Virginia Community Flood Preparedness Fund; loan and grant program, deferment of interest accrual.

Where it is in the process

Plain-English Summary

Virginia Community Flood Preparedness Fund; loan and grant program; deferment of interest accrual and repayment obligations. Provides that for funds disbursed to localities, federally recognized tribes, and Virginia recognized tribes primarily for the purpose of implementing flood prevention and protection projects and studies in areas that are subject to recurrent flooding, interest on loans shall not accrue and repayment obligations shall not come into effect for loans or grants until completi…

Source: OpenStates · fetched April 22, 2026

Who it affects

Tribal / Indigenous

Tribes will have access to loans and grants for flood prevention and protection projects and studies, with deferred interest accrual and repayment obligations.

AI-extracted

Who This AffectsAI analysis

Tribal / IndigenousdirectModerate impactHigh certainty
Tribes will have access to loans and grants for flood prevention and protection projects and studies, with deferred interest accrual and repayment obligations.
“Provides that for funds disbursed to localities, federally recognized tribes, and Virginia recognized tribes primarily for the purpose of implementing flood prevention and protection projects and studies in areas that are subject to recurrent flooding, interest on loans shall not accrue and repayment obligations shall not come into effect for loans or grants until completi…”· Virginia Community Flood Preparedness Fund; loan and grant program; deferment of interest accrual and repayment obligations.

What the Bill Does

Establishes a loan and grant program for flood prevention and protection projects.
Defers interest accrual and repayment obligations for loans and grants disbursed to localities, federally recognized tribes, and Virginia recognized tribes.
Applies to projects and studies in areas subject to recurrent flooding.

Votes

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