A. As used in this section, "clean energy technologies" means energy resources and emerging technologies that have significant potential for commercialization and do not involve (i) the combustion of coal, petroleum or petroleum products, or municipal solid waste or (ii) nuclear fission. "Clean energy technologies" includes renewable energy sources, projects, and infrastructure; energy efficiency projects; alternative fuels used for electricity generation; alternative fuel vehicles and related infrastructure such as electric vehicle charging station infrastructure; and smart grid.
B. Any locality may, by ordinance, establish a green bank to promote the investment in clean energy technologies in its locality and provide financing for clean energy technologies. Such ordinance may include the following functions for a green bank:
1. Finance investment or financial support of investment in clean energy technologies to foster the growth and development of renewable energy sources;
2. Stimulate the demand for renewable energy and the deployment of clean energy technologies that serve end-use customers;
3. Before making any loan, loan guarantee, or other form of financing support for clean energy technologies, develop rules, policies, and procedures to specify borrower eligibility and any other term or condition of financial support;
4. Provide financing or financial support for clean energy technologies;
5. Develop consumer protection standards for investments to ensure that the green bank and its partners are lending in a transparent and responsible manner that is in the financial interests of the borrowers; and
6. Undertake any other activity as needed to support the mission of the green bank.
C. In establishing a green bank, the locality shall determine whether the green bank will be a public entity, quasi-public entity, depository bank, or nonprofit entity.
D. The locality shall offer private lending institutions the opportunity to participate in the green bank established pursuant to this section.
E. Prior to the adoption of any ordinance pursuant to this section, the locality shall conduct a public hearing at which interested persons may object to or inquire about the proposed green bank or any of its particulars. The public hearing shall be advertised once a week for two successive weeks in a newspaper of general circulation in the locality.
2021, Sp. Sess. I, c. 405.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 9 - General Powers of Local Governments
§ 15.2-900. Abatement or removal of nuisances by localities; recovery of costs
§ 15.2-901.1. Locality may provide for control of running bamboo; civil penalty
§ 15.2-902. Authority of locality to control certain noxious weeds
§ 15.2-906. Authority to require removal, repair, etc., of buildings and other structures
§ 15.2-910. Ordinance certifying boiler and pressure vessel operators; penalty
§ 15.2-911. Regulation of alarm company operators
§ 15.2-912. Regulation of tattoo parlors and body-piercing salons; definition; exception
§ 15.2-912.1. Regulation of martial arts instruction
§ 15.2-912.2. Proceeds exempt from local taxation
§ 15.2-912.3. Regulation of dance halls by counties, cities, and towns
§ 15.2-913. Ordinances regulating certain vendors
§ 15.2-914. Regulation of child-care services and facilities in cities and certain counties
§ 15.2-915. Control of firearms; applicability to authorities and local governmental agencies
§ 15.2-915.2. Regulation of transportation of a loaded rifle or shotgun
§ 15.2-915.4. Counties, cities and towns authorized to regulate use of pneumatic guns
§ 15.2-915.5. Disposition of firearms acquired by localities
§ 15.2-917. Applicability of local noise ordinances to certain sport shooting ranges
§ 15.2-918. Locality may prohibit or regulate use of air cannons
§ 15.2-920. Regulation of outdoor lighting near certain facilities
§ 15.2-921. Ordinances requiring fencing of swimming pools
§ 15.2-922. Smoke alarms in certain buildings
§ 15.2-922.1. Regulating or prohibiting the making of fires
§ 15.2-922.2. Special fee for emergency services in certain counties
§ 15.2-923. Local water-saving ordinances
§ 15.2-924. Water supply emergency ordinances
§ 15.2-925.1. Local notifications
§ 15.2-926. Prohibiting loitering; frequenting amusements and curfew for minors; penalty
§ 15.2-926.1. Bounties for coyotes
§ 15.2-926.2. Adoption of ordinances prohibiting obscenity
§ 15.2-926.3. Local regulation of certain aircraft
§ 15.2-926.4. Regulation of smoking in outdoor amphitheater or concert venue; civil penalty
