GOVERNOR'S RECOMMENDATION

1. Line 40, enrolled, after continued

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the remainder of line 40 and through nonreverting on line 41

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as a permanent and perpetual

2. Line 41, enrolled, after Preparedness Fund

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the remainder of line 41 and through Comptroller on line 42

3. Line 42, enrolled, after All

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sums that are designated for deposit, for the purpose of assisting localities and their residents affected by recurrent flooding, sea level rise, and flooding from severe weather events, in the Fund from revenue generated by the sale of emissions allowances, all

4. Line 47, enrolled, after be

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the remainder of line 47 and through credited on line 48

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designated for deposit

5. Line 49, enrolled, after including

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any appropriated funds and all principal,

6. Line 49, enrolled, after interest

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thereon

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accrued, and payments

7. Line 51, enrolled, after enhancing

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resiliency

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flood prevention or protection and coastal resilience

8. Line 55, enrolled, after article.

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the remainder of line 55, all of line 56, and through of the Authority. on line 57

9. Line 58, enrolled, after article

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in accordance with a memorandum of agreement with the Department

10. Line 59, enrolled, after of the Fund.

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The Department shall direct distribution of loans and grants from the Fund in accordance with the provisions of subsection D.

11. Line 60, enrolled, after C.

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The Authority is authorized at any time and from time to time to pledge, assign, or transfer from the Fund or any bank or trust company designated by the Authority any or all of the assets of the Fund to be held in trust as security for the payment of principal of, premium, if any, and interest on any and all bonds, as defined in § 62.1-199, issued to finance any flood prevention or protection project undertaken pursuant to the provisions of this article. In addition, the Authority is authorized at any time and from time to time to sell upon such terms and conditions as the Authority deems appropriate any loan or interest thereon made pursuant to this article. The net proceeds of the sale remaining after payment of costs and expenses shall be designated for deposit to, and become part of, the Fund.

D.

12. At the beginning of line 65, enrolled

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D

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E

13. Line 70, enrolled, after of the

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money

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moneys

14. Line 72, enrolled, after activities

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and

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that

15. At the beginning of line 73, enrolled

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E

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F

16. At the beginning of line 79, enrolled

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F

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G