Disaster Funds Revisions
What changed between versions
Increased the annual spending limit for immediate disaster response from $500,000 to $3,000,000 for the State Disaster Recovery Restricted Account.
Raised the maximum annual expenditure for the Disaster Response, Recovery, and Mitigation Restricted Account from $3,000,000 to $10,000,000.
Added a provision requiring the Division of Finance to transfer excess funds from the State Disaster Recovery Restricted Account to the Disaster Response, Recovery, and Mitigation Restricted Account when the balance exceeds $50,000,000.
Renamed the Response, Recovery, and Post-disaster Mitigation Restricted Account to the Disaster Response, Recovery, and Mitigation Restricted Account.
Added pre-disaster mitigation as an allowable use of funds from the Disaster Response, Recovery, and Mitigation Restricted Account under specific conditions.
Created new definitions for 'affected community,' 'affected community member,' and 'minimum threshold payment amount' to standardize grant distribution.
Granted the Division of Emergency Management rulemaking authority to establish standards for pre-disaster mitigation funding applications and prioritization.
