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Bill > HB70
VA HB70
VA HB70Resilient Virginia Revolving Fund; projects in low-income geographic areas, nature-based solutions.
summary
Introduced
12/31/2025
12/31/2025
In Committee
03/03/2026
03/03/2026
Crossed Over
02/09/2026
02/09/2026
Passed
04/06/2026
04/06/2026
Dead
Signed/Enacted/Adopted
04/06/2026
04/06/2026
Introduced Session
2026 Regular Regular Session
Bill Summary
Resilient Virginia Revolving Fund; projects; low-income geographic areas and nature-based solutions. Provides that the Department of Conservation and Recreation shall give additional weight to projects located in low-income geographic areas and projects that incorporate nature-based solutions when distributing loans or grants from the Resilient Virginia Revolving Fund to particular local governments. The bill allows the Virginia Resources Authority to contract with any person to serve as a program administrator to be approved by the Department to assist in the distribution of loans and grants to local governments. As introduced, this bill was a recommendation of the Joint Subcommittee on Recurrent Flooding.
AI Summary
This bill amends the Resilient Virginia Revolving Fund, which provides loans and grants to local governments for resilience projects, by requiring the Department of Conservation and Recreation to give extra consideration to projects located in low-income geographic areas and those that use nature-based solutions, which are environmentally friendly approaches to managing natural resources. Additionally, the bill allows the Virginia Resources Authority, which manages the fund, to hire external program administrators, approved by the Department, to help distribute these loans and grants to local governments, and permits a portion of the fund to be used for administrative fees for these program administrators. This change stems from recommendations made by a joint subcommittee focused on recurrent flooding.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Acts of Assembly Chapter text (CHAP0057) (on 04/06/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20261/HB70 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/CHAP0057 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB70) | https://lis.blob.core.windows.net/files/1213163.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/HB70ER |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB70) | https://lis.blob.core.windows.net/files/1143256.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/HB70H1 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/HB70HC2 |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/HB70HC1 |
| Fiscal Note/Analysis - Fiscal Impact Statement from Department of Planning and Budget (HB70) | https://lis.blob.core.windows.net/files/1096642.PDF |
| BillText | https://lis.virginia.gov/bill-details/20261/HB70/text/HB70 |
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