The proposed bill aims to amend the 1956 Insurance Code by adding Chapter 29A, which establishes the "Strengthen MI Homes Program." This program is designed to provide grants for retrofitting residential properties that meet specific fortified roof program standards to better withstand common weather-related perils such as tornadoes and hail. Key definitions are introduced, including "eligible property," "fortified," and "fund," which collectively outline the criteria for properties and contractors involved in the program. The bill specifies that property owners must meet various eligibility requirements, including having a homestead exemption and obtaining bids from certified contractors.

Additionally, the bill creates the "Strengthen MI Home Fund" within the Department of Treasury to manage the financial aspects of the program. It outlines the responsibilities of contractors and evaluators, including the need for specific certifications and compliance with local building codes. The program is contingent upon the appropriation of funds by the legislature, and it does not create an entitlement for property owners. The bill also includes provisions for inspections and the handling of grant funds, ensuring that the mitigation work is completed to the required standards before any grant money is disbursed.

Statutes affected:
Senate Introduced Bill: 500.100, 500.8302