Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
6.4 KiB
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) |
|
enacted |
|
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 |
|
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.
- Acts of Assembly Chapter text (CHAP0519) (committee substitute) — source
- Bill text as passed Senate and House (SB831ER) (committee substitute) — source
- Impact statement from SCC (SB831) (committee substitute) — source
- Impact statement from SCC (SB831S1) (committee substitute) — source
Votes
- VOTE: Block Vote Passage (100-Y 0-N) — 99–0 (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- Reported from Commerce and Labor with substitute (12-Y 0-N) — 12–0 (pass) · upper
- Reconsideration of passage agreed to by Senate (40-Y 0-N) — 40–0 (pass) · upper
- Reported from Finance and Appropriations (16-Y 0-N) — 16–0 (pass) · upper
- Reported from Labor and Commerce (20-Y 0-N) — 20–0 (pass) · lower
- Constitutional reading dispensed (36-Y 0-N) — 36–0 (pass) · upper
- Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
- Passed Senate (39-Y 0-N) — 39–0 (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).