§ 15.2-927. Garbage and refuse disposal
§ 15.2-928. Local recycling and waste disposal; powers; penalties
§ 15.2-929. Solid waste management facility siting approval
§ 15.2-934. Displacement of private waste companies
§ 15.2-935. Authority to prohibit placement of leaves or grass clippings in landfills
§ 15.2-936. Garbage and refuse disposal; fee exemption
§ 15.2-937. Separation of solid waste
§ 15.2-938. Preference for purchase of recycled paper and paper products
§ 15.2-939. Ordinances requiring recycling reports
§ 15.2-940. Expenditures for promoting resources and advantages of locality
§ 15.2-941. Participation by local government in certain loan programs
§ 15.2-941.1. Creation of abandoned school revitalization zones
§ 15.2-942. Local government participation in certain events
§ 15.2-943. Operation and maintenance of living historical farm museums
§ 15.2-943.1. Creation of arts and cultural districts
§ 15.2-944. Authority to acquire and preserve places and things of historical interest
§ 15.2-944.1. Notification prior to sale or transfer of ownership of certain historic properties
§ 15.2-945. Acquisition and housing of relics, paintings, carvings, sculpture and other works of art
§ 15.2-946. Regulation of tour guides and tourist guides
§ 15.2-947. Systems of public transportation for certain counties or cities
§ 15.2-948. Locality may designate continuing source of revenue for mass transit
§ 15.2-949. Shared ride taxi systems, etc.; nonprofit vanpools
§ 15.2-951. Acquisition, disposition and use of personal property by localities generally
§ 15.2-952. Political subdivisions may acquire property from United States
§ 15.2-954. Loans to volunteer firefighting and rescue organizations
§ 15.2-956. Participation in certain federal development programs
§ 15.2-957. Participation by localities in certain leasing programs
§ 15.2-958.1. Sale of certain property in certain cities
§ 15.2-958.2. Grants for homeownership; workforce housing
§ 15.2-958.2:01. Grants for certain corporations and pass-through entities
§ 15.2-958.3. Commercial Property Assessed Clean Energy (C-PACE) financing programs
§ 15.2-958.3:1. Local green banks
§ 15.2-958.4. Waiver of certain fees for affordable housing
§ 15.2-958.5. Local funding for community revitalization
§ 15.2-958.6. Financing the repair of failed septic systems
§ 15.2-960. Planting of trees destroyed during construction
§ 15.2-961. Replacement of trees during development process in certain localities
§ 15.2-961.2. Conservation of trees; notice of infill lot grading plan
§ 15.2-961.3. Replacement of trees during development process in localities
§ 15.2-962. Authority to require a unified geographic information system for a locality
§ 15.2-963. Local offices of consumer affairs; establishment; powers and duties
§ 15.2-965. Human rights ordinances and commissions
§ 15.2-965.1. Participation of small, women-owned, and minority-owned businesses
§ 15.2-965.2. Enhancement of micro-business participation in local procurement
§ 15.2-966. Establishment and operation of educational television stations
§ 15.2-966.1. Establishment of primary health care facility for employees of locality
§ 15.2-967. Parking facilities
§ 15.2-967.1. Regulation of certain transportation services
§ 15.2-967.2. Electric vehicle charging stations
§ 15.2-968. Regulation of parking of vehicles within boundaries of state-supported institutions
§ 15.2-968.01. Parking in certain residential areas
§ 15.2-968.1. Use of photo-monitoring systems to enforce traffic light signals
§ 15.2-969. Ordinances prohibiting resale of tickets to certain public events; penalty
§ 15.2-970. Construction of dams, levees, seawalls, etc.; certain proceedings prohibited
§ 15.2-971. Armories and markets; assistance to National Guard
§ 15.2-972. Appropriations for the upkeep of certain cemeteries
§ 15.2-973. Ordinances imposing license taxes on owners of certain motor vehicles
§ 15.2-974. Permits for display of fireworks; use and exhibitions
§ 15.2-975. Use of cash proffers
§ 15.2-977. Green Roof Incentive Programs
§ 15.2-979. Notice of sale under deed of trust
§ 15.2-980. Civil penalties for violations of noise ordinances
§ 15.2-981. Authority to sell dogs trained for police work
§ 15.2-982. Designation of tourism activity zones
§ 15.2-983. Creation of registry for short-term rental of property
§ 15.2-984. Adoption of flood plain ordinances
§ 15.2-985. Disposition of abandoned shopping carts; unauthorized possession; penalties