Virginia Community Flood Preparedness Fund; loan and grant program, deferment of interest accrual.
Commonwealth of VirginiaVirginiaVirginia Community Flood Preparedness Fund; loan and grant program; deferment of interest accrual and repayment obligations. Provides that for funds disbursed to localities, federally recognized tribes, and Virginia recognized tribes primarily for the purpose of implementing flood prevention and protection projects and studies in areas that are subject to recurrent flooding, interest on loans shall not accrue and repayment obligations shall not come into effect for loans or grants until completion or cancellation of the project or study for which such funds are disbursed. This bill is a recommendation of the Joint Subcommittee on Recurrent Flooding.
- Status
- Passed
- Signed or otherwise enacted
- Status date
- Apr 22, 2026
- 204 days ago
- Current chamber
- Senate
- Session
- 2026 Regular Session
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Bill details
- Last action
- Acts of Assembly Chapter text (CHAP0995) · Apr 22, 2026
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