Legislation - HB0227

Title: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsored by: Delegates Adams and Crosby
Status: Approved by the Governor - Chapter 212
Analysis: Fiscal and Policy Note

Synopsis

Providing that certain unclaimed money held by an electric cooperative and due to a past member is not considered abandoned property; and authorizing an electric cooperative to use this money only to assist members of the cooperative or make donations to nonprofit, charitable organizations.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Judicial Proceedings

Committee Testimony

Witness List

Details

Cross-filed with: SB0561

Introduced in a prior session as: HB0487 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 10/01/2024 Legislative Date 10/01/2024 Action Pre-filed Proceedings
Chamber House Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings
Chamber House Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action Hearing 1/21 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/10/2025 Legislative Date 2/10/2025 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 2/11/2025 Legislative Date 2/11/2025 Action Favorable Adopted Second Reading Passed Proceedings 25 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits Proceedings
Chamber House Calendar Date 2/13/2025 Legislative Date 2/13/2025 Action Third Reading Passed (137-0) Proceedings 27 Click to view Recorded Media
Chamber Senate Calendar Date 2/14/2025 Legislative Date 2/05/2025 Action Referred Judicial Proceedings Proceedings 25 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/27/2025 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/09/2025 Action Favorable Adopted Second Reading Passed Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/02/2025 Legislative Date 3/15/2025 Action Third Reading Passed (46-0) Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/02/2025 Legislative Date 3/18/2025 Action Returned Passed Proceedings 58 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/22/2025 Legislative Date 4/22/2025 Action Approved by the Governor - Chapter 212 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	10/01/2024	10/01/2024	Pre-filed
House	1/08/2025	1/08/2025	First Reading Economic Matters
			Text - First - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
House	1/08/2025	1/08/2025	Hearing 1/21 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	2/10/2025	2/10/2025	Favorable Report by Economic Matters
House	2/11/2025	2/11/2025	Favorable Adopted Second Reading Passed	25 Click to view Recorded Media
			Text - Third - Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
House	2/13/2025	2/13/2025	Third Reading Passed (137-0)	27 Click to view Recorded Media
Senate	2/14/2025	2/05/2025	Referred Judicial Proceedings	25 Click to view Recorded Media
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/27/2025	3/27/2025	Favorable Report by Judicial Proceedings
Senate	3/27/2025	3/09/2025	Favorable Adopted Second Reading Passed	57 Click to view Recorded Media
Senate	4/02/2025	3/15/2025	Third Reading Passed (46-0)	63 Click to view Recorded Media
House	4/02/2025	3/18/2025	Returned Passed	58 Click to view Recorded Media
Post Passage	4/22/2025	4/22/2025	Approved by the Governor - Chapter 212

File Code

Subjects

Statutes