{"law_id":"772651","section_number":"10.1-603.20","catch_line":"Condition for making loans or grants","history":"1989, cc. 462, 498; 1995, c. 510; 2002, c. 320; 2006, cc. 648, 765.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/10.1-603.20\/","refers_to":[{"id":"769354","section_number":"10.1-603.19","catch_line":"Purposes for which Fund is to be used; Authority to set terms and conditions of loans","url":"\/10.1-603.19\/"}],"url":"\/10.1-603.20\/","token":"10.1\/I\/6\/1.2\/10.1-603.20","structure":{"1":{"id":"161","name":"Dam Safety, Flood Prevention, And Protection Assistance Fund.","identifier":"1.2","label":"article","url":"\/10.1\/I\/6\/1.2\/"},"2":{"id":"160","name":"Flood Protection And Dam Safety","identifier":"6","label":"chapter","url":"\/10.1\/I\/6\/"},"3":{"id":"159","name":"Activities Administered By The Department Of Conservation And Recreation","identifier":"I","label":"subtitle","url":"\/10.1\/I\/"},"4":{"id":"158","name":"Conservation","identifier":"10.1","label":"title","url":"\/10.1\/"}},"referred_to_by":false,"edition_id":"11","section_id":"772651","structure_id":"161","full_text":"A The Director may authorize a loan or grant for flood prevention or protection projects, or for flood prevention or protection studies under the provisions of \u00a7 10.1-603.19 only when the following conditions exist:\r\rB The Director shall develop guidance criteria for making loans and grants for dam safety repair projects. Priority shall be given to making loans for high hazard dams.\r\r","text":{"0":{"id":"2490798","text":"The Director may authorize a loan or grant for flood prevention or protection projects, or for flood prevention or protection studies under the provisions of \u00a7 10.1-603.19 only when the following conditions exist:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2490799","text":" An application for the loan or grant has been submitted by an applicant in the manner and form specified by the Director, setting forth the amount of the loan or grant requested, and the use to which the loan or grant will be applied. The application shall describe in detail (i) the area to be studied or protected, including the population and the value of property to be protected, historic flooding data and hydrologic studies projecting flood frequency; (ii) the estimated cost-benefit ratio of the project; (iii) the ability of the locality to provide its share of the cost; (iv) the administration of local flood plain management regulations; and (v) other necessary information to establish project or study priority.","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2},"2":{"id":"2490800","text":" The local government agrees and furnishes assurance, satisfactory to the Director, that it will satisfactorily maintain any structure financed, in whole or in part, through the loans or grants provided under this article.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2},"3":{"id":"2490801","text":" If the requested loan or grant is sought to acquire land, the Director shall require satisfactory evidence prior to acting on the request that the local government will acquire the land if the loan or grant is made.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2},"4":{"id":"2490802","text":" A local government is eligible to receive a grant once every five years, provided that it has a flood mitigation plan approved by the Director and has demonstrated satisfactory evidence of plan implementation. Lacking an approved plan the local government is eligible for a grant once every ten years.","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2},"5":{"id":"2490803","text":" [Repealed.]","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2},"6":{"id":"2490804","text":"The Director shall develop guidance criteria for making loans and grants for dam safety repair projects. Priority shall be given to making loans for high hazard dams.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1}},"ancestry":{"1":{"id":"161","name":"Dam Safety, Flood Prevention, And Protection Assistance Fund.","identifier":"1.2","label":"article","url":"\/10.1\/I\/6\/1.2\/"},"2":{"id":"160","name":"Flood Protection And Dam Safety","identifier":"6","label":"chapter","url":"\/10.1\/I\/6\/"},"3":{"id":"159","name":"Activities Administered By The Department Of Conservation And Recreation","identifier":"I","label":"subtitle","url":"\/10.1\/I\/"},"4":{"id":"158","name":"Conservation","identifier":"10.1","label":"title","url":"\/10.1\/"}},"structure_contents":{"0":{"id":"782317","structure_id":"161","section_number":"10.1-603.16","catch_line":"Definitions","url":"\/10.1-603.16\/","token":"10.1\/I\/6\/1.2\/10.1-603.16"},"1":{"id":"790541","structure_id":"161","section_number":"10.1-603.16:1","catch_line":"Certified mail; subsequent mail or notices may be sent by regular mail","url":"\/10.1-603.16:1\/","token":"10.1\/I\/6\/1.2\/10.1-603.16:1"},"2":{"id":"781146","structure_id":"161","section_number":"10.1-603.17","catch_line":"Dam Safety, Flood Prevention and Protection Assistance Fund