Coastal storm risk mgmt.; Office of Commonwealth Resilience to study costs of feasibility studies.

Coastal storm risk management; Office of Commonwealth Resilience to study costs of feasibility studies; report. Directs the Office of Commonwealth Resilience to conduct a study to (i) examine the methodologies and criteria, if any, that other states in the United States use to apportion responsibility between the state and the participating localities for that portion of the cost of coastal storm risk management (CSRM) feasibility studies and plan implementation for which the nonfederal sponsor is responsible and (ii) develop a recommended methodology and associated criteria for apportioning responsibility of the same for CSRM feasibility studies and plan implementation in Virginia. The bill directs the Office of Commonwealth Resilience to complete its work no later than November 30, 2026, and the Chief Resilience Officer of the Commonwealth to submit a report of the findings and recommendations of the study to the Governor and the General Assembly no later than December 31, 2026.