VA HB24 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 19 2019 - 25% progression
Action: 2019-11-19 - Committee Referral Pending
Text: Latest bill text (Prefiled) [HTML]

Summary

Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2020; report. Establishes the Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2020, which establishes the Commonwealth of Virginia as a nonfederal sponsor of hurricane and flooding risk reduction projects. There is also established the Virginia Hurricane and Flood Risk Reduction Authority (the Authority) and a board of directors (the Board) of the Authority. The Board shall exercise for the Governor executive authority over all phases of hurricane and flood risk reduction programs, including investigations, construction, operations, and maintenance. The Authority shall be established to fulfill the directives of the Board. The Authority shall be hosted by a department of the Commonwealth as designated by the Governor. That department shall provide support to the Authority, including budgeting, work facilities, administrative management, logistics, human resources, legal, contracts, and information resources. The Joint Legislative Audit and Review Commission (JLARC) shall consult with Louisiana's Legislative Fiscal Office to assess the increased state and local tax flows in Louisiana that resulted from post-Katrina federal spending, including spending for civil works storm and flooding risk reduction projects. The bill requires JLARC to report to the General Assembly no later than November 1, 2020, on the results of its initial assessment.

Tracking Information

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Title

Hurricane and Flooding Risk Reduction and Bond Rating Protection Act of 2020; established, report.

Sponsors


History

DateChamberAction
2019-11-19HouseCommittee Referral Pending
2019-11-19HousePrefiled and ordered printed; offered 01/08/20 20100481D

Virginia State Sources


Bill Comments

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