Expanding the Impact of the Clean Water and Drinking Water Programs through Inaugural Joint Bond Issuance
Together with state agency partners, VRA plays an important role in helping keep Virginians safe and healthy. This mission is even more important as the Commonwealth faces the many challenges associated with the COVID-19 pandemic. VRA, in partnership with the Virginia Department of Environmental Quality (DEQ) and Virginia Department of Health (VDH), serves as the financial administrator of the Clean Water Revolving Loan Fund (CWRLF) and Drinking Water State Revolving Fund (DWSRF). Both of these funds have a daily impact on improving the quality of life in communities across Virginia.
In 2002, VRA issued bonds on behalf of Goochland County to finance utility system improvements in the County’s Tuckahoe Creek Service District (TCSD). TCSD is best known for the West Creek development that has flourished on the eastern end of the County. In 2012, the County was assisted again by VRA with the restructuring of the 2002 debt that was designed to provide Goochland with a debt service schedule and loan terms better suited to Goochland's long-term needs. In 2020, the County again partnered with VRA to capture debt service savings through the refunding of the 2012 bonds.
On August 21, Governor Northam announced appointments to the VRA Board of Directors. VRA is excited to welcome these two newly-appointed members.
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