A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.

This bill establishes a dedicated natural hazard mitigation financing program in Iowa, creating a revolving loan fund separate from the state general fund. It allows the state authority to issue bonds and notes to finance disaster mitigation projects and federal matching requirements, with repayment secured by income from funded projects or loan repayments - not state tax revenue. The program directly affects local governments and communities seeking funding for hazard mitigation, such as flood-resistant infrastructure. Key provisions include prohibiting the bonds from counting as state debt and requiring repayment sources to be specified in loan agreements, ensuring financial accountability.