A bill for an act relating to the natural hazard mitigation financing program, the disaster recovery housing assistance program, the disaster recovery new housing program, post-loss assignment of benefits, the licensing and regulation of adjusters, appraisers, and umpires, and the Iowa economic emergency fund, and providing penalties, making appropriations, and including effective date and retroactive applicability provisions.

HF 957 establishes the Natural Hazard Mitigation Financing Program and outlines its funding mechanisms. It creates dedicated funds and accounts, managed by the Department of Homeland Security and Emergency Management and the Iowa Finance Authority, which are separate from the state's general fund. The bill authorizes the Iowa Finance Authority to issue tax-exempt bonds and notes to finance the program and secure state matching funds for federal disaster relief. These bonds are secured by program revenues and are not considered state debt, providing a specific financial structure for natural hazard mitigation projects.