Emergency Response (SB 2B)

This bill creates the Local Government Emergency Bridge Loan Program w/in the Department of Economic Opportunity which will provide one year (which can be extended) interest-free loans to eligible local governments (who demonstrate financial need) impacted by Hurricane Ian and/or Nicole through the end of fiscal year 2024. The bill will also appropriate $650 million (from the General Revenue fund) to the Governor’s Emergency Response and Preparedness Fund.