Senate Bill 557 proposes the establishment of two grant programs under the Department of Military Affairs to provide disaster assistance. Specifically, the bill allocates $10,000,000 for a disaster assistance grant program aimed at individuals and $20,000,000 for a grant program targeting businesses for the 2025-26 fiscal year. This funding is intended to support those affected by disasters, ensuring that both individuals and businesses have access to necessary financial resources during challenging times.

To implement these programs, the bill creates new statutory sections 20.465 (3) (bf) and 20.465 (3) (bg), which outline the biennial funding for the respective grant programs. The bill does not propose any deletions from current law, focusing solely on the introduction of these new provisions to facilitate disaster assistance in Wisconsin.