HB1152
Carbon market participation; coastal and marine resources.
Summary
As Passed House of Origin. 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 ... (More) 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. (Less)-
Bill History
- 01/14/2026 - House: Prefiled and ordered printed; Offered 01-14-2026 26105085D
- 01/14/2026 - House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 01/29/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1152)
- 02/03/2026 - House: Placed on Agriculture, Chesapeake and Natural Resources Agenda
- 02/09/2026 - House: Assigned HACNR sub: Natural Resources
- 02/09/2026 - House: Placed on Agriculture, Chesapeake and Natural Resources Agenda
- 02/11/2026 - House: House subcommittee offered
- 02/11/2026 - House: Subcommittee recommends reporting with substitute (9-Y 1-N)
- 02/11/2026 - House: House committee offered
- 02/11/2026 - House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (19-Y 3-N)
- 02/11/2026 - House: Committee substitute printed 26107815D-H1
- 02/13/2026 - House: Read first time
- 02/16/2026 - House: Read second time
- 02/16/2026 - House: committee substitute agreed to
- 02/16/2026 - House: Engrossed by House - committee substitute
- 02/17/2026 - House: Read third time and passed House (89-Y 7-N 0-A)
- 02/18/2026 - Senate: Constitutional reading dispensed (on 1st reading)
- 02/18/2026 - Senate: Referred to Committee on Agriculture, Conservation and Natural Resources
- 02/24/2026 - Senate: Stricken at request of Patron in Agriculture, Conservation and Natural Resources (13-Y 0-N)
