Bill Text | History of Actions | Background | Title |
Description: Disaster relief; establish loan program for persons sustaining flood damage to homes, issue bonds to provide funds.
Bill Text: [Introduced]
| 1 | 01/02 (H) Referred To Ways and Means | |
| 2 | 02/21 (H) Died In Committee |
| Effective date | Passage | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: Compretta
Additional Author: Peranich
Title: AN ACT TO ESTABLISH A DISASTER HOME FLOOD LOAN PROGRAM TO PROVIDE LOANS TO INDIVIDUALS WHO SUSTAINED PHYSICAL DAMAGE TO HOMES DUE TO FLOODING OR STORM SURGE AS A RESULT OF HURRICANE KATRINA AND WHO HAD NO FLOOD INSURANCE OR OTHER INSURANCE PROVIDING COVERAGE FOR SUCH DAMAGE OR HAD FLOOD INSURANCE BUT HAD A FLOOD LOSS THAT EXCEEDED SUCH INSURANCE AND WAS NOT COVERED BY OTHER INSURANCE OR SOURCE OF REIMBURSEMENT; TO PROVIDE THAT THE DEPARTMENT OF FINANCE AND ADMINISTRATION SHALL ADMINISTER THE LOAN PROGRAM; TO PROVIDE THE MAXIMUM AMOUNT FOR SUCH LOANS; TO ESTABLISH CERTAIN ELIGIBILITY REQUIREMENTS FOR THE RECEIPT OF SUCH LOANS; TO AUTHORIZE THE ISSUANCE OF $250,000,000.00 WORTH OF STATE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF PROVIDING FUNDS FOR THE LOAN PROGRAM; AND FOR RELATED PURPOSES.
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2007/html/History/HB/HB0297.htm