This bill amends the existing law regarding the Hurricane Ida Recovery Fund, specifically R.S. 39:100.171(C). It clarifies that the funds will be used to make full or partial payments to eligible entities that suffered loss or damage due to Hurricane Ida and were not fully compensated by insurance or other disaster resources. The term "eligible entity" is defined to include political subdivisions of the state, such as school boards. The governing authority of these entities is required to apply the funds to the costs associated with repairing or replacing the loss or damage incurred.

Additionally, the bill removes specific language regarding the types of facilities that can receive funding and instead broadens the scope of eligible expenses. It eliminates references to "property" loss and instead focuses on "loss or damage," allowing for a more comprehensive application of the funds. The bill also specifies that any remaining funds after satisfying local match requirements can be used for expenses incurred on or after August 29, 2021, without detailing the types of facilities or projects that qualify, thus providing greater flexibility in the use of the recovery funds. The act will take effect upon the governor's signature or after the designated time period for bills to become law without a signature.

Statutes affected:
HB788 Original: 39:171(C)
HB788 Engrossed: 39:171(C)
HB788 Enrolled: 39:171(C)
HB788 Act : 39:171(C)