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2004 SESSION

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HB 693 Natural and Historic Resources Fund and Commission; created, report.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Natural and Historic Resources Fund. Creates the Virginia Natural and Historic Resources Fund. This permanent, nonreverting fund will consist of moneys appropriated to it by the General Assembly and any other public or private moneys. The moneys in the Fund will be allocated by the Secretary of Natural Resources to the Virginia Land Conservation Fund and the Virginia Water Quality Improvement Fund. The bill establishes the seven-member Virginia Natural and Historic Resources Fund Commission, which is to provide recommendations to the Secretary regarding the allocation of moneys in the Fund. The Secretary is the chairman of the Commission. The six citizen members will be individuals who have experience or expertise in the areas of natural and historic resource conservation and protection. Under the legislation, a $10 fee is assessed on various deeds for which the state recordation tax is collected and on the recordation of a certificate of satisfaction.


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