{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-603.18.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-603.18.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-603.18.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-603.18.html"}],"law_id":65695,"edition_id":1,"section_id":65695,"structure_id":13451,"section_number":"10.1-603.18","catch_line":"Administration of the Fund","history":"1989, cc. 462, 498; 1995, c. 510; 2002, c. 320; 2006, cc. 648, 765; 2010, c. 13.","full_text":"The Authority shall administer and manage the Fund, and establish the interest rates and the repayment terms of such loans as provided in this article, in accordance with a memorandum of agreement with the Director. The Director shall, after consultation with all interested parties, develop a guidance document governing project eligibility and project priority criteria, and the Director, upon approval from the Virginia Soil and Water Conservation Board, shall direct the distribution of loans and grants from the Fund to local governments and private entities. In order to carry out the administration and management of the Fund, the Authority may employ officers, employees, agents, advisers and consultants, including without limitation, attorneys, financial advisors, engineers, and other technical advisors and public accountants, and determine their duties and compensation without the approval of any other agency or instrumentality. The Authority may disburse from the Fund reasonable costs and expenses incurred in the administration and management of the Fund and may establish and collect a reasonable fee for its management services. However, any such fee shall not exceed one-eighth of one percent of any bond par, loan or grant amount.","order_by":null,"text":{"0":{"id":238775,"text":"The Authority shall administer and manage the Fund, and establish the interest rates and the repayment terms of such loans as provided in this article, in accordance with a memorandum of agreement with the Director. The Director shall, after consultation with all interested parties, develop a guidance document governing project eligibility and project priority criteria, and the Director, upon approval from the Virginia Soil and Water Conservation Board, shall direct the distribution of loans and grants from the Fund to local governments and private entities. In order to carry out the administration and management of the Fund, the Authority may employ officers, employees, agents, advisers and consultants, including without limitation, attorneys, financial advisors, engineers, and other technical advisors and public accountants, and determine their duties and compensation without the approval of any other agency or instrumentality. The Authority may disburse from the Fund reasonable costs and expenses incurred in the administration and management of the Fund and may establish and collect a reasonable fee for its management services. However, any such fee shall not exceed one-eighth of one percent of any bond par, loan or grant amount.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13451,"edition_id":1,"name":"Dam Safety, Flood Prevention, and Protection Assistance Fund","identifier":"1.2","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 03:44:55","date_modified":"2026-06-26 03:44:55","permalink":{"id":144311,"object_type":"structure","relational_id":13451,"identifier":"1.2","token":"10.1\/I\/6\/1.2","url":"\/10.1\/I\/6\/1.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12894,"edition_id":1,"name":"Flood Protection and Dam Safety","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":12893,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":144271,"object_type":"structure","relational_id":12894,"identifier":"6","token":"10.1\/I\/6","url":"\/10.1\/I\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12893,"edition_id":1,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12740,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":143315,"object_type":"structure","relational_id":12893,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12740,"edition_id":1,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":143313,"object_type":"structure","relational_id":12740,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":61461,"structure_id":13451,"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","metadata":false},{"id":58185,"structure_id":13451,"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","metadata":false},{"id":81027,"structure_id":13451,"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","metadata":false},{"id":65695,"structure_id":13451,"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","metadata":false},{"id":60566,"structure_id":13451,"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","metadata":false},{"id":81747,"structure_id":13451,"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","metadata":false},{"id":86471,"structure_id":13451,"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","metadata":false},{"id":86256,"structure_id":13451,"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","metadata":false},{"id":61348,"structure_id":13451,"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","metadata":false},{"id":66250,"structure_id":13451,"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","metadata":false},{"id":78648,"structure_id":13451,"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","metadata":false},{"id":54410,"structure_id":13451,"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","metadata":false},{"id":57810,"structure_id":13451,"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","metadata":false},{"id":84138,"structure_id":13451,"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","metadata":false},{"id":85550,"structure_id":13451,"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","metadata":false}],"previous_section":{"id":81027,"structure_id":13451,"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","metadata":false},"next_section":{"id":60566,"structure_id":13451,"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","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-603.18\/","history_text":"

This law was first created in 1989. The record of its establishment is cataloged in chapters 462 and 498 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1989 \u201cActs\u201d aren\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1995, chapter 510<\/a>; in 2002, chapter 320<\/a>; in 2006, chapters 648<\/a> and 765<\/a>; in 2010, chapter 13<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":144325,"object_type":"law","relational_id":65695,"identifier":"10.1-603.18","token":"10.1\/I\/6\/1.2\/10.1-603.18","url":"\/10.1-603.18\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-603.18\/","token":"10.1\/I\/6\/1.2\/10.1-603.18","dublin_core":{"Title":"Administration of the Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.18","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> shall administer and manage the Fund<\/span>, and establish the interest rates and the repayment terms of such loans as provided in this article, in accordance with a memorandum<\/span> of agreement with the Director<\/span>. The Director<\/span> shall, after consultation with all interested parties, develop a guidance document governing project<\/span> eligibility and project<\/span> priority criteria, and the Director<\/span>, upon approval from the Virginia Soil and Water Conservation Board<\/span>, shall direct the distribution of loans and grants from the Fund<\/span> to local governments<\/span> and private entities<\/span>. In order<\/span> to carry out the administration and management of the Fund<\/span>, the Authority<\/span> may employ officers, employees, agents, advisers and consultants, including without limitation, attorneys, financial advisors, engineers, and other technical advisors and public accountants, and determine their duties and compensation without the approval of any other agency or instrumentality. The Authority<\/span> may disburse from the Fund<\/span> reasonable costs and expenses incurred in the administration and management of the Fund<\/span> and may establish and collect a reasonable fee for its management services. However, any such fee shall not exceed one-eighth of one percent of any bond<\/span> par, loan or grant amount.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nADMINISTRATION OF THE FUND (\u00a7 10.1-603.18)\n\nThe Authority shall administer and manage the Fund, and establish the interest\nrates and the repayment terms of such loans as provided in this article, in\naccordance with a memorandum of agreement with the Director. The Director shall,\nafter consultation with all interested parties, develop a guidance document\ngoverning project eligibility and project priority criteria, and the Director,\nupon approval from the Virginia Soil and Water Conservation Board, shall direct\nthe distribution of loans and grants from the Fund to local governments and\nprivate entities. In order to carry out the administration and management of the\nFund, the Authority may employ officers, employees, agents, advisers and\nconsultants, including without limitation, attorneys, financial advisors,\nengineers, and other technical advisors and public accountants, and determine\ntheir duties and compensation without the approval of any other agency or\ninstrumentality. The Authority may disburse from the Fund reasonable costs and\nexpenses incurred in the administration and management of the Fund and may\nestablish and collect a reasonable fee for its management services. However, any\nsuch fee shall not exceed one-eighth of one percent of any bond par, loan or\ngrant amount.\n\nHISTORY: 1989, cc. 462, 498; 1995, c. 510; 2002, c. 320; 2006, cc. 648, 765;\n2010, c. 13.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}