Relating to the creation of a flood recovery loan program to provide low-interest loans to persons who are victims of flood-related disasters.

HB 217 creates a state-administered program providing low-interest loans to Texas homeowners and business owners whose properties were damaged by floods in areas officially declared disaster zones by the governor. Loans can cover repairing or rebuilding damaged homes, businesses, or agricultural structures, removing debris, upgrading properties to meet flood-resilience standards, or purchasing essential equipment like farm machinery. The program requires strict oversight, including audits of loan use and a multilingual assistance center to help applicants. All funds must be used solely for approved flood recovery purposes, with the state division monitoring compliance to ensure proper allocation.