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2020 SESSION

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HB 794 Flood Insurance Fund; established, low-income Virginians.

Introduced by: Alex Q. Askew | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Flood Insurance Fund; low-income Virginians. Creates a Flood Insurance Fund and directs the Executive Director of the Board of Directors of the Virginia Resources Authority to establish a program to use the Fund to subsidize the purchase of flood insurance by low-income Virginians. Such program shall include an application process, application guidelines, and a ranking system that prioritizes the use of the Fund to support the purchase of flood insurance in the most flood-prone areas.


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