SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY ––-- CHAPTER2024 ESESSION NCHAPTER 701 An Act to amend and reenact § 15.2-958.5 of the Code of Virginia, relating to community revitalization fund;

expanding use for all localities.flocalities. the Code of Virginia, relating to community revitalization R O [S 49] L Approved Be it enacted by the General Assembly of Virginia:

L[S 1.49] Approved April 8, 2024 Be it enacted by the General Assembly of Virginia:

1.

E§ A.15.2-958.5.

Local funding for community revitalization.

A.

and S 3.

4C. communities in which community revitalization funds may be expended and (ii) criteria for participation by for-profit and nonprofit organizations that may be eligible for loans or grants pursuant to the provisions of this section.

Such ordinance shall establish (i) qualifying income guidelines for participants and the communities in which community revitalization funds may be expended and (ii) criteria for participation by for-profit and nonprofit organizations that may be eligible for loans or grants pursuant to the provisions of this section.