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Committee advances fund to cover local loan interest and a recovery loan program for Hurricane Helene
Summary
House Bill 6003 would create a Hurricane Helene interest-payment fund covering up to 5% interest for three years and re-create a governor's recovery loan fund; the committee approved the measure and sent it to calendar and rules by voice and roll-call (26 ayes).
The Finance, Ways and Means Committee approved House Bill 6003 on Jan. 28, a bill that establishes a Hurricane Helene Interest Payment Fund and re-creates a recovery loan fund intended to provide flexible financial resources for future emergencies.
Chairman Hicks described two main components: a fund to cover loan interest on recovery costs — “covering loans, interest at 5% annually for 3 years,” he said — and a…
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