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2026 Session

Budget Amendments - SB30 (Committee Approved)

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Virginia Clean Energy Innovation Bank (SB 225)

Item 109 #2s

Item 109 #2s

First Year - FY2027 Second Year - FY2028
Commerce and Trade
Department of Energy FY2027 $10,000,000 FY2028 $10,000,000 GF

Language
Page 114, line 1, strike "$4,931,922" and insert "$14,931,922".
Page 114, line 1, strike "$4,931,922" and insert "$14,931,922".

Page 114, after line 35, insert:

"F. Out of this appropriation, $10,000,000 the first year and $10,000,000 the second year from the general fund is provided to support the Virginia Clean Energy Innovation Bank, as established by the provisions of Senate Bill 225, 2026 General Assembly Session."



Explanation

(This amendment provides $10.0 million GF each year to create and fund the Virginia Clean Energy Innovation Bank as provided for in Senate Bill 225 to accelerate the deployment of clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects.)