Establishes the Nevada Hazard Mitigation Revolving Loan Account to fund hazard mitigation projects.

This bill creates the Nevada Hazard Mitigation Revolving Loan Account in the State General Fund, administered by the Division of Emergency Management. The Account will provide loans to local governments and tribal governments for hazard mitigation projects, as authorized by the federal STORM Act. The Division must prioritize loans for projects with the greatest impact on mitigating hazards in the state. The bill also requires the Division to adopt regulations for the loan program, including application procedures and criteria for eligibility.

Establishes the Nevada Hazard Mitigation Revolving Loan Account to fund hazard mitigation projects.

This bill creates the Nevada Hazard Mitigation Revolving Loan Account in the State General Fund, administered by the Division of Emergency Management. The Account will provide loans to local governments and tribal governments for hazard mitigation projects, as authorized by the federal STORM Act. The Division must prioritize loans for projects with the greatest impact on mitigating hazards in the state. The bill also requires the Division to adopt regulations for the loan program, including application procedures and criteria for eligibility.