Virginia 2024 Regular Session

Virginia House Bill HB948

Introduced
1/9/24  
Refer
1/9/24  

Caption

VA Community Flood Preparedness Fund; Advisory Review Committee to assist in distribution of loans.

Impact

The bill mandates that at least 25% of the disbursed funds must be used for projects in low-income geographic areas. Additionally, localities are allowed to secure loans by placing liens against properties benefiting from the loan, providing financial flexibility for flood prevention projects. With a focus on community-scale hazard mitigation that employs nature-based solutions, the fund is envisioned to bolster the resilience of both inland and coastal communities facing significant flood risks.

Summary

House Bill 948 establishes the Virginia Community Flood Preparedness Fund, which aims to enhance flood prevention and protection throughout the Commonwealth of Virginia. The bill allows for the creation and management of this fund, with resources coming from various state and federal sources, as well as repayments from loans made to local governments. By providing financial assistance, the fund aims to enable localities to implement flood mitigation projects in areas that face recurrent flooding, ensuring a proactive approach to climate-related challenges.

Contention

One notable point of contention surrounding HB 948 is how effectively the funding will be allocated to ensure equitable access for all communities, particularly those in low-income areas. There may be discussions regarding the efficacy of the overarching criteria for project prioritization and how well the Advisory Review Committee, tasked with overseeing fund distribution, will operate. Ensuring transparency in the funding process and addressing the needs of all communities will be critical for the bill's acceptance and success.

Companion Bills

No companion bills found.

Previously Filed As

VA SB1001

Clean Energy and Community Flood Preparedness Act; repeals Act.

VA HB1970

Virginia Coastal Resilience Technical Advisory Committee; renames Committee.

VA HB847

Virginia Resiliency Authority; established, definitions, report.

VA SB569

Coastal Virginia Resiliency Authority; established, members, report.

VA HB1465

Problem Gambling Treatment and Support Advisory Committee; established.

VA SB836

Problem Gambling Treatment and Support Advisory Committee; established.

VA HB1623

Eastern Va. Groundwater Mgmt. Advisory Com.; removes annual report by DEQ on Committee.

VA HB2004

Federally recognized Tribal Nations in the Commonwealth; agencies to consult on permits and reviews.

VA SB489

Water quality funds; localities in fiscal stress.

VA SB1332

Federally recognized Tribal Nations in the Commonwealth; consultation on permits and reviews.

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