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2024 Session

Budget Amendments - SB29 (Member Request)

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Chief Patron: Surovell
Directing the Use of RGGI Proceeds (language only)

Item 377 #1s

Item 377 #1s

Natural and Historic Resources
Department of Environmental Quality

Language

Page 174, line 11, strike "Not set out". and insert:

Amendment Drawn to Chapter 1

Page 465, after line 15, insert:

"D. It is the intent of the General Assembly that 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 language-only amendment appropriates a portion of the proceeds generated by the sale of allowances in the Regional Greenhouse Gas Initiative auctions, including the auction held on December 6, 2023.)