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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Rasoul
HB 469 - New Virginia Economy Act

Item 121 #5h

Item 121 #5h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Mines, Minerals and Energy FY2023 $150,000 FY2024 $250,000 GF

Language
Page 104, line 48, strike "$34,315,826" and insert "$34,465,826".
Page 104, line 48, strike "$4,315,826" and insert "$4,565,826".

Page 105, after line 32, insert:

"F. Out of this appropriation, $150,000 the first year and $250,000 the second year to support costs related to implementation of the New Virginia Economy Act, consistent with the provisions of House Bill 469 of the 2022 Session of the General Assembly."



Explanation

(This amendment provides $150,000 from the general fund in fiscal year 2023 and $250,000 from the general fund in fiscal year 2024 to support the Department of Energy's activities undertaken pursuant to House Bill 469, which include enforcing clean energy sales requirements on electric generating facilities, the adoption of a Climate Action Plan, convening a Climate Justice Task Force, and establishment of the Just Transition Fund. This amendment is a placeholder until a fiscal impact statement for the bill is produced.)