Establishes a disaster recovery fund to compensate Texas residents for losses from natural disasters.
The bill establishes the disaster recovery fund in Texas to provide compensation to residents who suffer losses from natural disasters when federal relief is insufficient. The fund is administered by a division and can receive money from state appropriations, federal grants, donations, and interest. Eligible claimants include residents who suffered direct injury, financial loss, or property damage from a qualifying weather event. Compensation may cover repair or replacement of property, medical expenses, temporary housing, lost wages, and other recovery-related costs.
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