Establishes the Hurricane Helene interest payment fund and the governor's response and recovery fund.
This bill creates two new funds within the state treasury: the Hurricane Helene interest payment fund and the governor's response and recovery fund. The Hurricane Helene interest payment fund is intended to cover local governments' interest costs for up to three years on money borrowed for eligible disaster recovery costs related to Hurricane Helene, with interest rates capped at five percent or the prime interest rate minus two percent, whichever is lower.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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