HB6003Enacted

Amends TCA Title 9, Chapter 4, Part 2.

Tennessee HB6003 establishes two funds within the state treasury: the Hurricane Helene interest payment fund, which is designated to cover interest costs for local governments borrowing for disaster recovery related to Hurricane Helene, and the governor's response and recovery fund, intended for broader emergency response and recovery efforts. The bill affects local governments in counties included in the federal disaster declaration for Hurricane Helene and allows the Tennessee Emergency Management Agency (TEMA) to provide grants or loans for recovery efforts. Key provisions include rules for fund management, limitations on interest payments, and an annual reporting requirement by TEMA to legislative committees.

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Overview

Tennessee HB6003 establishes two funds within the state treasury: the Hurricane Helene interest payment fund, which is designated to cover interest costs for local governments borrowing for disaster recovery related to Hurricane Helene, and the governor's response and recovery fund, intended for broader emergency response and recovery efforts. The bill affects local governments in counties included in the federal disaster declaration for Hurricane Helene and allows the Tennessee Emergency Management Agency (TEMA) to provide grants or loans for recovery efforts. Key provisions include rules for fund management, limitations on interest payments, and an annual reporting requirement by TEMA to legislative committees.

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Sponsor

Lamberth, William

Details
Session

114th General Assembly

Introduced

January 22, 2025

Last Action

February 25, 2025

Comp. became Pub. Ch. 2

Subjects
Public Funds and FinancingTennessee Emergency Management Agency (TEMA)Finance and Administration, Dept. of

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HB6003: Amends TCA Title 9, Chapter 4, Part 2. | LegisGo