                                 CODE OF VIRGINIA

CONDITION FOR MAKING LOANS OR GRANTS (§ 10.1-603.20)

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
§ 10.1-603.19 only when the following conditions exist:

   1. 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.

   2. 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.

   3. 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.

   4. 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.

   5. [Repealed.]

B. 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.

HISTORY: 1989, cc. 462, 498; 1995, c. 510; 2002, c. 320; 2006, cc. 648, 765.