House expands MEMA disaster trust fund limits and adds 0% loan program for approved projects
Lawmakers approved a conference report on House Bill 16 46 to raise MEMA drawdown limits for single disasters and to add a 0% interest loan program to aid northern counties recovering from the winter storm, with application details to follow.
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A conference report attached to House Bill 16 46 was adopted on the House floor, increasing drawdown limits from $1,000,000 to $2,500,000 for any single disaster and raising the annual cap; the bill also inserts language to create a 0% interest loan program for approved projects that the conferees will administer.
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