No. SB 7040
Emergency Preparedness and Response Fund/Executive Office of the Governor; Re-creating the Emergency Preparedness and Response Fund within the Executive Office of the Governor; specifying that moneys are appropriated to the Emergency Preparedness and Response Fund by the Legislature or pursuant to a specified provision; requiring that federal reimbursements of state emergency expenditures be deposited in a separate account within the fund; prohibiting moneys in the fund from being used to purchase aircraft, boats, or motor vehicles, etc.
Plain English Summary
AI-GENERATEDThe bill re-creates the Emergency Preparedness and Response Fund, which expired in February 2026, and sets a new termination date of July 1, 2028.
It prohibits using fund money to buy aircraft, boats, or vehicles, though short-term leases for emergency response remain allowed.
Federal reimbursements must go into a separate account and can only pay off prior invoices, not be spent on new costs.
The Division of Emergency Management must submit quarterly reports to legislative leaders detailing cash balances, federal reimbursements, and asset inventories.
AIRe-establishes the fund within the Executive Office of the Governor after its constitutional termination on February 17, 2026.
AIProhibits using fund moneys to buy aircraft, boats, or motor vehicles, but explicitly allows short-term leases for emergency response.
AIRequires federal reimbursements to be deposited in a separate account and restricts their use to paying only prior outstanding invoices.
AIMandates the Division of Emergency Management to submit quarterly reports to legislative leadership detailing cash balances, federal reimbursements, and asset inventories.
AISets a fixed termination date of July 1, 2028, and directs the fund's review under a specific statutory section.