- Associated Press - Tuesday, December 23, 2014

VIRGINIA BEACH, Va. (AP) - A Hampton Roads Republican is proposing legislation that would raise funds to protect Virginia’s coastal communities from rising seas.

Delegate Ron Villanueva outlined his legislation Monday at a media event organized by the Chesapeake Climate Action Network.

Called the Virginia Coastal Protection Act, the bill would be based on a market-based system that would generate $200 million or more annually by 2020. The bill specifies that more than half of the revenues of the so-called Regional Greenhouse Gas Initiative would be used for flooding adaption projects in the region.

Virginia’s coast ranks among the most vulnerable in the U.S. to rising seas.

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