§67-901. (Contingent effective date -- see Editor's note) Eligibility for grants for production of qualified energy resources


Published: 2015

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§ 67-901. (Contingent effective date -- see Editor's note) Eligibility for grants for production of qualified energy resources.

Subject to appropriation of sufficient moneys in the Fund, an eligible corporation may receive a grant payable from the Fund for certain kilowatt hours of electricity produced after December 31, 2006. The grant amount shall be $.0085 for each kilowatt hour of electricity (i) produced by the corporation from qualified energy resources at a qualified Virginia facility and (ii) sold and transmitted into the electric grid, or used in production by a qualified Virginia facility, in a calendar year. Grant amounts shall be based on each such kilowatt hour of electricity sold or used in production by a qualified Virginia facility beginning with calendar year 2007.
2006, c. 939; 2007, c. 789.