republic-os/legislation/us/states/va/2020/hb-835.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Water utility or sewer utility asset acquisitions; fair market valuations.	Utility Transfers Act; water and sewer utilities. Authorizes a water or sewer public utility acquiring a water or sewersystem to elect to have its rate base established by using the fairmarket value of the system assets instead of the system's depreciatedoriginal cost. Under the procedure established in this bill, thefair market value of the system is the average of three appraisalsconducted by accredited and impartial utility valuation experts,who shall determine the fair market value of the system in compliancewith the uniform standards of professional appraisal practice, employingcost, market, and income approaches to assessment of value. The billprovides that the rate base value of the acquired system assets isthe authorized fees and costs plus the lesser of the purchase pricenegotiated between the acquiring utility and the selling utilityor the fair market value.	us/states/va	Virginia General Assembly	2020	HB 835	Virginia HB 835 (2020)	bill		enacted	Richard C. "Rip" Sullivan, Jr.	4	28	6	2020-01-07	2020-03-31	openstates	ocd-bill/518cbd9c-c7a3-4b45-913c-f7899533d763	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB835	615fb7d09d98fc9244603f1ed2e78ea5d99c595a3ac45b408a8f2283cf41abbe	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 835 (2020) — Water utility or sewer utility asset acquisitions; fair market valuations.

Utility Transfers Act; water and sewer utilities. Authorizes a water or sewer public utility acquiring a water or sewersystem to elect to have its rate base established by using the fairmarket value of the system assets instead of the system's depreciatedoriginal cost. Under the procedure established in this bill, thefair market value of the system is the average of three appraisalsconducted by accredited and impartial utility valuation experts,who shall determine the fair market value of the system in compliancewith the uniform standards of professional appraisal practice, employingcost, market, and income approaches to assessment of value. The billprovides that the rate base value of the acquired system assets isthe authorized fees and costs plus the lesser of the purchase pricenegotiated between the acquiring utility and the selling utilityor the fair market value.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Acts of Assembly Chapter text (CHAP0518) (committee substitute) — source
2. Bill text as passed House and Senate (HB835ER) (committee substitute) — source
3. Engrossed by House - committee substitute HB835H1 (committee substitute) — source
4. Impact statement from SCC (HB835) (committee substitute) — source

Votes

• Constitutional reading dispensed (38-Y 0-N) — 38–0 (pass) · upper
• Reported from Finance and Appropriations (14-Y 0-N) — 14–0 (pass) · upper
• VOTE: Block Vote Passage (99-Y 0-N) — 98–0 (pass) · lower
• Reported from Labor and Commerce with substitute (19-Y 0-N) — 19–0 (pass) · lower
• Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Commerce and Labor (14-Y 0-N) — 14–0 (pass) · upper

Sponsors

• Richard C. "Rip" Sullivan, Jr. — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2020-01-07 Prefiled and ordered printed; offered 01/08/20 20104894D introduction
• 2020-01-07 Referred to Committee on Labor and Commerce referral-committee
• 2020-01-15 Impact statement from SCC (HB835)
• 2020-01-28 House committee, floor amendments and substitutes offered
• 2020-01-28 Committee substitute printed 20106909D-H1 substitution
• 2020-01-28 Reported from Labor and Commerce with substitute (19-Y 0-N) committee-passage
• 2020-01-30 Read first time reading-1
• 2020-01-31 Read second time reading-2
• 2020-01-31 Committee substitute agreed to 20106909D-H1
• 2020-01-31 Engrossed by House - committee substitute HB835H1
• 2020-02-03 Read third time and passed House BLOCK VOTE (99-Y 0-N) passage, reading-3
• 2020-02-03 VOTE: Block Vote Passage (99-Y 0-N)
• 2020-02-04 Impact statement from SCC (HB835H1)
• 2020-02-04 Constitutional reading dispensed
• 2020-02-04 Referred to Committee on Commerce and Labor referral-committee
• 2020-02-17 Reported from Commerce and Labor (14-Y 0-N) committee-passage
• 2020-02-17 Rereferred to Finance and Appropriations referral-committee
• 2020-02-25 Reported from Finance and Appropriations (14-Y 0-N) committee-passage
• 2020-02-26 Constitutional reading dispensed (38-Y 0-N)
• 2020-02-27 Read third time reading-3
• 2020-02-27 Passed Senate (40-Y 0-N) passage
• 2020-03-04 Enrolled
• 2020-03-05 Impact statement from SCC (HB835ER)
• 2020-03-05 Signed by Speaker
• 2020-03-05 Signed by President
• 2020-03-12 Enrolled Bill communicated to Governor on March 12, 2020
• 2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
• 2020-03-31 Approved by Governor-Chapter 518 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/518cbd9c-c7a3-4b45-913c-f7899533d763. Confidence: reported (aggregated from official Virginia legislature records).