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2020 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Austin
Proceeds from Joining RGGI

Item 114 #4h

Item 114 #4h

First Year - FY2021 Second Year - FY2022
Commerce and Trade
Department of Housing and Community Development FY2021 $39,000,000 FY2022 $39,000,000 NGF

Language
Page 97, line 48, strike "$115,738,362" and insert "$154,738,362".
Page 97, line 48, strike "$116,738,362" and insert "$155,738,362".

Page 101, after line 33, insert:

"O. Out of the amounts in this item, $39,000,000 in the first year and $39,000,000 in the second year, if the Commonwealth enacts a carbon trading regulation, adheres to or subscribes to a carbon emissions control regulation, or joins the Regional Greenhouse Gas Initiative, from the special reserve fund revenues received from the sale or allocation of carbon emissions allowances, as follows: (i) 15.5% of the appropriation in each of the first and second years from the special reserve fund shall be provided to the Virginia Growth and Opportunity Board's Region 3 Council for study, planning, development, and implementation of future workforce development and skills retraining programs for affected workers in the region affected by the premature closure of any fossil-fueled electric generating facilities; (ii) 7% of the appropriation in each of the first and second years from the special reserve fund shall be provided to the locality in which any prematurely-closing facility is located, for the purpose of assisting in advance planning for the re-use, reclamation, or rezoning of the site in question; and (iii) 77.5% of the appropriation in each of the first and second years shall be provided to a grant program administered by the Secretary to be granted to not-for-profit utilities owning fossil-fuel electric generating facilities in Planning District 13 to assist with any resulting premature closure of such facilities, provided that such a utility has made a public statement that it intends to close such a facility in advance of its economically-useful life."



Explanation

(This amendment directs proceeds of $39 million in each year from the Commonwealth's participation in the Regional Greenhouse Gas Initiative (RGGI) to GO Virginia Region 3, site closure, and Planning District 13.)