Establishes a lava zone insurance fund to subsidize insurance premiums for low-income homeowners in lava zones 1 and 2 on the island of Hawaii.
This bill establishes a lava zone insurance fund to subsidize the cost of insurance premiums for low-income homeowners in lava zones 1 and 2 on the island of Hawaii. The fund will receive moneys from appropriations, gifts, donations, grants, fees, and penalties. The subsidy will be available to homeowners who do not own real estate investment properties, are part of a low-income household, and meet other criteria.
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