Senate Bill 429 Summary

• Transfers $94,103,000 from Hurricane Florence Disaster Recovery Reserve to the Hurricane Florence Disaster Recovery Fund for fiscal year 2019-2020 and appropriates $17,000,000 in composting reimbursement funds to the same fund.

• Allocates $117,203,000 total across multiple state agencies and directed grants, including $6,400,000 to community colleges, $27,868,000 for specific municipal and county projects, $22,675,000 to Department of Environmental Quality, and $22,000,000 to Department of Public Safety for mitigation and recovery efforts.

• Provides directed grants to specific towns and counties for disaster recovery projects, including $6,000,000 each to Fair Bluff and Princeville, $5,500,000 to Mount Olive wastewater treatment plant, and $3,300,000 to Carteret County for the Bogue Sound Project.

• Establishes requirements for directed grants including quarterly reporting to Fiscal Research Division, disbursement within 100 days, and extension of reversion deadline to June 30, 2021.

• Becomes effective July 1, 2019, and applies to North Carolina counties designated under Hurricane Florence major disaster declaration by the President of the United States.