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2003 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 62.1-229.2 of the Code of Virginia is amended and reenacted as follows:
§ 62.1-229.2. Loans for remediation of contaminated properties.
Loans may be made from the Fund, in the Board's discretion, to local
governments, public authorities, partnerships or corporations for necessary
remediation activities undertaken pursuant to Chapter 12.1 (§ 10.1-1232) of
Title 10.1 at a brownfield site, as defined in § 10.1-1230, for the purpose of
reducing ground water contamination or reducing risk to public health. The Board shall develop
guidelines for the administration of such loans and shall determine the terms
and conditions of any loan from the Fund.