Natural Resources Commitment Fund; created. (SB511)
Introduced By
Sen. Mary Margaret Whipple (D-Arlington)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Natural resources funding. Allocates annually 10 percent of the revenue generated by a one percent sales and use tax, not to exceed $100 million, to fund agricultural best management practices. The sales tax allocation would be deposited into the newly established Virginia Natural Resources Commitment Fund and distributed to the Department of Conservation and Recreation's Agricultural Best Management Practices Cost-Share Program for the implementation of agricultural best management practices (BMP). Fifty-seven percent of the moneys are to used for matching grants to implement BMPs on agricultural lands exclusively in the Chesapeake Bay watershed and 38 percent of the moneys would be used for all other lands in the Commonwealth. Five percent of the moneys would be allocated to soil and water conservation districts. Amends § 10.1-2128 (“Virginia Water Quality Improvement Fund established; purposes.”), § 10.1-2128.1 (“Virginia Natural Resources Commitment Fund established.”), § 10.1-2129 (“Agency coordination; conditions of grants.”), § 10.1-2132 (“Nonpoint source pollution funding; conditions for approval.”), § 10.1-2134 (“Annual report by Directors of the Departments of Environmental Quality and Conservation and Recreation.”), § 2.2-1514 (“(Contingent expiration date \u2013 see Editor\u2019s notes) Assignment of general fund for nonrecurring expenditures.”), of the Code of Virginia. View Full Text »
