SB6003Enacted

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.

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Overview

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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Sponsor

Johnson, Jack

Details
Session

114th General Assembly

Introduced

January 22, 2025

Last Action

February 25, 2025

Pub. Ch. 2

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

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