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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 SB 831 Virginia SB 831 (2020)
bill
enacted
Lynwood W. Lewis, Jr.
4 32 9 2020-01-08 2020-03-31 openstates ocd-bill/65785dcc-4b53-438d-841b-85c3ecbba03e https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB831 a2eacf86189f820d53769122c822fa186be220c2eb1eb40fa54d9705dbb02cde 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia SB 831 (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 (CHAP0519) (committee substitute) — source
  2. Bill text as passed Senate and House (SB831ER) (committee substitute) — source
  3. Impact statement from SCC (SB831) (committee substitute) — source
  4. Impact statement from SCC (SB831S1) (committee substitute) — source

Votes

  • VOTE: Block Vote Passage (100-Y 0-N) — 990 (pass) · lower
  • Constitutional reading dispensed (40-Y 0-N) — 400 (pass) · upper
  • Reported from Commerce and Labor with substitute (12-Y 0-N) — 120 (pass) · upper
  • Reconsideration of passage agreed to by Senate (40-Y 0-N) — 400 (pass) · upper
  • Reported from Finance and Appropriations (16-Y 0-N) — 160 (pass) · upper
  • Reported from Labor and Commerce (20-Y 0-N) — 200 (pass) · lower
  • Constitutional reading dispensed (36-Y 0-N) — 360 (pass) · upper
  • Passed Senate (40-Y 0-N) — 400 (pass) · upper
  • Passed Senate (39-Y 0-N) — 390 (pass) · upper

Sponsors

  • Lynwood W. Lewis, Jr. — primary (person)

Timeline

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

  • 2020-01-08 Prefiled and ordered printed; offered 01/08/20 20104994D introduction
  • 2020-01-08 Referred to Committee on Commerce and Labor referral-committee
  • 2020-01-15 Impact statement from SCC (SB831)
  • 2020-02-03 Reported from Commerce and Labor with substitute (12-Y 0-N) committee-passage
  • 2020-02-03 Committee substitute printed 20107478D-S1 substitution
  • 2020-02-03 Rereferred to Finance and Appropriations referral-committee
  • 2020-02-05 Impact statement from SCC (SB831S1)
  • 2020-02-06 Reported from Finance and Appropriations (16-Y 0-N) committee-passage
  • 2020-02-10 Constitutional reading dispensed (36-Y 0-N)
  • 2020-02-11 Read second time reading-2
  • 2020-02-11 Reading of substitute waived
  • 2020-02-11 Committee substitute agreed to 20107478D-S1
  • 2020-02-11 Engrossed by Senate - committee substitute SB831S1
  • 2020-02-11 Constitutional reading dispensed (40-Y 0-N)
  • 2020-02-11 Passed Senate (39-Y 0-N) passage
  • 2020-02-11 Reconsideration of passage agreed to by Senate (40-Y 0-N)
  • 2020-02-11 Passed Senate (40-Y 0-N) passage
  • 2020-02-24 Placed on Calendar
  • 2020-02-24 Read first time reading-1
  • 2020-02-24 Referred to Committee on Labor and Commerce referral-committee
  • 2020-02-25 Reported from Labor and Commerce (20-Y 0-N) committee-passage
  • 2020-02-27 Read second time reading-2
  • 2020-02-28 Read third time reading-3
  • 2020-02-28 Passed House BLOCK VOTE (100-Y 0-N) passage
  • 2020-02-28 VOTE: Block Vote Passage (100-Y 0-N)
  • 2020-03-05 Enrolled
  • 2020-03-05 Impact statement from SCC (SB831ER)
  • 2020-03-06 Signed by Speaker
  • 2020-03-07 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 519 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/65785dcc-4b53-438d-841b-85c3ecbba03e. Confidence: reported (aggregated from official Virginia legislature records).