The bill proposes the establishment of a new program within the Texas Government Code, specifically under Chapter 418, to create the Texas Disaster Relief and Prevention Matching Grant and Loan Program. This program aims to provide matching grants and loans to eligible individuals and entities for disaster relief and future disaster prevention efforts. The bill introduces a new subchapter, Subchapter D-2, which includes definitions for key terms such as "Account," "Administration," "Agency," and "Disaster area." It outlines the establishment of a disaster relief and prevention account, the criteria for applying for matching grants and loans, and the necessary application process.

Additionally, the bill specifies that the funds from the newly created account can be used for disaster recovery, remediation, and infrastructure construction to mitigate future disasters. It mandates that the Texas Division of Emergency Management develop and implement the program and adopt rules for its administration. The bill also details the requirements for applicants, including documentation of disaster impact and eligibility for federal assistance programs. The act is set to take effect 91 days after the legislative session concludes.

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