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2004 SESSION

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SB 527 Land and Water Conservation Trust Fund; established.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Land and Water Conservation Trust Fund. Establishes the Land and Water Conservation Trust Fund. The Fund will be capitalized from revenue generated from a fee imposed on waterworks owners of $2 per water connection, a $10 fee for each instrument recorded in deed books and upon each judgment docketed in the judgment lien docket book, general fund appropriations, and any other moneys available from public and private sources. The moneys in the Fund will then be allocated quarterly, with at least 47 percent going to the Virginia Land Conservation Fund, at least 47 percent going to the Water Quality Improvement Fund, and up to six percent expended for the management and administration of these two funds.


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