2012 Session

Budget Amendments - HB30 (Committee Approved)

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Anticipation Loans for Disaster Relief (language only)

Item 398 #1h

Item 398 #1h

Public Safety
Emergency Management, Department of

Page 293, after line 12, insert:
"E.  Consistent with any Executive Order signed by the Governor, the Secretary of Finance or his designee may provide the department anticipation loans in such amounts as may be needed to appropriately reimburse the department for disaster related costs.  Such loans shall be based on the federal reimbursements anticipated in accordance with the Robert T. Stafford Disaster Relief and Emergency Assistance Act and, notwithstanding the provisions of § 4-3.02 b of this act, may be extended for a period longer than twelve months, if necessary."

(This amendment provides authority for the issuance of anticipatory revenue loans from the state treasury to the Department of Emergency Management (VDEM). While VDEM is still compiling Virginia's costs from Hurricane Irene, the Federal Emergency Management Agency (FEMA) has yet to inform VDEM about the length of FEMA's review process or how long it may be before reimbursement is made. All costs associated with disaster relief are now required to be compiled by a state prior to submission to FEMA. Without the ability to secure the anticipatory revenue loan, the process of compiling costs and awaiting reimbursement could affect agency operations.)