Natural Disasters - As introduced, creates the State Disaster Relief Program to be administered by TEMA for the purpose of providing grants to local governments where a natural disaster has occurred that does not exceed the threshold for federal disaster relief. - Amends TCA Title 58, Chapter 2, Part 1.

HB 557 creates Tennessee's State Disaster Relief Program, administered by the Tennessee Emergency Management Agency (TEMA), to provide grants to counties affected by natural disasters that don't qualify for federal disaster aid. Counties can request grants to cover costs for repairing public infrastructure, emergency response, debris removal, and protecting public health/safety after a declared local emergency. Grants are capped at $250,000 per county annually, contingent on annual state funding allocations. The program specifically targets disasters below the federal relief threshold, such as localized floods, storms, or wildfires, without replacing federal assistance.