SB 207

This bill authorizes the creation of a hazard mitigation revolving loan program to be administered by the Department of Military Affairs and requires the creation of a Great Lakes erosion control revolving loan program to be administered by the Department of Natural Resources.

Hazard mitigation revolving loan program

The bill authorizes the Division of Emergency Management within DMA to enter into an agreement with the Federal Emergency Management Agency (FEMA) to receive federal grant funding for the purpose of establishing a hazard mitigation revolving loan program. The bill creates a separate, nonlapsible trust fund, designated as the Hazard Mitigation Revolving Loan Fund, to accept money from FEMA under the federal Safeguarding Tomorrow through Ongoing Risk Mitigation (STORM) Act, P.L.

116-284

. Under the bill, if DMA enters into such an agreement with FEMA, the secretary of administration must transfer from the general fund to the Hazard Mitigation Revolving Loan Fund an amount equal to 10 percent of any money received from the federal government, and DMA must provide loans to local units of government for hazard mitigation projects in accordance with the requirements of the STORM Act.

Great Lakes erosion control revolving loan program

The bill requires DNR to administer a revolving loan program to assist municipalities and owners of homes located on the shore of Lake Michigan or Lake Superior where the structural integrity of municipal buildings or homes is threatened by erosion of the shoreline. The bill appropriates $5,000,000 to DNR for this purpose and increases DNR’s position authorization by 0.5 FTE to administer the program. The bill requires DNR to promulgate rules to administer the program, including eligibility requirements and income limitations, and authorizes DNR to promulgate emergency rules for the period before permanent rules take effect.