Virginia Senate OKs New Dam-Safety Legislation

Vadum, Matthew
February 2006
Bond Buyer;2/3/2006, Vol. 355 Issue 32312, p5
Trade Publication
The article reports on the Virginia Senate's approval of a legislation that would create a dam-safety and flood prevention revolving loan program. The program would be administered by the Virginia Resources Authority (VRA). The legislation, which is sponsored by Senator J. Brandon Bell II, will create a Dam Safety Flood Prevention and Protection Assistance Fund. Under the legislation, the VRA will have an authority to sell bonds for the fund and to lend out the proceeds generated by such bond sales to local governments.


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