General Assembly Approves Second Round of Hurricane Helene Relief

On October 24th, The General Assembly convened in Raleigh to pass the second Hurricane Helene relief bill, Senate Bill 743.The House and Senate passed the legislation unanimously, and it will become effective when Governor Cooper signs it into law. On October 23rd, Governor Cooper released a Preliminary Damage and Needs Assessment, which included his recovery recommendations. The Governor's assessment included a proposed $3.9 billion in appropriations and included long-term recovery and resiliency initiatives. Senate Bill 743 appropriated a total of $644 million, with $604 million appropriated from the state’s Savings Reserve and $40 million will from the Office of State Budget and Management Disaster Relief Reserve. The first relief bill, which became law on October 10th, appropriated $273 million from the State's Savings Reserve. The $644 million in appropriations includes:Additional nonrecurring state matching funds will be sent to NCEM to draw down additional federal funding... Read the complete article here...© 2024 Ward and Smith, P.A.. All Rights Reserved.

On October 24th, The General Assembly convened in Raleigh to pass the second Hurricane Helene relief bill, Senate Bill 743 . The House and Senate passed the legislation unanimously, and it will become effective when Governor Cooper signs it into law. On October 23rd, Governor Cooper released a Preliminary Damage and Needs Assessment , which included his recovery recommendations.

The Governor's assessment included a proposed $3.9 billion in appropriations and included long-term recovery and resiliency initiatives. Senate Bill 743 appropriated a total of $644 million, with $604 million appropriated from the state’s Savings Reserve and $40 million will from the Office of State Budget and Management Disaster Relief Reserve.

The first relief bill, which became law on October 10th, appropriated $273 million from the State's Savings Reserve. The $644 million in appropriations includes: Additional nonrecurring state matching funds will be sent to NCEM to draw down additional federal funding assistance. $50M nonrecurring to NCEM to be disbursed to local governments and state agencies for "unmet needs not covered by insurance or available federal aid.

" $100M for local government cash flow loans to be administered by the Local Government Commission. An additional $5.5M to NCLM, NCACC, and the COGs for added technical assistance resources for local governments to be used to assist with federal financial aid applications, technical support for planning and permitting, and technical supp.