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KY HB1

KY HB1
AN ACT relating to disaster relief, making an appropriation therefor, and declaring an emergency.


summary

Introduced
08/24/2022
In Committee
08/26/2022
Crossed Over
08/26/2022
Passed
08/26/2022
Dead
Signed/Enacted/Adopted
08/26/2022

Introduced Session

2022 Special Session

Bill Summary

Create a new section of KRS Chapter 39A to establish the East Kentucky State Aid Funding for Emergencies (EKSAFE) fund; amend KRS 39A.305 to provide that moneys in the West Kentucky State Aid Funding for Emergencies (WKSAFE) fund shall carry forward until June 30, 2026; provide that financial assistance to cities, counties, and school districts for realized revenue losses shall be limited to 100% of the lost revenue in fiscal year 2022-2023, 66% of the lost revenue in fiscal year 2023-2024, and 33% of the lost revenue in fiscal year 2024-2025; provide that moneys reimbursed to the Commonwealth after June 30, 2026, shall be deposited into the Budget Reserve Trust Fund; allow the waiver of up to 15 student attendance days for days missed by school districts through January 20, 2023, that are located in the Presidential Declaration of a Major Disaster and impacted by the July 2022 storms and flooding in the eastern Kentucky region; APPROPRIATION; EMERGENCY.

AI Summary

This bill establishes the East Kentucky State Aid Funding for Emergencies (EKSAFE) fund to provide financial assistance for areas in eastern Kentucky impacted by the July 2022 storms and flooding. It amends the existing West Kentucky State Aid Funding for Emergencies (WKSAFE) fund to expand eligibility and extend the time period for reimbursements and carryforward of funds. The bill appropriates $200 million to EKSAFE, as well as additional funds for various disaster relief efforts, and allows for waivers of student attendance days and other flexibilities for impacted school districts. It also requires regular reporting on the funds' expenditures. Overall, this bill aims to support recovery and relief efforts in the regions affected by these recent natural disasters in Kentucky.

Committee Categories

Budget and Finance

Sponsors (27)

Last Action

House Committee Substitute - House Committee Substitute 1 (on 08/26/2022)

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