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.
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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Lamberth, William
114th General Assembly
January 22, 2025
February 25, 2025
Comp. became Pub. Ch. 2