From Attorney General McDonnell’s office:

Virginia Attorney General Bob McDonnell announced that the Virginia Post-Disaster Anti-Price Gouging Statute is now activated with the issuance of a State of Emergency by Governor Tim Kaine this morning. The Governor issued the State of Emergency in advance of Tropical Storm Hanna, which is expected to impact the Commonwealth this weekend.

The Virginia Post-Disaster Anti-Price Gouging Act, which became law on July 1, 2004, prohibits the charging of “unconscionable” prices for “necessary goods and services” within the affected area during the 30 day period following issuance of a declared state of emergency. The basic test under the statute is whether the price charged for the goods or services “grossly exceeds” the price charged immediately (within 10 days) before the disaster.

See the press release here (pdf)