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VRA Community Development Workshop Held in Martinsville
On May 2nd, 40 local government elected officials and staff from Southside Virginia gathered for a workshop focused upon public finance opportunities. The event, organized by VRA, was located at the New College Institute in Martinsville.
Celebrating Bill O'Brien's Legacy of Service
On February 7th, the Chairman of the VRA Board of Directors, Bill O'Brien, passed away at the age of 73. Mr. O'Brien had a distinguished career in public service. He was known for his kind, thoughtful, and diligent demeanor and his commitment to the Commonwealth.
Governor's Infrastructure Financing Conference Presentations
Presentations from the 2016 Conference are now available.
VRA Welcomes New Board Members
Mary B. Bunting, City Manager of Hampton, Reginald E. Gordon, Director of Office of Community Wealth Building, City of Richmond, and Cecil "Rhu" Harris Jr., County Administrator of Hanover County
Board Highlight:  State Treasurer Manju Ganeriwala
Manju Ganeriwala serves on the VRA board as the State Treasurer first appointed by Governor Kaine in January 2009, and reappointed by both Governor McDonnell in 2010, and Governor McAuliffe in 2014. Ganeriwala chairs VRA's Audit Committee and also serves on the Budget and Portfolio Risk Management Committees. As Treasurer, she oversees the investment of over $10 billion in public funds; management of over $15 billion in debt; issuance of bonds; provision of banking services; and administration of the state's insurance and unclaimed property programs. Ganeriwala also serves as the Chair of the Virginia Treasury Board and is a member of other boards including the Virginia Port Authority and Virginia Housing Development Authority.
VRA Staff Welcomes Catherine O'Brien
We are pleased to welcome Catherine O'Brien to Virginia Resources Authority (VRA) who joined in March 2016 as Accounting Manager. Catherine is responsible for planning, organizing and directing the accounting activities of the VRA. She also manages the Agency Risk Management and Internal Control Standards (ARMICS) assessment for the Authority and ensures adequate controls are implemented.
Regionalism at Work in the Middle Peninsula  Planning District Commission
The Middle Peninsula Planning District Commission (MPPDC) knew that local residents were facing grave problems with repairing failing septic systems. The Commission turned to the Clean Water Revolving Loan Fund (CWRLF) for a solution to this pressing problem. The MPPDC secured a $200,000 loan from the CWRLF to support the Regional On-site Wastewater Treatment and Disposal Funding Program. This Program was established in 1997 to improve water quality and address public health concerns in the York, Rappahannock and Lower Small Coastal Watersheds. This Program also supports the Commonwealth's Chesapeake Bay Watershed Implementation Plan.
James River Water Authority
The James River Water Authority (JRWA) secured approximately $9 million in bond proceeds from the Virginia Pooled Financing Program to provide for the long-term raw water needs of Fluvanna and Louisa Counties. JRWA plans to use these funds to construct a water intake structure on the James River, a pump station, a pipeline from the intake facility to a point close to Route 6 (near Columbia) and a "T" connection that will ultimately send water to both localities. JRWA would operate as a wholesale raw water provider and owner of the related infrastructure improvements.
Trends in Tourism Development: Accessing Virginia's TDFP
More and more, you'll see communities blending their tourism and industrial economic development efforts, and management offices. Aside from benefits of office and staff resource management, a shared vision for 'community development' depends on the same infrastructure requirements, including site locations, connectivity of base utilities and business technology, zoning, parking/transportation and more. Another factor is funding, both private and public. Whether for new business recruitment or the expansion of existing businesses, funding is a key element.
2016 Governor's Infrastructure Financing Conference
VRA is pleased to announce the 2016 Governor's Infrastructure Financing Conference
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