HB70
Resilient Virginia Revolving Fund; projects in low-income geographic areas, nature-based solutions.
Status:
In House
Latest Action:
Feb. 4, 2026
House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (21-Y 1-N)
Chief Patron:
Michael Feggans (D)
Session:
2026 Regular Session
Summary
As Introduced. Resilient Virginia Revolving Fund; projects; low-income geographic areas and nature-based solutions; Interagency Resilience Management Team powers and duties.
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 ... (More) 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. The bill also directs the Department to require, prior to each new loan or grant offering, that the Interagency Resilience Management Team review applications to the Fund and make recommendations on the disbursements of moneys from the Fund to the Department. This bill is a recommendation of the Joint Subcommittee on Recurrent Flooding. (Less)-
Bill History
- 12/31/2025 - House: Prefiled and ordered printed; Offered 01-14-2026 26103054D
- 12/31/2025 - House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 01/19/2026 - House: Assigned HACNR sub: Natural Resources
- 01/20/2026 - House: Placed on Agriculture, Chesapeake and Natural Resources Agenda
- 01/26/2026 - House: Fiscal Impact Statement from Department of Planning and Budget (HB70)
- 01/27/2026 - House: Placed on Agriculture, Chesapeake and Natural Resources Agenda
- 01/28/2026 - House: House subcommittee offered
- 01/28/2026 - House: Subcommittee recommends reporting with substitute (10-Y 0-N)
- 02/03/2026 - House: Placed on Agriculture, Chesapeake and Natural Resources Agenda
- 02/04/2026 - House: Reported from Agriculture, Chesapeake and Natural Resources with substitute (21-Y 1-N)
