The bill requires the state treasurer to transfer $95,000 from the
general fund to the natural disaster mitigation cash fund (fund) before the natural disaster mitigation enterprise receives fee revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the enterprise that is required to be repaid and is not a grant for purposes of the state constitution or any other state law.
The enterprise is required to repay the loan and accumulated
interest by December 31, 2025.
