CHAPTER 123
An Act to amend the Code of Virginia by adding a section numbered 15.2-958.7, relating to local Foundation and Soil Management Fund.
[H 1659]
Approved March 19, 2025
Be it enacted by the General Assembly of Virginia:
1. That the Code of Virginia is amended by adding a section numbered 15.2-958.7 as follows:
15.2-958.7. Local Foundation and Soil Management Fund; grant moneys.
Any locality may by ordinance create a local Foundation and Soil Management Fund consisting of appropriated local moneys for the purpose of granting funds to an owner of private property or a common interest community, as that term is defined in 54.1-2345, for foundation management and soil settlement repairs on previously developed lands. Grants from such fund shall be used only for (i) the construction, improvement, or repair of a foundation; (ii) soil settlement and compaction control; (iii) foundation failure and soil compaction mitigation and protection measures that are a part of a locality's comprehensive plan to address foundation failure and soil compaction mitigation and protection; or (iv) joint foundation repair and soil compaction mitigation projects. Grants made pursuant to clause (iii) shall, where practicable, prioritize projects that include nature-based practices.