Amends TCA Title 9, Chapter 4, Part 2.
Tennessee SB6003 establishes two funds within the state treasury: the Hurricane Helene interest payment fund, which will assist local governments in covering interest costs on loans for disaster recovery related to Hurricane Helene, and the governor's response and recovery fund, which will support various emergency response and recovery efforts. The bill allows the Tennessee Emergency Management Agency (TEMA) to distribute funds as grants or loans and mandates annual reporting on fund expenditures. Key provisions include limits on interest payments and the requirement that funds be used only for declared emergencies.
Tennessee SB6003 establishes two funds within the state treasury: the Hurricane Helene interest payment fund, which will assist local governments in covering interest costs on loans for disaster recovery related to Hurricane Helene, and the governor's response and recovery fund, which will support various emergency response and recovery efforts. The bill allows the Tennessee Emergency Management Agency (TEMA) to distribute funds as grants or loans and mandates annual reporting on fund expenditures. Key provisions include limits on interest payments and the requirement that funds be used only for declared emergencies.
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Johnson, Jack
114th General Assembly
January 22, 2025
February 25, 2025
Pub. Ch. 2