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VA SB1464

VA SB1464
Virginia Power Innovation Fund and Program; created.

summary

Introduced
01/16/2023
In Committee
02/16/2023
Crossed Over
02/24/2023
Passed
03/07/2023
Dead
Signed/Enacted/Adopted
03/24/2023

Introduced Session

2023 Regular Session

Bill Summary

Virginia Power Innovation Fund and Program; created. Creates the Virginia Power Innovation Fund with funding to be used solely for the purposes of research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage. The bill also creates the Virginia Power Innovation Program to use moneys from the Fund to (i) establish a Virginia nuclear innovation hub and (ii) award competitive grants to support energy innovation.

AI Summary

This bill creates the Virginia Power Innovation Fund with funding to be used solely for research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage. The bill also establishes the Virginia Power Innovation Program to use money from the Fund to (i) establish a Virginia nuclear innovation hub and (ii) award competitive grants to support energy innovation. The Program will be administered by the Department of Energy, which will collaborate with the Virginia Nuclear Energy Consortium and the Secretary of Commerce and Trade to establish guidelines and criteria for disbursement of funds.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Governor: Acts of Assembly Chapter text (CHAP0505) (on 03/24/2023)
(1 Companion Bills)

bill text

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Document Type Source Location
State Bill Page https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB1464
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0505+hil
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1464ER+hil
Fiscal Note/Analysis - Senate: Bill text as passed Senate and Ho https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1464FER122+PDF
Fiscal Note/Analysis - Senate: Conference substitute printed 231 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1464FS1122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1464S1+hil
Conference amendments https://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+SB1464AC
Fiscal Note/Analysis - House: Committee substitute printed 23106 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1464FH1122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1464H1+hil
Substitute for SB1464 Commerce and Energy, Subcommittee #1 https://committees.lis.virginia.gov/pdfs/23106825D.pdf
Fiscal Note/Analysis - Senate: Printed as engrossed 23103588D-E https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1464FE122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1464E+hil
Senate amendments https://lis.virginia.gov/cgi-bin/legp604.exe?231+amd+SB1464AS
Fiscal Note/Analysis - Senate: Presented and ordered printed 231 https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB1464F122+PDF
BillText https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB1464+hil
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