2024 Regular Session • Virginia Legislature
SB129: Forest Sustainability Fund; fund allocation.
Legislative Summary
Forest Sustainability Fund; fund allocation. Provides that moneys from the Forest Sustainability Fund must be allocated proportionally among localities that forgo tax revenues as a result of the use value assessment and taxation for real estate devoted for forest use. The bill specifies that no locality shall receive an allocation of more than four percent or less than one-half of one percent of available funds from the Fund.
Bill History
1/5/2024
Prefiled and ordered printed; offered 01/10/24 24102271D
Senate
1/5/2024
Referred to Committee on Finance and Appropriations
Senate
1/24/2024
Reported from Finance and Appropriations (13-Y 0-N)
Senate
1/25/2024
Constitutional reading dispensed (40-Y 0-N)
Senate
1/26/2024
Read second time and engrossed
Senate
1/29/2024
Read third time and passed Senate (40-Y 0-N)
Senate
2/13/2024
Placed on Calendar
House of Delegates
2/13/2024
Read first time
House of Delegates
2/13/2024
Referred to Committee on Appropriations
House of Delegates
2/21/2024
Reported from Appropriations (22-Y 0-N)
House of Delegates
2/23/2024
Read second time
House of Delegates
2/26/2024
Read third time
House of Delegates
2/26/2024
Passed House BLOCK VOTE (96-Y 0-N)
House of Delegates
2/26/2024
VOTE: Block Vote Passage (96-Y 0-N)
House of Delegates
2/29/2024
Enrolled
Senate
2/29/2024
Bill text as passed Senate and House (SB129ER)
Senate
2/29/2024
Signed by Speaker
House of Delegates
3/3/2024
Signed by President
Senate
3/11/2024
Enrolled Bill Communicated to Governor on March 11, 2024
Senate
3/11/2024
Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
4/8/2024
Governor: Approved by Governor-Chapter 703 (effective 7/1/24)
4/8/2024
Governor: Acts of Assembly Chapter text (CHAP0703)
Roll Call Votes
House: VOTE: Block Vote Passage (96-Y 0-N)
2/26/2024
96
Yea
0
Nay
0
Not Voting
4
Absent
Result: PASSED
House: Reported from Appropriations (22-Y 0-N)
2/21/2024
22
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Read third time and passed Senate (40-Y 0-N)
1/29/2024
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Constitutional reading dispensed (40-Y 0-N)
1/25/2024
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate: Reported from Finance and Appropriations (13-Y 0-N)
1/24/2024
13
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(4/8/2024)
Chamber
Senate
Sine DiePrior Session
