Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2018; report. (SB985)

Introduced By

Sen. Frank Wagner (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2018; report. Establishes the Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2018. Establishes the Commonwealth of Virginia as a nonfederal sponsor of hurricane and flooding risk reduction projects. There is also established the Virginia Hurricane and Flood Risk Reduction Authority (the Authority) and a board of directors (the Board) of the Authority. The Board shall exercise for the Governor executive authority over all phases of hurricane and flood risk reduction programs, including investigations, construction, operations, and maintenance. The Authority shall be established to fulfill the directives of the Board. The Authority shall be hosted by a department of the Commonwealth as designated by the Governor. That department shall provide support to the Authority, including budgeting, work facilities, administrative management, logistics, human resources, legal, contracts, and information resources. The Joint Legislative Audit and Review Commission (JLARC) shall consult with Louisiana's Legislative Fiscal Office to assess the increased state and local tax flows in Louisiana that resulted from post-Katrina federal spending, including spending for civil works storm and flooding risk reduction project. The bill requires JLARC to report to the General Assembly no later than November 1, 2018, on the results of its initial assessment. The provisions of the bill are contingent on funding in a general appropriation act. Read the Bill »


Bill Has Failed


01/22/2018Unanimous consent to introduce
01/22/2018Presented and ordered printed 18105752D
01/22/2018Referred to Committee on Finance
02/06/2018Reported from Finance with amendment (13-Y 0-N) (see vote tally)
02/07/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/07/2018Impact statement from DPB (SB985)
02/08/2018Read second time
02/08/2018Reading of amendment waived
02/08/2018Committee amendment agreed to
02/08/2018Engrossed by Senate as amended SB985E
02/08/2018Printed as engrossed 18105752D-E
02/09/2018Impact statement from DPB (SB985E)
02/09/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/14/2018Placed on Calendar
02/14/2018Read first time
02/14/2018Referred to Committee on Appropriations
03/06/2018Left in Appropriations