H149 - Disaster Recovery Act of 2024. (SL 2024-51)

• Transfer funds between the Clean Water Reserve and the Drinking Water Reserve accounts in the Water Infrastructure Fund to provide emergency loans to local governments for wastewater and drinking water system projects. Emergency loans awarded to a local government unit under this section may exceed the statutory cap of $3 million per fiscal year, as well as the statutory cap of $3 million over three consecutive fiscal years that applies to targeted interest rate projects.
• Authorize local government units within the affected areas^[1] that were appropriated funds for wastewater or drinking water projects under previous legislation to use those funds for mitigating or remediating disaster-related damages, and for temporary measures that allow for the preservation or restoration of wastewater or drinking water service.

This section became effective October 10, 2024.

^[1] An "affected area" is defined in S.L. 2024-57 as "[t]he counties designated before, on, or after the effective date of this act under a major disaster declaration by the President of the United States under the Stafford Act (P.L. 93-288) as a result of Hurricane Helene."