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Committee advances Hurricane Helene recovery package including $110M interest-payment fund and $100M recovery loan fund
Summary
The panel approved House Bill 6,003 to establish a Hurricane Helene interest payment fund covering up to 5% annual interest for loans and to recreate a governor’s recovery loan fund; the measure carries fiscal notes of roughly $110 million and $100 million and passed the committee 26-0.
The Finance, Ways and Means Committee on Jan. 28 voted to report House Bill 6,003, a two-part emergency recovery package for areas hit by Hurricane Helene.
Chairman Hicks, the bill’s sponsor in committee, said the measure would establish a Hurricane Helene Interest Payment Fund to subsidize up to 5% annually of loan interest for local governments for three years to reduce financing pressure and help local governments…
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