Disaster Recovery Act of 2024.

The Disaster Recovery Act of 2024 establishes two separate state funds to manage financial relief for damage caused by Hurricane Helene and Potential Tropical Cyclone #8. The first fund, for Hurricane Helene, is restricted to counties declared major disasters by the federal government plus Nash County, while the second fund is dedicated exclusively to Brunswick and New Hanover Counties. Both funds are administered by the Office of State Budget and Management and require state agencies to justify expenses based on demonstrated needs. Additionally, the bill extends the statewide state of emergency declaration until March 1, 2025, to support ongoing recovery efforts. Any unspent money in these funds must be returned to the state treasury by June 30, 2030, unless the General Assembly decides otherwise.