SB6003 creates two funds for disaster relief in Tennessee: the Hurricane Helene interest payment fund and the governor's response and recovery fund.

SB6003 creates the Hurricane Helene interest payment fund to cover local governments' interest costs for up to three years on money borrowed for disaster recovery costs related to Hurricane Helene. The fund can only pay interest costs up to five percent or the prime interest rate, whichever is lower. The governor's response and recovery fund is created to respond to or recover from emergencies, including agricultural recovery efforts, unemployment assistance, and business recovery assistance. Moneys in this fund must be invested and cannot revert to the general fund.

SB6003 creates two funds for disaster relief in Tennessee: the Hurricane Helene interest payment fund and the governor's response and recovery fund.

SB6003 creates the Hurricane Helene interest payment fund to cover local governments' interest costs for up to three years on money borrowed for disaster recovery costs related to Hurricane Helene. The fund can only pay interest costs up to five percent or the prime interest rate, whichever is lower. The governor's response and recovery fund is created to respond to or recover from emergencies, including agricultural recovery efforts, unemployment assistance, and business recovery assistance. Moneys in this fund must be invested and cannot revert to the general fund.