Carbon market participation; submerged aquatic vegetation. (SB783)

Introduced By

Sen. Lynwood Lewis (D-Accomac)

Progress

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

Description

Department of Environmental Quality; carbon market participation. Authorizes the Department of Environmental Quality to participate in any carbon market for which submerged aquatic vegetation restoration qualifies as an activity that generates carbon offset credits and to enter into agreements necessary to effect such participation, including with private entities for assistance with registration and sale of offset credits. The bill requires any revenue resulting from the sale of such credits to be used to implement additional submerged aquatic vegetation monitoring, restoration, and research or to cover any administrative costs of participation in the credit market. The bill also requires the Department to hold exclusive title to credits until sold. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2020Prefiled and ordered printed; offered 01/08/20 20103471D
01/08/2020Referred to Committee on Agriculture, Conservation and Natural Resources
01/24/2020Impact statement from DPB (SB783)
02/04/2020Committee substitute printed 20107667D-S1
02/04/2020Reported from Agriculture, Conservation and Natural Resources with substitite (15-Y 0-N) (see vote tally)
02/04/2020Rereferred to Finance and Appropriations
02/06/2020Reported from Finance and Appropriations (16-Y 0-N) (see vote tally)
02/10/2020Constitutional reading dispensed (36-Y 0-N) (see vote tally)
02/11/2020Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/11/2020Read second time
02/11/2020Reading of substitute waived
02/11/2020Committee substitute agreed to 20107667D-S1
02/11/2020Engrossed by Senate - committee substitute SB783S1
02/11/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2020Passed Senate (39-Y 0-N) (see vote tally)
02/11/2020Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/11/2020Passed Senate (40-Y 0-N) (see vote tally)
02/14/2020Placed on Calendar
02/14/2020Read first time
02/14/2020Referred to Committee on Agriculture, Chesapeake and Natural Resources
02/14/2020Assigned ACNR sub: Chesapeake
02/17/2020Subcommittee recommends reporting (6-Y 1-N)
02/19/2020Reported from Agriculture, Chesapeake and Natural Resources (17-Y 5-N) (see vote tally)
02/21/2020Impact statement from DPB (SB783S1)
02/21/2020Read second time
02/24/2020Passed by for the day
02/25/2020Read third time
02/25/2020Passed House (74-Y 25-N)
02/25/2020VOTE: Passage (74-Y 25-N) (see vote tally)
03/02/2020Enrolled
03/02/2020Bill text as passed Senate and House (SB783ER)
03/02/2020Impact statement from DPB (SB783ER)
03/02/2020Signed by Speaker
03/03/2020Signed by President
03/12/2020Enrolled Bill Communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/07/2020G Approved by Governor-Chapter 810 (effective 7/1/20)
04/07/2020G Acts of Assembly Chapter text (CHAP0810)

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