                                 CODE OF VIRGINIA

COMBINED SEWER OVERFLOW MATCHING FUND ESTABLISHED; PURPOSES (§ 62.1-241.12)

There is hereby established the Combined Sewer Overflow Matching Fund
(&#8220;Fund&#8221;) to match federal money for purposes of providing grants to
localities for CSO projects. The Fund shall be established out of the sums
appropriated from time to time by the General Assembly for the purpose of
matching federal funds allocated to Virginia for CSO controls. The Fund, and all
income from the investment of moneys held in the Fund and any other sums
designated for deposit to the Fund from any source, public or private, shall be
set apart as a permanent and perpetual fund, subject to liquidation only upon
the solution of Virginia&#8217;s combined sewer overflow problems, as may be
determined by the General Assembly. The Fund shall be administered and managed
by the Virginia Resources Authority, subject to the right of the State Water
Control Board, following consultation with the Authority, to direct the
distribution of grants from the Fund to particular local governments. The State
Water Control Board may establish such terms and conditions on any grant as it
deems appropriate, and grants shall be disbursed from the Fund by the Virginia
Resources Authority in accordance with the written direction of the State Water
Control Board.

HISTORY: 1992, c. 363.