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Department of Environmental Quality; carbon market participation; coastal and marine resources. Allows the Department of Environmental Quality to participate in any carbon market for the preservation, restoration, and sustainable management of the Commonwealth's coastal and marine resources on state-owned bottomlands and property and enter into agreements necessary to facilitate such participation. The bill requires the Department to hold exclusive title to such credits until such credits are sold. Any revenues resulting from the sale of such credits are required to be distributed as follows: 75 percent to the Oyster Replenishment Fund and 25 percent to the qualifying leaseholder.
Introduced
Jan 14, 2026
Last Action
Feb 24, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Stricken at request of Patron in Agriculture, Conservation and Natural Resources (13-Y 0-N)
Referred to Committee on Agriculture, Conservation and Natural Resources
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (89-Y 7-N 0-A)
Engrossed by House - committee substitute
committee substitute agreed to
Read second time
Read first time
Committee substitute printed 26107815D-H1
House subcommittee offered
Subcommittee recommends reporting with substitute (9-Y 1-N)
House committee offered
Reported from Agriculture, Chesapeake and Natural Resources with substitute (19-Y 3-N)
Assigned HACNR sub: Natural Resources
Fiscal Impact Statement from Department of Planning and Budget (HB1152)
Prefiled and ordered printed; Offered 01-14-2026 26105085D
Referred to Committee on Agriculture, Chesapeake and Natural Resources
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Stricken at request of Patron in Agriculture, Conservation and Natural Resources (13-Y 0-N)
M. Keith Hodges