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2022 SESSION

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HB 845 Resilient Virginia Revolving Loan Fund; created.

Introduced by: Robert S. Bloxom, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Resources Authority; Resilient Virginia Revolving Loan Fund. Creates the Resilient Virginia Revolving Loan Fund, for which sums are appropriated by the General Assembly, and that is administered and managed by the Virginia Resources Authority, with oversight given to the Soil and Water Conservation Board. The bill provides guidelines for deposits, expenditures, and investments and requires an annual audit of the Authority. The Authority can collect money for the Fund. The bill provides that the Fund be used for loans or to refinance projects for local governments or to give grants to them; that the Fund may be used for loans or grants for individuals; guidelines for the priority of such loans and grants. In addition, the bill provides that the Authority may pledge loans to secure bonds and sell loans.

FULL TEXT

• 01/12/22  House: Prefiled and ordered printed; offered 01/12/22 22101726D  pdf

HISTORY

• 01/12/22  House: Prefiled and ordered printed; offered 01/12/22 22101726D
• 01/12/22  House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
• 01/26/22  House: Stricken from docket by Agriculture, Chesapeake and Natural Resources (22-Y 0-N)