Why 3/5: The bill facilitates quicker and easier access to funds for critical flood prevention and protection projects.
Localities and tribes will find it easier to fund flood prevention and protection projects and studies in areas prone to recurrent flooding. This bill defers interest accrual and repayment obligations on loans and grants from the Virginia Community Flood Preparedness Fund until the project or study is completed.
Referred to committee
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Cleared committee
Reported from Appropriations (22-Y 0-N)
Second reading
Read second time
Third reading
Read third time
Passed a chamber
Passed House (98-Y 0-N 0-A)
Update
Reconsideration of passage agreed to by House
Passed a chamber
Passed House (99-Y 0-N 0-A)
Enrolled
Enrolled
Passed a chamber
Bill text as passed Senate and House (SB197ER)
This bill has passed its votes and is headed to the Governor's desk. You still have a say — the Governor's office reads messages before deciding whether to sign.
New to all this? See how a bill becomes law →
Summarized from the official bill text (“Virginia Community Flood Preparedness Fund; loan and grant program, deferment of interest accrual.”) · Read the actual bill →
Update
Fiscal Impact Statement from Department of Planning and Budget (SB197)
Passed a chamber
Signed by Speaker
Passed a chamber
Signed by President
Enrolled
Enrolled Bill communicated to Governor on March 10, 2026
Sent to the Governor
Governor's Action Deadline 11:59 p.m., April 13, 2026
Line-item veto
Governor's recommendation received by Senate