HB 574 - Disaster Relief Summary

• Repeals provision allowing the Department of Education to retain federal disaster relief reimbursements separate from the standard 5% fund carryover limit.

• Converts the major disaster fund to a special fund consisting of legislative appropriations, federal reimbursement moneys, and investment interest, with all moneys lapsing to the general fund if not expended within five years.

• Changes the reporting timeline for allotments or expenditures of disaster fund moneys from 60 days to 30 days after the governor's action.

• Requires the administrator to submit annual reports to the legislature by September 1 detailing federal disaster relief funds eligible for, applied for, received, and justifications for any gaps.

• Takes effect July 1, 2050.