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2010 SESSION

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HB 46 Virginia Defective Drywall Correction and Restoration Assistance Fund; created.

Introduced by: G. Glenn Oder | all patrons    ...    notes | add to my profiles | history

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION:

Virginia Disaster Response Fund; hazardous materials in dwellings.  Creates the Virginia Defective Drywall Correction and Restoration Assistance Fund to promote the correction and restoration of residential property affected by the environmental problems attributable to defective drywall used in new construction or renovation that occurred between 2001 and 2008.  The fund will be administered by the Virginia Resources Authority and the Department of Housing and Community Development.  Under the bill, the Department of Housing and Community Development would develop guidelines for the distribution of loans or grants from the Fund to particular recipients. The grants and loans may be used to pay the reasonable and necessary costs associated with (i) the remediation of a contaminated property to remove hazardous substances, hazardous wastes, or solid wastes, (ii) the stabilization or restoration of such structures or (iii) the demolition and removal of the existing structures or other work necessary to remediate or reuse the real property.  The bill also makes defective drywall restoration or remediation projects eligible for financing by the Authority.

SUMMARY AS PASSED:

Virginia Disaster Response Fund; hazardous materials in dwellings.  Creates the Virginia Defective Drywall Correction and Restoration Assistance Fund to promote the correction and restoration of residential property affected by the environmental problems attributable to defective drywall used in new construction or renovation that occurred between 2001 and 2008.  The fund will be administered by the shall be Virginia Resources Authority and the Department of Housing and Community Development.  Under the bill, the Department of Housing and Community Development would develop guidelines for the distribution of loans or grants from the Fund to particular recipients. The grants and loans may be used to pay the reasonable and necessary costs associated with (i) the remediation of a contaminated property to remove hazardous substances, hazardous wastes, or solid wastes, (ii) the stabilization or restoration of such structures or (iii) the demolition and removal of the existing structures or other work necessary to remediate or reuse the real property. 

SUMMARY AS PASSED HOUSE:

Virginia Disaster Response Fund; hazardous materials in dwellings. Authorizes funds from the Virginia Disaster Response Fund to be disbursed to political subdivisions for the removal of hazardous materials from, and subsequent repair of, dwelling units. In order to qualify for disbursements from the fund pursuant to this subdivision, the existence of the hazard in the dwelling unit shall be certified by the political subdivision, and application for the funds, which are specifically designated for this purpose by the Coordinator of Emergency Management, shall be made by the political subdivision on behalf of the owner of the dwelling unit. Any moneys disbursed from the fund shall be paid directly to the political subdivision, and removal of the hazardous materials and repairs shall be authorized and completed in accordance with the Coordinator of Emergency Management.

SUMMARY AS INTRODUCED:

Virginia Disaster Response Fund; hazardous materials in dwellings.  Authorizes funds from the Virginia Disaster Response Fund to be disbursed to political subdivisions for the removal of hazardous materials from, and subsequent repair of, dwelling units.