§ 30-15-10 - Financing – Disaster emergency funding board established.
SECTION 30-15-10
§ 30-15-10 Financing – Disasteremergency funding board established. – (a) It is the intent of the general assembly and declared to be the policy ofthe state that funds to meet disaster emergencies shall always be available.
(b) A disaster emergency funding board is hereby established,composed of the president of the senate, the speaker of the house, and thechairpersons of the senate and house finance committees.
(c) It is the legislative intent that the first recourseshall be to funds regularly appropriated to state and local agencies. If thegovernor finds that the demands placed upon these funds in coping with aparticular disaster are unreasonably great, with the concurrence of thedisaster emergency funding board, he or she may make funds available bytransferring and expending moneys appropriated for other purposes or may borrowfor a term not to exceed two (2) years from the United States government or anyother private source.
(d) Nothing contained in this section shall be construed tolimit the governor's authority to apply for, administer, and expend any grants,gifts, or payments, in aid of disaster prevention, preparedness, response, orrecovery.