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.

This bill creates a dedicated funding stream for Iowa's disaster recovery programs, including hazard mitigation loans, housing assistance after disasters, and support for insurance professionals like adjusters. It establishes a separate revolving loan fund (not part of the state's general budget) that can issue tax-exempt bonds to finance disaster repairs and meet federal matching requirements. The fund will be repaid through income from approved projects and loan repayments, ensuring these resources stay available for future disasters. It directly affects Iowans impacted by natural disasters by improving access to recovery funding and streamlining how insurance claims are handled after events like floods or storms.