H.B. No. 5 is a legislative bill that appropriates a total of $324 million from the economic stabilization fund for disaster relief and preparedness initiatives in Texas. Specifically, it allocates $200 million to the Trusteed Programs within the Office of the Governor for matching federal disaster funds and addressing state disaster needs. Additionally, $50 million is designated for local grants to assist various counties in implementing flood warning systems and related equipment following a disaster declaration due to heavy rainfall and flooding. Furthermore, $24 million is allocated for improving meteorological forecasting and flood management in the Texas Hill Country.

The bill also includes contingent appropriations related to emergency communications. If H.B. 3 or similar legislation is enacted, $50 million will be allocated to the Texas Interoperability Council for enhancing emergency communication systems. Conversely, if such legislation fails, the same amount will be redirected to the comptroller for immediate deposit into the emergency radio infrastructure account, which will then fund the governor's interoperable radio communications program. The bill stipulates that existing limitations, reporting, and transfer provisions from previous General Appropriations Acts will apply to these appropriations. The act is set to take effect immediately upon receiving a two-thirds vote from the legislature.