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Virginia Clean Energy Innovation Bank; established; report. Creates the Virginia Clean Energy Innovation Bank to finance clean energy projects, greenhouse gas emissions reduction projects, and other qualified projects through the strategic deployment of public funds in the form of grants, loans, credit enhancements, and other financing mechanisms. The Bank is governed by a 12-member Board of Directors, consisting of nine nonlegislative citizen members and three ex officio members with voting privileges, who include the Director of the Department of Energy, the Chief Executive Officer of the Virginia Economic Development Partnership Authority, and the State Treasurer, or their designees. The bill contains provisions for (i) the appointment of a president and the hiring of staff, (ii) the powers and duties of the Bank, (iii) lending practices, (iv) a strategic plan, (v) an investment strategy, (vi) public outreach requirements, (vii) audits, (viii) exemptions from taxes and from personnel and procurement procedures, and (ix) reporting requirements.
Introduced
Jan 22, 2026
Last Action
Mar 11, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Fiscal Impact Statement from Department of Planning and Budget (HB1444)
Senate substitute agreed to by House (64-Y 35-N 0-A)
Read third time
Passed Senate with substitute (40-Y 0-N 0-A)
Engrossed by Senate - committee substitute
Commerce and Labor Substitute agreed to
Rules suspended
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A)
Reported from Finance and Appropriations (14-Y 0-N)
Committee substitute printed 26109003D-S1
Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (12-Y 1-N)
Fiscal Impact Statement from Department of Planning and Budget (HB1444)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Commerce and Labor
Read third time and passed House (61-Y 34-N 0-A)
Engrossed by House as amended
committee amendments agreed to
Read second time
Read first time
Subcommittee recommends reporting with amendment(s) (5-Y 2-N)
Reported from Appropriations with amendment(s) (15-Y 7-N)
House subcommittee offered
Reported from Labor and Commerce and referred to Appropriations (15-Y 7-N)
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Fiscal Impact Statement from Department of Planning and Budget (HB1444)
Subcommittee recommends reporting and referring to Appropriations (6-Y 3-N)
Assigned HCL sub: Subcommittee #3
Referred to Committee on Labor and Commerce
Presented and ordered printed 26105540D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Fiscal Impact Statement from Department of Planning and Budget (HB1444)
Alfonso H. Lopez