established","url":"\/10.1-603.17\/","token":"10.1\/I\/6\/1.2\/10.1-603.17"},"3":{"id":"779192","structure_id":"161","section_number":"10.1-603.18","catch_line":"Administration of the Fund","url":"\/10.1-603.18\/","token":"10.1\/I\/6\/1.2\/10.1-603.18"},"4":{"id":"795619","structure_id":"161","section_number":"10.1-603.18:1","catch_line":"Deposit of money; expenditures; investments","url":"\/10.1-603.18:1\/","token":"10.1\/I\/6\/1.2\/10.1-603.18:1"},"5":{"id":"779338","structure_id":"161","section_number":"10.1-603.18:2","catch_line":"Collection of money due Fund","url":"\/10.1-603.18:2\/","token":"10.1\/I\/6\/1.2\/10.1-603.18:2"},"6":{"id":"769354","structure_id":"161","section_number":"10.1-603.19","catch_line":"Purposes for which Fund is to be used; Authority to set terms and conditions of loans","url":"\/10.1-603.19\/","token":"10.1\/I\/6\/1.2\/10.1-603.19"},"7":{"id":"773426","structure_id":"161","section_number":"10.1-603.19:1","catch_line":"Payments from a developer or subdivider","url":"\/10.1-603.19:1\/","token":"10.1\/I\/6\/1.2\/10.1-603.19:1"},"8":{"id":"772651","structure_id":"161","section_number":"10.1-603.20","catch_line":"Condition for making loans or grants","url":"\/10.1-603.20\/","token":"10.1\/I\/6\/1.2\/10.1-603.20"},"9":{"id":"787059","structure_id":"161","section_number":"10.1-603.21","catch_line":"Repealed","url":"\/10.1-603.21\/","token":"10.1\/I\/6\/1.2\/10.1-603.21"},"10":{"id":"775608","structure_id":"161","section_number":"10.1-603.22:1","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/10.1-603.22:1\/","token":"10.1\/I\/6\/1.2\/10.1-603.22:1"},"11":{"id":"771758","structure_id":"161","section_number":"10.1-603.22:2","catch_line":"Sale of loans","url":"\/10.1-603.22:2\/","token":"10.1\/I\/6\/1.2\/10.1-603.22:2"},"12":{"id":"765075","structure_id":"161","section_number":"10.1-603.22:3","catch_line":"Powers of the Authority","url":"\/10.1-603.22:3\/","token":"10.1\/I\/6\/1.2\/10.1-603.22:3"},"13":{"id":"794735","structure_id":"161","section_number":"10.1-603.22:4","catch_line":"Liberal construction of article","url":"\/10.1-603.22:4\/","token":"10.1\/I\/6\/1.2\/10.1-603.22:4"},"14":{"id":"786504","structure_id":"161","section_number":"10.1-603.23","catch_line":"Record of application for grants or loans and action taken","url":"\/10.1-603.23\/","token":"10.1\/I\/6\/1.2\/10.1-603.23"}},"previous_section":{"id":"773426","structure_id":"161","section_number":"10.1-603.19:1","catch_line":"Payments from a developer or subdivider","url":"\/10.1-603.19:1\/","token":"10.1\/I\/6\/1.2\/10.1-603.19:1"},"next_section":{"id":"787059","structure_id":"161","section_number":"10.1-603.21","catch_line":"Repealed","url":"\/10.1-603.21\/","token":"10.1\/I\/6\/1.2\/10.1-603.21"},"references":false,"formats":{"txt":"\/10.1-603.20.txt","json":"\/10.1-603.20.json","xml":"\/10.1-603.20.xml"},"dublin_core":{"Title":"Condition for making loans or grants","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.20","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nCONDITION FOR MAKING LOANS OR GRANTS (\u00a7 10.1-603.20)\n\nA. The Director may authorize a loan or grant for flood prevention or protection\nprojects, or for flood prevention or protection studies under the provisions of\n\u00a7 10.1-603.19 only when the following conditions exist:\n\n   1.  An application for the loan or grant has been submitted by an applicant in\n   the manner and form specified by the Director, setting forth the amount of the\n   loan or grant requested, and the use to which the loan or grant will be\n   applied. The application shall describe in detail (i) the area to be studied\n   or protected, including the population and the value of property to be\n   protected, historic flooding data and hydrologic studies projecting flood\n   frequency; (ii) the estimated cost-benefit ratio of the project; (iii) the\n   ability of the locality to provide its share of the cost; (iv) the\n   administration of local flood plain management regulations; and (v) other\n   necessary information to establish project or study priority.\n\n   2.  The local government agrees and furnishes assurance, satisfactory to the\n   Director, that it will satisfactorily maintain any structure financed, in\n   whole or in part, through the loans or grants provided under this article.\n\n   3.  If the requested loan or grant is sought to acquire land, the Director\n   shall require satisfactory evidence prior to acting on the request that the\n   local government will acquire the land if the loan or grant is made.\n\n   4.  A local government is eligible to receive a grant once every five years,\n   provided that it has a flood mitigation plan approved by the Director and has\n   demonstrated satisfactory evidence of plan implementation. Lacking an approved\n   plan the local government is eligible for a grant once every ten years.\n\n   5.  [Repealed.]\n\nB. The Director shall develop guidance criteria for making loans and grants for\ndam safety repair projects. Priority shall be given to making loans for high\nhazard dams.\n\nHISTORY: 1989, cc. 462, 498; 1995, c. 510; 2002, c. 320; 2006, cc. 648, 765."}