Revise law to establish permanent disaster resilience fund
What changed between versions
Removed the annual statutory appropriation of $4 million from the general fund to the Disaster Resiliency Fund.
Added a one-time transfer of $50 million from the general fund to the Disaster Resiliency Fund by June 30, 2025.
Added a second transfer of $50 million from the general fund to the fund during the biennium ending June 30, 2027.
Removed the requirement that the fund balance cannot exceed $12 million.
Removed the termination date of June 30, 2027, allowing the fund to continue indefinitely.
Expanded eligible uses to include 'contracted resources' and 'administrative resources' in addition to personnel.
Updated the list of statutes containing statutory appropriations to remove references to the old fund section and add Section 24 of Chapter 722, Laws of 2023.