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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61826</law_id><section_number>10.1-603.35</section_number><catch_line>Loans and grants for regional projects, etc</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="10.1">Conservation</unit><unit label="subtitle" level="2" order_by="1" identifier="I">Activities Administered by the Department of Conservation and Recreation</unit><unit label="chapter" level="3" order_by="1" identifier="6">Flood Protection and Dam Safety</unit><unit label="article" level="4" order_by="1" identifier="1.4">Resilient Virginia Revolving Fund</unit></structure><text>
						<section><p>In approving loans and grants, the <span class="dictionary">Department</span> shall give preference to loans and grants for <span class="dictionary">projects</span> that will utilize private industry in the operation and maintenance of such <span class="dictionary">projects</span> where a <span class="dictionary">material</span> savings in <span class="dictionary">cost</span> can be shown over public operation and maintenance; will serve two or more <span class="dictionary">local governments</span> to encourage regional cooperation; or both.</p></section></text><history>2022, cc. 739, 782.</history><metadata></metadata></law>
