Virginia Community Flood Preparedness Fund; low-income loans, forgiveness of principal. (HB751)

Introduced By

Progress

✓	Introduced
✓	Passed Committee
☐	Passed House
☐	Passed Senate
☐	Signed by Governor
☐	Became Law

Description

Virginia Community Flood Preparedness Fund; low-income loans; forgiveness of principal. Continues the Virginia Shoreline Resiliency Fund as the Virginia Community Flood Preparedness Fund for the purpose of creating a low-interest loan program to help inland and coastal communities that are subject to recurrent flooding. Moneys from the Fund may be used to mitigate future flood damage, with priority given to projects that implement community-scale mitigation activities or use nature-based solutions. Any locality using moneys from the Fund to provide loans may also forgive the principal of such loans, with the total amount of loans forgiven by all localities not to exceed 30 percent of the total amount appropriated to the Fund in that fiscal year. This bill was incorporated into HB 22. Read the Bill »

Status

02/07/2020: Incorporated into Another Bill

History

Date	Action
01/07/2020	Committee
01/07/2020	Prefiled and ordered printed; offered 01/08/20 20102567D
01/07/2020	Referred to Committee on Agriculture, Chesapeake and Natural Resources
01/14/2020	Assigned ACNR sub: Chesapeake
01/21/2020	Impact statement from DPB (HB751)
01/27/2020	House committee, floor amendments and substitutes offered
01/27/2020	Subcommittee recommends reporting with substitute (7-Y 1-N)
01/27/2020	Subcommittee recommends referring to Committee on Appropriations
01/29/2020	Reported from Agriculture, Chesapeake and Natural Resources with substitute (19-Y 3-N) (see vote tally)
01/29/2020	Referred to Committee on Appropriations
01/29/2020	Assigned App. sub: Commerce Agriculture & Natural Resources
01/29/2020	Committee substitute printed 20106847D-H1
02/07/2020	Subcommittee recommends incorporating (HB22-Lindsey)
02/07/2020	Incorporated by Appropriations (HB22-Lindsey)