SB 700 VA
Large-Scale Electricity Consumer Infrastructure Impact Fund; created.
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Summary
Virginia Senate Bill 700 would establish the Large-Scale Electricity Consumer Infrastructure Impact Fund. The bill would amend the Virginia Code to create this fund and would establish an infrastructure impact fee on large-scale electricity consumers and localities to support infrastructure development.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
A BILL to amend the Code of Virginia by adding a section numbered 56-585.9, relating to Large-Scale Electricity Consumer Infrastructure Impact Fund; established; infrastructure impact fee on large-scale electricity consumers and localities.
Sponsor (1)
- Kannan Srinivasan Democratic · primary
Action history (5)
- Jan 14, 2026 Prefiled and ordered printed; Offered 01-14-2026 26105341D · upper
- Jan 14, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 30, 2026 Fiscal Impact Statement from State Corporation Commission (SB700) · upper
- Feb 12, 2026 Continued to next session in Finance and Appropriations (15-Y 0-N) · upper
- Jul 21, 2026 Continued from last session · upper
Full text
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