VirginiaHB25092025 Regular SessionHouse

Virginia Clean Energy Innovation Bank; established, report.

Sponsored By: Alfonso H. Lopez (Democratic)

Failed

Summary

Virginia Clean Energy Innovation Board established; report. Continues the Virginia Clean Energy Innovation Bank (the Bank) as a division of the Department of Energy to implement the provisions of the bill and approve expenditures and disbursements from the Virginia Clean Energy Innovation Fund. The bill describes the powers of duties of the Bank and requires certain lending practices. The bill requires the Bank to develop and adopt a strategic plan biennially starting in 2025 to develop programs to overcome market impediments through access to Bank financing and technical assistance and outreach and marketing strategies designed to make potential project developers, participants, and communities aware of financing and technical assistance available from the Bank. The bill requires the Bank to adopt a long-term investment strategy by December 15, 2025, and every four years thereafter. The bill requires the bank to maintain a public website and submit an annual report to the Governor and General Assembly. The bill also creates an Advisory Board and specifies how initial appointments of nonlegislative citizen members shall be staggered and made.

Finance and Appropriations

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Alfonso H. Lopez

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 104 • No: 76

Senate vote • 2/17/2025

Passed by indefinitely in Finance and Appropriations

Yes: 13 • No: 0 • Other: 1

Senate vote • 2/10/2025

Reported from Commerce and Labor and rereferred to Finance and Appropriations

Yes: 9 • No: 6

House vote • 2/4/2025

Read third time and passed House

Yes: 52 • No: 46

House vote • 1/31/2025

Reported from Appropriations

Yes: 12 • No: 10

House vote • 1/30/2025

Reported from Labor and Commerce with substitute and referred to Appropriations

Yes: 12 • No: 10

House vote • 1/28/2025

Subcommittee recommends reporting with substitute and referring to Appropriations

Yes: 6 • No: 4 • Other: 1

Actions Timeline

  1. Passed by indefinitely in Finance and Appropriations (13-Y 0-N 1-A)

    2/17/2025Senate
  2. Fiscal Impact Statement from Department of Planning and Budget (HB2509)

    2/10/2025House
  3. Reported from Commerce and Labor and rereferred to Finance and Appropriations (9-Y 6-N)

    2/10/2025Senate
  4. Referred to Committee on Commerce and Labor

    2/5/2025Senate
  5. Constitutional reading dispensed (on 1st reading)

    2/5/2025Senate
  6. Read third time and passed House (52-Y 46-N)

    2/4/2025House
  7. Engrossed by House - committee substitute

    2/3/2025House
  8. Labor and Commerce Substitute agreed to

    2/3/2025House
  9. Read second time

    2/3/2025House
  10. Read first time

    2/2/2025House
  11. Reported from Appropriations (12-Y 10-N)

    1/31/2025House
  12. Assigned Approps sub: Commerce Agriculture & Natural Resources

    1/31/2025House
  13. Reported from Labor and Commerce with substitute and referred to Appropriations (12-Y 10-N)

    1/30/2025House
  14. Committee substitute printed 25105013D-H1

    1/30/2025House
  15. Subcommittee recommends reporting with substitute and referring to Appropriations (6-Y 4-N)

    1/28/2025House
  16. Assigned L & C sub: Subcommittee #3

    1/21/2025House
  17. Referred to Committee on Labor and Commerce

    1/8/2025House
  18. Prefiled and ordered printed; Offered 01-08-2025 25102641D

    1/8/2025House

Bill Text

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