The bill amends R.S. 39:100.171(C) concerning the Hurricane Ida Recovery Fund, specifically outlining the use of funds for eligible entities that experienced loss or damage due to the hurricane. The language clarifies that the funds will be allocated to cover full or partial payments for losses not fully compensated by insurance or other disaster resources. The definition of "eligible entity" is maintained to include political subdivisions and school boards.

Significant changes include the removal of the term "property" from the context of loss or damage, replacing it with "loss or damage" to broaden the scope of what can be compensated. Additionally, the bill specifies that the governing authority of an eligible entity must apply the funds to repair or replace the loss or damage incurred. The previous provisions detailing specific types of facilities and expenses eligible for funding have been deleted, streamlining the process for fund allocation. The bill will take effect upon the governor's signature or after the designated 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)