Relating to the creation of the disaster relief and prevention matching grant and loan program and the disaster relief and prevention account.

HB 66 creates a Texas Disaster Relief and Prevention Matching Grant and Loan Program, funded through a new state account. It provides matching grants to local governments and businesses in declared disaster areas for disaster recovery, infrastructure repairs, and future disaster mitigation. The bill also authorizes loans for these entities and for individuals to repair or rebuild disaster-damaged homes with added mitigation features. Eligibility requires applicants to qualify for FEMA public assistance or SBA disaster loans.