                                 CODE OF VIRGINIA

LOANS FOR LIVING SHORELINES (§ 62.1-229.5)

Loans may be made from the Fund, in the Board&#8217;s discretion, (i) to a local
government for the purpose of establishing living shorelines, as defined in §
28.2-104.1, to protect or improve water quality and prevent the pollution of
state waters or (ii) to a local government that has developed a funding program
to provide low-interest loans or other incentives to businesses or individual
citizens of the Commonwealth to facilitate the establishment of living
shorelines to protect or improve water quality and prevent the pollution of
state waters. To be eligible for loan funding, a business shall be located
within a locality that is in the Rural Coastal Virginia Community Enhancement
Authority as defined in § 15.2-7600. Eligible businesses include
bed-and-breakfast operations, campgrounds, and restaurants, as defined in §
35.1-1, and businesses that use working waterfronts, as defined in § 15.2-2201.
The Board shall develop guidelines for the administration of such loans.

HISTORY: 2015, c. 474; 2019, c. 497.