Electric cooperatives; elections for board of directors, access to meetings, required disclosures. (HB723)

Introduced By

Del. Wendy Gooditis (D-Clarke) with support from co-patrons Del. Patrick Hope (D-Arlington), Del. Sam Rasoul (D-Roanoke), and Del. Danica Roem (D-Manassas Park)

Progress

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

Description

Electric cooperatives; board of directors; access to meetings; required disclosures. Requires that each Virginia electric cooperative hold direct elections for its board of directors, either in person or by mail, or by electronic communication means if authorized by its articles of incorporation, and prohibits proxy voting. The bill requires that meetings of the board of directors be open to members of the cooperative, viewable both in person and through online streaming, and that recordings of the meetings be posted on an official website for viewing by members of the cooperative, with certain exceptions for confidential matters. The bill also requires the board of directors of an electric cooperative to make certain disclosures to its members annually. These disclosures must include the cooperative's position on legislative and regulatory issues, the amount of money spent on lobbying by the cooperative, and the names of lobbying organizations that the cooperative supports and be posted online or distributed through a member publication. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101677D
01/11/2022Referred to Committee on Commerce and Energy
01/23/2022Impact statement from SCC (HB723)
01/28/2022Assigned sub: Subcommittee #3
02/15/2022Left in Commerce and Energy

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