AN ACT relating to disaster relief, making an appropriation therefor, and declaring an emergency.
What changed between versions
Created new definitions for 'Kentucky disaster' and 'SAFE 4860 fund' to establish the specific event and funding mechanism.
Established a new fund administered by the Department of Military Affairs that can receive state appropriations, gifts, grants, and federal funds.
Set a fund expiration date of June 30, 2028, and specified that interest earnings remain in the fund.
Limited eligibility to cities, counties, school districts, and nonprofits located in disaster-affected areas with documented disaster-related needs.
Specified eligible expenses include damage repair for public buildings, essential government facilities, water infrastructure, and school district recovery needs.
Added requirements for recipients to retain documentation and adhere to reimbursement terms if receiving funds from other sources.
Prohibited the Department of Military Affairs from publicly soliciting contributions that could impact nonprofit disaster relief fundraising efforts.
Excluded funding for new construction inside the 100-year floodplain area.