HB1444
Virginia Clean Energy Innovation Bank; created, report.
Status:
In House
Latest Action:
Feb. 3, 2026
House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
Chief Patron:
Alfonso Lopez (D)
Session:
2026 Regular Session
Summary
As Introduced. 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, ... (More) 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. (Less)-
Bill History
- 01/22/2026 - House: Presented and ordered printed 26105540D
- 01/22/2026 - House: Referred to Committee on Labor and Commerce
- 01/28/2026 - House: Assigned HCL sub: Subcommittee #3
- 01/28/2026 - House: Placed on Labor and Commerce Agenda
- 01/29/2026 - House: Subcommittee recommends reporting and referring to Appropriations (6-Y 3-N)
- 01/30/2026 - House: Placed on Labor and Commerce Agenda
- 02/02/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB1444)
- 02/03/2026 - House: Reported from Labor and Commerce and referred to Appropriations (15-Y 7-N)
- 02/03/2026 - House: Referred to Committee on Appropriations
- 02/03/2026 - House: Assigned HAPP sub: Commerce Agriculture & Natural Resources
