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Legislative Year: 2021 Change

Bill Detail: HB21-1208

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Title Natural Disaster Mitigation Enterprise
Status Governor Signed (07/06/2021)
Bill Subjects
  • Natural Resources & Environment
  • State Government
House Sponsors M. Gray (D)
L. Cutter (D)
Senate Sponsors K. Priola (R)
F. Winter (D)
House Committee Energy and Environment
Senate Committee Finance
Date Introduced 03/05/2021

Section 1 of the bill creates the natural disaster mitigation
enterprise (enterprise). The enterprise collects a fee on insurance
companies that offer certain insurance policies and uses the fee revenue

to finance the natural disaster mitigation grant program and provide local
governments technical assistance on natural disaster mitigation. The
enterprise awards natural disaster mitigation grants to assist local
governments in implementing resilience and natural disaster mitigation
measures and to assist entities that apply for federal grants that require
matching funds and are dedicated to assisting in the implementation of
pre-disaster natural disaster mitigation measures.
Section 2 sets the fee at $1.25 of every $1,000 in insurance
premiums collected on certain policies by the insurance companies that
offer those insurance policies.
The board of directors of 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

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