Disaster Recovery Act of 2025 - Part II.

Added $500 million fund return from NCInnovation to the Hurricane Helene Disaster Recovery Fund.

Added $69.35 million in additional transfers for 2025-2026 fiscal year across multiple agencies including environmental quality, public instruction, and elections.

Added comprehensive definitions for affected area, FEMA, Helene Fund, HUD, NCEM, NCSBE, and OSBM.

Removed the specific demolition exception for Black Mountain Home for Children that was the sole focus of the amendment.

Added provisions addressing wildfires in Western North Carolina and tribal lands of the Eastern Band of Cherokee Indians.

Added requirements for savings effectuation and fund investment by the State Treasurer with earnings transferred to the General Fund.

Amendment identifier changed from H1012-ANBa-57 [v.1] to H1012-AMC-34 [v.2], indicating a revision in the legislative process.

Removed instructions to increase funding amounts by fifteen million dollars on pages 3, 5, and 5 of the bill.

Added a new Section 3.6 creating a demolition exception for up to three buildings damaged by Hurricane Helene, owned by North Carolina State University, and leased to Black Mountain Home for Children, requiring approval from the CFO, Chancellor, and Board of Trustees.

Changed the amendment instruction to reference page 12, lines 19-20 instead of pages 3 and 5, indicating the new text location.

Added $15,000,000 specifically allocated to Madison County

Increased an unspecified funding amount by $15,000,000

Changed department references from 'Commerce' to 'Revenue' in multiple locations

Removed eligibility criteria related to counties with populations under 250,000 and HUD Hurricane Helene restrictions

Updated document version from First Edition to Third Edition and changed page numbering from 2 pages to 1 page

Added $5 million in grants to local government associations (NC League of Municipalities, NC Association of County Commissioners, and NC Association of Regional Councils of Government) for technical assistance with federal aid applications and disaster recovery planning.

Added eligibility requirement that recipients must be located in counties qualifying for FEMA Public Assistance Categories C through G.

Added exclusion preventing units of local government that received separate HUD federal aid for Hurricane Helene from receiving this additional funding.

Expanded eligibility for decentralized wastewater funding to include nonprofit water corporations, community development finance institutions, and district health departments.

Changed department references from Commerce to Revenue and removed references to 'affected area' in several locations.

Added requirement for the Department to verify applicant economic loss before awarding grants to businesses.

The Medicaid Contingency Reserve amount changed from $428,526,115 to $476,512,736, and the Information Technology Reserve decreased from $55,127,214 to $8,304,222.

The total additional transfer amount was reduced from $65,913,629 to $64,750,000, with a portion of the funds now allocated to new recipients.

New funding allocations were added for the University of North Carolina System ($5,000,000) for facility repairs and the State Board of Elections ($2,250,000) for conducting the 2024 General Election in affected areas.

A new reallocation provision was added for North Carolina Community Colleges System funds to support colleges in affected areas that experienced enrollment declines.

The section about state agency operations that described transferring $634,086,371 to the Helene Fund was removed from the final version.

Section 1.5 was expanded to include findings about Western North Carolina wildfires that occurred in 2025 and were hampered by Hurricane Helene, broadening the bill's context beyond just hurricane recovery.

Updated bill edition number from 'Second Edition Engrossed 5/22/25' to 'Fourth Edition Engrossed 6/23/25' to reflect the latest legislative approval.

Changed version identifier from H1012-v-3 to H1012-v-4 to track the new legislative version.

Replaced the previous return of funds from NCInnovation with a new reserve mechanism that directs specific reserve funds directly to the Helene Fund, totaling approximately $634 million in reserved funds.

Updated the additional transfer amount from $69.35 million to $65.91 million for the 2025-2026 fiscal year, with specific line-item allocations remaining largely the same.

Added a new table detailing specific reserve sources including State Emergency Response and Disaster Relief Fund, Federal Infrastructure Match Reserve, Medicaid Contingency Reserve, and Information Technology Reserve.

Removed references to NCInnovation fund returns and repealed provisions related to Article 76A of Chapter 143 of the General Statutes.

Reorganized section numbering and formatting to align with Senate Appropriations/Base Budget Committee Substitute version, improving clarity of fund allocation procedures.

Updated version identifier from H1012-v-1 to H1012-v-2 and added 'Second Edition Engrossed 5/22/25' designation

Minor formatting adjustments to header spacing and line numbers in the document structure