed by Speaker
02/23/2018Signed by President
02/26/2018Enrolled Bill Communicated to Governor on February 26, 2018
02/26/2018G Governor's Action Deadline Midnight, March 5, 2018
03/05/2018G Approved by Governor-Chapter 206 (effective 7/1/18)
03/05/2018G Acts of Assembly Chapter text (CHAP0206)