SB1477: Disaster Assistance Fund; established.
Legislative Summary
Disaster Assistance Fund; established. Establishes the Disaster Assistance Fund for the purpose of addressing life, safety, and housing costs related to a disaster that are not covered by any form of federal assistance, private donations, or insurance. Expenditures and disbursements from the Fund require authorization by the General Assembly. In addition to all other appropriations to the Fund, the bill also directs proceeds generated from the Commonwealth's participation in the Regional Greenhouse Gas Initiative auction that occurred in December 2023 and deposited into the Regional Greenhouse Gas Initiative Fund with the Department of Environmental Quality and all interest accrued to such fund.
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Bill History
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