Virginia § 29.1-101.6 - Loans to owners other than local governments
Full text of Virginia Code of Virginia § 29.1-101.6 — Loans to owners other than local governments, with citation guidance and answers to common questions.
§ 29.1-101.6. Loans to owners other than local governments
After consultation with the Commissioner of the Virginia Marine Resources Commission, the Department may offer to finance the construction of fishways for an owner, other than a local government, who owns a dam or other artificial impediment to the free passage of anadromous fish. The term of such loan shall not exceed twenty years and the interest rate shall be the prime rate for major money center banks, as reported by the latest edition of The Wall Street Journal appearing before the loan is made if the total loan exceeds fifty percent of the estimated project cost; if the total loan does not exceed fifty percent of the estimated cost of the project, the interest rate shall not be less than three percentage points below such prime rate. The Department shall approve the design of the fishway prior to the making of any loan from the Fund pursuant to this section.
1989, c. 5, § 10.1-1218; 1992, cc. 464, 887.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 29.1-101.6
What does Code of Virginia § 29.1-101.6 cover?
Section 29.1-101.6 ("Loans to owners other than local governments") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 29.1-101.6?
A common citation format is "Code of Virginia § 29.1-101.6" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 29.1-101.6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.