CS/HB 1C - Hurricane Idalia Disaster Relief Summary

• Provides tax assessments and exemptions for hurricane-damaged agricultural equipment, fencing materials, farm buildings, and fuel used for agricultural shipment or debris removal in 17 affected counties, with refunds available through December 31, 2024.

• Appropriates $176.2 million to the Department of Financial Services for the My Safe Florida Home Program mitigation grants, with $30 million for Public Assistance Program matching funds for local governments in FEMA-designated Hurricane Idalia counties.

• Establishes the Agriculture and Aquaculture Producers Natural Disaster Recovery Loan Program providing low-interest or interest-free loans up to $500,000 for eligible farm operators to restore property damaged by declared natural disasters, with $75 million in appropriated funds.

• Provides $50 million to the Division of Emergency Management for hurricane repair and recovery projects in designated counties, $25 million to Florida Housing Finance Corporation for housing recovery, and $3 million for emergency operations planning grants in fiscally constrained counties.

• Appropriates $37.5 million for cost-sharing grants to timber landowners and $10 million for transportation projects in Hurricane Idalia-affected counties, with authorization for emergency rulemaking to implement all relief programs.