Commonwealth Flood Prevention Match Assistance Fund and Program; established, report.

Commonwealth Flood Prevention Match Assistance Fund and Program; established. Establishes the Commonwealth Flood Prevention Match Assistance Fund and Program for the purpose of supporting local governments with grants to finance the cost share required of a local government for storm and flood risk management projects, as such terms are defined in the bill. The bill also requires an annual audit and an annual report to the Governor and the Chairs of the House Committees on Agriculture, Chesapeake and Natural Resources and Appropriations and the Senate Committees on Agriculture, Conservation and Natural Resources and Finance and Appropriations.