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2026 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Surovell
Virginia Green Energy Bank (SB 225)

Item 109 #4s

Item 109 #4s

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:

"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 Green Energy 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 Climate Innovation Finance Authority,” as provided for in Senate Bill 225 to finance climate initiatives with low-rate financing issued by the U.S. Department of Energy.)