Virginia House Bill 5 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 7 2021 - 25% progression, died in chamber
Action: 2022-02-11 - Tabled in Appropriations (18-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Flood Relief Fund established. Establishes Flood Relief Fund established. Establishes the Flood Relief Fund (the Fund), funded by reducing the allocation of Regional Greenhouse Gas Initiative (RGGI) funds to the Community Flood Preparedness Fund from 45 to 40 percent and allocating the five percent to the Fund. The Flood Relief Fund is administered by the Virginia Department of Emergency Management (VDEM) and used to make payments to owners of property that is damaged by a flood, landslide, or mudslide for which the President declares a major disaster under the federal Stafford Act. Under the bill, claims are paid at 175 percent of property value in a double distressed locality, 150 percent of property value in a distressed locality, and 100 percent of property value in all other localities. Claims are limited to $1 million for commercial properties and $500,000 for residential properties and are exempt from individual and corporate income tax. If there are no flood disasters, VDEM will award grants for flood prevention efforts to applicants in double distressed localities. The bill provides that if Virginia withdraws from RGGI, $50 million of any unobligated auction proceeds will be reallocated to the Fund from the accounts established for flood preparedness and low-income energy efficiency programs.

Flood Relief Fund; established.

Del. James Morefield [R]

2022-02-11 - House - House: Tabled in Appropriations (18-Y 0-N) (Y: 18 N: 0 NV: 0 Abs: 4) [PASS]

Date	Chamber	Action
2022-02-11	House	Tabled in Appropriations (18-Y 0-N)
2022-02-09	House	Assigned App. sub: Commerce Agriculture & Natural Resources
2022-02-09	House	Referred to Committee on Appropriations
2022-02-09	House	Referred from Agriculture, Chesapeake and Natural Resources by voice vote
2022-01-31	House	Assigned ACNR sub: Chesapeake
2021-12-07	House	Referred to Committee on Agriculture, Chesapeake and Natural Resources
2021-12-07	House	Prefiled and ordered printed; offered 01/12/22 22100879D

Chapter	Article	Section	Citation Type	Statute Text
10	1	1330	(n/a)	See Bill Text
58	1	322.02	(n/a)	See Bill Text
58	1	402	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB5
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB5+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB5F122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?221+vot+H02V0123+HB0005