HB2637: Loans and grants for agricultural best management practices; riparian buffers.
Be it enacted by the General Assembly of Virginia:
1. That § 62.1-229.1 of the Code of Virginia is amended and reenacted as follows:
§ 62.1-229.1. Loans and grants for agricultural best management practices.
Loans or grants may be made from the Fund, in the
Board's discretion, to an individual (i) any person for the
construction, renovation, improvement, or equipping of facilities or
structures to implement agricultural best management practices to prevent
pollution of state waters, to; (ii) a local government which
that has developed a low-interest loan program to provide loans or other
incentives to facilitate the construction, renovation, improvement, or equipping
of such facilities or structures,; or to (iii) a
financial institution working with a local government to establish such
a program pursuant to clause (ii). The Board shall develop guidelines
for the administration of such loans and grants and shall determine the
terms and conditions of any loan or grant from the Fund. For purposes
of this section, facilities or structures to implement agricultural best
management practices may include riparian buffers planted in trees and
maintained in accordance with the terms and conditions of the loan or grant.
HOUSE BILL NO. 2637
Be it enacted by the General Assembly of Virginia:
1. That § 62.1-229.1 of the Code of Virginia is amended and reenacted as follows:
§ 62.1-229.1. Loans and grants for agricultural best management practices.
Loans or
grants may be made from the Fund, in the Board's
discretion, to an individual (i) any person for the
construction, renovation,
improvement, or equipping of facilities or structures to
implement agricultural best management practices to prevent pollution of state
waters, to; (ii)
a local government which that has developed a
low-interest loan program to provide loans or other incentives to facilitate
the construction, renovation,
improvement, or equipping of such facilities or structures,;
or to
(iii) a financial institution working with a local government
to establish such
a program pursuant to clause (ii). The
Board shall develop guidelines for the administration of such loans and grants and shall determine
the terms and conditions of any loan or grant
from the Fund. For
purposes of this section, facilities or structures to
implement agricultural best management practices may
include riparian buffers planted in trees and
maintained in accordance with the terms and conditions of
the loan or grant.