H74 - House Budget Technical Corrections. (SL 2025-4)

Overview: Section 1A.3 of S.L. 2025-4 (House Bill 74) authorizes units of local government that received State loan funds pursuant to previously enacted legislation responding to Hurricanes Matthew, Florence, Michael, and Dorian, to assist with cashflow management while awaiting federal reimbursement to apply to the Department of Public Safety's Office of Recovery and Resiliency for forgiveness of all or part of the outstanding loan principal and interest if:

• The unit of local government applied for Public Assistance reimbursement from the Federal Emergency Management Agency (FEMA) and that application was denied, in whole or in part.
• The unit of local government does not have any active appeals or active arbitrations for Public Assistance reimbursement from FEMA.
• The project worksheet has been closed.

This section became effective May 14, 2025.