Chief Patron

Sen. Patsy Ticer (D-30)

Patsy Ticer (D-30)
Room 2007 Alexandria, VA
Served: 1996–

Status

02/21/2007: signed by governor
View Entire History

Summary

Virginia Land Conservation Fund disbursements.  Establishes a threshold that determines how the unrestricted funds in the Virginia Land Conservation Fund will be expended. If, by September, the new deposits in the Fund are less $10 million, 25% of the moneys in the Fund is allocated to the Open-Space Land Preservation Trust (OSLPTF) Fund and 75% is disbursed in the form of grants equally among the following four uses: natural area protection, open spaces and parks (including land for hunting, fishing or wildlife watching), farmlands and forest preservation, and historic area preservation.  If the Fund contains $10 million or more, the OSLPTF receives 25 % of the moneys in the Fund and the remaining funds are awarded equally in the form of grants among five uses: natural area protection, open spaces and parks (including land for hunting, fishing or wildlife watching), farmland preservation, forestland conservation, and historic area preservation. Any OSLPTF funds not disbursed or committed to a project by the end of the fiscal year reverts to the Virginia Land Conservation Fund to be redistributed among the authorized uses.