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MS HB962
Bill
Status
2/4/2014
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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Authorizes up to $10 million per fiscal year to be transferred from the Working Cash-Stabilization Reserve Fund to the Disaster Assistance Trust Fund during nondeclared times to provide nonfederal matching funds for Federal Emergency Management Agency (FEMA) grant funds and other state share requirements.
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Expands allowable uses of the Disaster Assistance Trust Fund to include providing nonfederal matching funds for FEMA grants and state share requirements in addition to existing emergency response and recovery purposes.
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Requires that all requisitions for nonfederal matching funds must be accompanied by a detailed list including project name, county location, and amount of each reimbursement to be made.
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Amends Section 27-103-203 to clarify that the Working Cash-Stabilization Reserve Fund can be used to provide nonfederal matching funds for FEMA grants and state share requirements during nondeclared times.
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Takes effect July 1, 2014.
Legislative Description
Disaster Assistance Trust Fund; authorize transfers from Cash-Stabilization Reserve Fund for matching funds for FEMA grants.
Last Action
Died In Committee
2/4/2014