Bill Text: NH SB409 | 2022 | Regular Session | Introduced
Bill Title: Relative to disaster relief loans.
Spectrum: Bipartisan Bill
Status: (Passed) 2022-06-22 - Signed by the Governor on 06/17/2022; Chapter 0236; Effective 06/17/2022 [SB409 Detail]
Download: New_Hampshire-2022-SB409-Introduced.html
SB 409 - AS INTRODUCED
2022 SESSION
22-3092
07/05
SENATE BILL 409
AN ACT relative to disaster relief loans.
SPONSORS: Sen. Prentiss, Dist 5; Sen. Giuda, Dist 2; Sen. Kahn, Dist 10; Rep. Steven Smith, Sull. 11; Rep. Merchant, Sull. 4
COMMITTEE: Finance
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ANALYSIS
This bill modifies the circumstances under which the governor may approve exceptional disaster relief loans.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-3092
07/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
AN ACT relative to disaster relief loans.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Homeland Security and Emergency Management; Exceptional Disaster Relief Loans; Modification of Circumstances. Amend RSA 21-P:37-c, II to read as follows:
II.(a) When the President of the United States declares an area a federal disaster area, or the governor declares a state of emergency as defined in RSA 21-P:35, VIII, and a municipality has applied for federal emergency assistance from the Federal Emergency Management Administration (FEMA), the governor, with the approval of the executive council, or the joint legislative fiscal committee, may approve a non-interest loan in the amount up to the anticipated assistance from FEMA from funds not otherwise appropriated.
(b) In order to be eligible for an exceptional disaster relief loan, the [per-occurance] cost of a municipality's critical disaster relief project or projects shall equal or exceed 25 percent of the amount raised by local property taxes in the municipality's [last] current annual budget.
(c) The municipality shall not knowingly request an exceptional disaster relief loan for costs that are not eligible for reimbursement under the FEMA public assistance program.
(d) Upon receipt of FEMA public assistance funds, the municipality shall within 60 days reimburse the state for the amount of the loan or the amount provided to the municipality by FEMA, whichever is less.
2 Effective Date. This act shall take effect 60 days after its passage.
