2025 Regular SessionVirginia Legislature

HB2461: Disaster Assistance Fund; established.

Legislative Summary

Disaster Assistance Fund; established. Establishes the Disaster Assistance Fund for the purpose of addressing life, safety, and housing costs related to a disaster that are not covered by any form of federal assistance, private donations, or insurance. Expenditures and disbursements from the Fund require authorization by the General Assembly. In addition to all other appropriations to the Fund, the bill also directs proceeds generated from the Commonwealth's participation in the Regional Greenhouse Gas Initiative auction that occurred in December 2023 and deposited into the Regional Greenhouse Gas Initiative Fund with the Department of Environmental Quality and all interest accrued to such fund.

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

1/8/2025
Prefiled and ordered printed; Offered 01-08-2025 25102940D
House of Delegates
1/8/2025
Referred to Committee on Appropriations
House of Delegates
1/16/2025
Fiscal Impact Statement from Department of Planning and Budget (HB2461)
House of Delegates
2/4/2025
Left in Appropriations
House of Delegates

Status Information

Current Status
Introduced(1/8/2025)
Chamber
House of Delegates
Committee
Appropriations(House of Delegates)

Sponsors

Republican: 1

Documents

Introduced
Bill Text1/8/20254.6 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/16/2025120.4 KB