The lawsuit alleges the board did not have the authority to remove Virginia since lawmakers voted to put the state in the initiative in 2020. Activists rallied across the state on Monday to keep Virginia in.
An Acadia Center report found initiative auctions generated more than $523 million for Virginia, since March 2021, a yearly average of around $262 million. The funds have supported state level flood resilience efforts and funding low-income energy efficiency programs.
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