Providing for the establishment of a disaster assistance grant program, and making appropriations

The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill establishes a disaster assistance grant program (program) under the administration of the Iowa finance authority (authority) for the purpose of providing grants to Iowa homeowners whose primary residences have been damaged by a natural disaster. The bill creates a disaster assistance grant fund under the control of the authority to support the program. To be eligible to receive a grant, a homeowner’s primary residence must have sustained damage that is not covered by the homeowner’s insurance policy or by other federal or state disaster-related financial assistance. The bill requires the authority to adopt application procedures, forms, administrative guidelines, and other rules for implementing and administering the program.