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Bill Detail: HB20-1142

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Title Hazard Mitigation Grant Program
Status House Committee on Energy & Environment Refer Amended to Finance (02/20/2020)
Bill Subjects
  • Natural Resources & Environment
  • State Government
House Sponsors L. Cutter (D)
M. Soper (R)
Senate Sponsors
House Committee Energy and Environment
Senate Committee
Date Introduced 01/17/2020
Description

Section 1 of the bill creates the hazard mitigation enterprise
(enterprise). The enterprise collects a fee on insurance companies that
offer certain insurance policies and use the fee revenue to finance the

hazard mitigation grant program, provide public education on the
importance of insurance in buying down risk and for the continuity of
business operations, and provide local governments technical information
and support on natural hazard mitigation through land use and building
codes. The enterprise awards hazard mitigation grants to assist entities
that apply for federal grants that require matching funds and are dedicated
to assisting in the implementation of pre-disaster hazard mitigation
measures.
Section 2 sets the fee at .05% of the insurance premiums collected
by insurance companies that offer certain insurance policies.
The enterprise shall submit a report by July 1 of each year to the
committees of reference of the general assembly to which the department
of public safety is assigned regarding the grant program.

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