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2019 SESSION
HB 2783 Living shorelines; loans to businesses.
Introduced by: M. Keith Hodges | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Living shorelines; loans to businesses. Authorizes a local government that has a funding program that provides low-interest loans or other incentives for the establishment of living shorelines to provide such incentives to businesses. The bill includes bed-and-breakfast operations, campgrounds, restaurants, and businesses that use working waterfronts among the eligible businesses, and it requires such a business to be located within a locality that is in the Rural Coastal Virginia Community Enhancement Authority in order to be eligible for loan funding. Current law authorizes the provision of such incentives only to individual residents of the Commonwealth.
SUMMARY AS INTRODUCED:
Living shorelines; loans to businesses. Authorizes a local government that has a funding program to provide low-interest loans or other incentives to assist in establishing living shorelines to provide such incentives to businesses. Current law authorizes the provision of such incentives only to individual residents of the Commonwealth.