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Virginia Water Quality Improvement Fund; Virginia Natural Resources Commitment Fund. Directs the Director of the Department of Conservation and Recreation to establish a reserve fund within the Virginia Water Quality Improvement Fund (the Fund) to be used when annual general fund revenue collections do not exceed the official revenue estimates contained in the general appropriation act and requires 15 percent of any amounts appropriated to the Fund due to annual general fund revenue collections in excess of the official estimates contained in the general appropriation act to be withheld from appropriation and held in the reserve fund unless otherwise specified. The bill also changes the formula for allocating moneys in the Virginia Natural Resources Commitment Fund and provides that, in any fiscal year, any funds distributed to the Virginia Agricultural Best Management Practices Cost-Share Program for the purpose of matching grants for agricultural best management practices on lands in the Commonwealth that cannot be obligated or are not used due to a cancelled contract by a grant recipient during such fiscal year, regardless of whether such lands are within or outside of the Chesapeake Bay watershed, may be reappropriated by the Virginia Soil and Water Conservation Board to any soil and water conservation district with pending documented requests.
Introduced
Jan 6, 2025
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Left in Finance and Appropriations
Fiscal Impact Statement from Department of Planning and Budget (SB958)
Reported from Agriculture, Conservation and Natural Resources with substitute and rereferred to Finance and Appropriations (14-Y 0-N)
Committee substitute printed 25105615D-S1
Fiscal Impact Statement from Department of Planning and Budget (SB958)
Referred to Committee on Agriculture, Conservation and Natural Resources
Prefiled and ordered printed; Offered 01-08-2025 25102354D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance and Appropriations
Richard H. Stuart