Legislation - SB0564

Title: Catastrophic Event Account - Transfer of Funds - State Disaster Recovery Fund
Sponsored by: Senators Hester and Salling
Status: In the Senate - First Reading Budget and Taxation
Analysis

Synopsis

Authorizing the transfer of funds from the Catastrophic Event Account to the State Disaster Recovery Fund if the balance of the Fund has been depleted due to use or transfer or the estimated costs for providing adequate disaster relief for a natural disaster or catastrophic situation are in excess of the Fund's balance; and altering the number of days the Legislative Policy Committee has to review and make comments before the Governor may transfer certain funds from the Account through budget amendment.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/23/2025 Legislative Date 1/23/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Catastrophic Event Account - Transfer of Funds - State Disaster Recovery Fund Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/23/2025	1/23/2025	First Reading Budget and Taxation
			Text - First - Catastrophic Event Account - Transfer of Funds - State Disaster Recovery Fund

File Code

Subjects

Statutes