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 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 documentation required for applicants.

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 the Texas Division of Emergency Management to develop an application process and adopt rules for the program's implementation. The account will consist of appropriated funds, loan repayments, and donations, and it allows the division to solicit additional funding. The act is set to take effect 91 days after the legislative session concludes.

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