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2026 Special Session I

Budget Amendments - HB30 (Conference Report)

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Support the Virginia Clean Energy Bank

Item 109 #5c

Item 109 #5c

First Year - FY2027 Second Year - FY2028
Commerce and Trade
Department of Energy FY2027 $5,000,000 FY2028 $5,000,000 GF

Language
Page 114, line 2, strike "$4,931,922" and insert "$9,931,922".
Page 114, line 2, strike "$4,931,922" and insert "$9,931,922".

Page 114, after line 35, insert:

“F. Out of this appropriation, $5,000,000 the first year and $5,000,000 the second year from the general fund is provided to capitalize the Virginia Clean Energy Bank established in Chapters 1125 and 1126, 2026 Acts of Assembly. Out of the amounts in this paragraph, the Department may use up to $923,000 in each year for staffing and administration of the Clean Energy Innovation Bank. Any balances for the purposes specified in this paragraph which are unexpended on June 30, 2027, and June 30, 2028, shall not revert to the general fund but shall be carried forward and reappropriated.”



Explanation

(This amendment provides $5.0 million in each year from the general fund to effectuate the provisions of Chapters 1125 and 1126, 2026 Acts of Assembly creating the Clean Energy Innovation Bank. These funds are in addition to nongeneral funds the Department received from the sale of Renewable Energy Certificates.)