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2024 Session

Budget Amendments - HB29 (Floor Approved)

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Distribution of December RGGI Auction Proceeds (language only)

Item 381 #1h

Item 381 #1h
Natural and Historic Resources
Department of Environmental Quality

Language

Page 174, set out Item 381.

Page 174, after line 15, insert:

"C. Three percent of any proceeds generated by Virginia's sale of allowances in the Regional Greenhouse Gas Initiative auctions, including the auction held on December 6, 2023, that are not otherwise already appropriated, shall be appropriated to the Department of Environmental Quality to cover reasonable administrative expenses of Virginia's participation in the Regional Greenhouse Gas Initiative and to carry out statewide climate change planning and mitigation activities."

Explanation

(This amendment directs three percent of the December 6, 2023 RGGI auction proceeds be provided to the Department of Environmental Quality to support its RGGI-related administrative expenses.)

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