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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 completion of the project or study for which such funds are disbursed. This bill is a recommendation of the Joint Subcommittee on Recurrent Flooding.
Introduced
Jan 9, 2026
Last Action
Mar 10, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Enrolled Bill communicated to Governor on March 10, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Signed by President
Signed by Speaker
Fiscal Impact Statement from Department of Planning and Budget (SB197)
Bill text as passed Senate and House (SB197ER)
Enrolled
Passed House (99-Y 0-N 0-A)
Reconsideration of passage agreed to by House
Passed House (98-Y 0-N 0-A)
Read third time
Read second time
Reported from Appropriations (22-Y 0-N)
Referred to Committee on Appropriations
Placed on Calendar
Read first time
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Read third time and passed Senate (39-Y 0-N 0-A)
Engrossed by Senate (Voice Vote)
Read second time
Rules suspended
Passed by for the day Block Vote (Voice Vote)
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
Reported from Finance and Appropriations (15-Y 0-N)
Reported from Agriculture, Conservation and Natural Resources and rereferred to Finance and Appropriations (14-Y 0-N)
Assigned HACNR sub: Water Usage
Fiscal Impact Statement from Department of Planning and Budget (SB197)
Referred to Committee on Agriculture, Conservation and Natural Resources
Prefiled and ordered printed; Offered 01-14-2026 26102394D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Governor's Action Deadline 11:59 p.m., April 13, 2026
Angelia Williams Graves