Assembly Bill 580 establishes a disaster assistance grant program administered by the Department of Military Affairs (DMA) for individuals and businesses affected by disasters declared by the governor on or after January 1, 2025. The bill allows for grants of up to $25,000 for individuals to cover eligible disaster-related expenses, such as repairing or replacing personal property, home repairs by approved contractors, and temporary housing assistance. For businesses, grants can be up to $50,000 to address expenses related to property damage, necessary repairs, payroll assistance, and other operating costs. To qualify, applicants must submit receipts for eligible expenses, apply within 90 days of the disaster declaration or the bill's effective date, and sign an affidavit regarding any insurance or other assistance received.

The bill also stipulates that no grants will be awarded if federal aid is available for the same disaster, and DMA is not obligated to provide grants if sufficient funds are not available. Additionally, the DMA is empowered to request supplemental funding from the Joint Committee on Finance if it anticipates a need for more resources to meet grant requests. The bill aims to provide timely financial support to those impacted by disasters while ensuring that assistance is not duplicated through other federal programs.