An Act To Provide Funding To Rebuild Infrastructure Affected By Extreme Inland And Coastal Weather Events

This bill directs the state to transfer $60 million from the General Fund to support infrastructure and business recovery following severe weather events. Fifty million dollars is allocated to the Department of Transportation for repairing public infrastructure like roads and water systems, with some funds available for private waterfront projects that benefit the community. The remaining ten million dollars goes to the Department of Economic and Community Development to provide grants to businesses and nonprofits affected by the December 2023 storm. Funding distribution will be managed through competitive processes that prioritize projects enhancing public safety and long-term resilience against future flooding.