The bill establishes a framework for statewide resilience planning in Iowa, mandating the development and periodic updating of an Iowa state resilience plan by December 31, 2028. The Iowa flood center will lead this initiative in collaboration with various state departments and stakeholders. The plan aims to protect against loss of life and property through hazard mitigation and disaster recovery, incorporate future hazard and demographic conditions into state programs, identify priority resilience projects, and establish funding strategies. It will include a comprehensive risk assessment, an inventory of critical and regionally significant assets, and a prioritized list of ongoing and proposed resilience projects.

Additionally, the bill outlines specific components that the Iowa state resilience plan must address, such as methodologies for prioritizing projects, recommendations for risk reduction strategies, and metrics for tracking progress. The Iowa flood center is required to report to the governor and the general assembly every two years on the progress of the plan's implementation and to update the resilience plan every five years or sooner if necessary. This legislative effort aims to enhance Iowa's preparedness for natural hazards and improve the overall resilience of its communities and infrastructure.