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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Morefield
Disaster Assistance to Hurley Virginia

Item 413 #1h

Item 413 #1h

First Year - FY2023 Second Year - FY2024
Public Safety and Homeland Security
Department of Emergency Management FY2023 $11,000,000 FY2024 $0 NGF

Language
Page 442, line 32, strike "$46,396,273" and insert "$57,396,273".

Page 441, after line 15, insert:

"F. Out of the amounts provided in this item, $11,000,000 the first year is provided to make payments to private property owners of property damaged by a flood, landslide, or mudslide following the August 2021 storm and flooding event in the vicinity of Hurley located within the County of Buchanan. Claims to eligible owners shall be paid up to 175 percent of property value based on the estimated amount of damage. Claims shall be limited to $1,000,000 for commercial properties and $500,000 for residential properties, with such claims paid receiving exemptions from applicable individual and corporate income taxes."



Explanation

(This amendment provides $11.0 million in fiscal year 2023 to provide payments to property owners whose property was damaged following the August 2021 storm and flooding event in Hurley, Virginia.)