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SB23-263

General Fund Loan Natural Disaster Mitigation Enterprise

Concerning a loan from the general fund to the natural disaster mitigation enterprise to defray expenses incurred before the receipt of fee revenue or revenue bond proceeds.
Session:
2023 Regular Session
Subject:
Public Health
Bill Summary

The act requires the state treasurer to transfer $95,000 from the general fund to the natural disaster mitigation cash fund to defray expenses incurred by the natural disaster mitigation enterprise (enterprise) before the enterprise receives fee revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the enterprise that is required to be repaid and is not a grant for purposes of the state constitution or any other state law. The enterprise is required to repay the loan and accumulated interest by December 31, 2025.

APPROVED by Governor June 6, 2023

EFFECTIVE June 6, 2023
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/06/2023 Signed Act PDF
    05/17/2023 Final Act PDF
    05/06/2023 Rerevised PDF
    05/05/2023 Revised PDF
    05/01/2023 Reengrossed PDF
    04/28/2023 Engrossed PDF
    04/03/2023 Introduced PDF