An Act to incentivize the adoption of local climate resilience policies

This bill establishes the MVP Plus program, which provides funding to municipalities that adopt specific climate resilience policies. To qualify, towns must complete a vulnerability assessment, adopt a specialized resilience code, and implement at least four of six required policies (such as stormwater programs, climate resilience hubs, green infrastructure training, floodplain overlays, tree ordinances, or updated precipitation analysis). Qualified municipalities receive annual funds from the Municipal Vulnerability Preparedness Trust Fund, distributed using a formula based on population, road mileage, flood risk, and social vulnerability scores. The funds can be used for approved climate projects, hiring resilience staff, or regional initiatives, with projects automatically approved if not reviewed within 30 days.