Bill > S3071

This bill, the Disaster Management Costs Modernization Act, amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to allow States, Indian Tribes, and Territories to use excess funds from their disaster recovery project management costs for other disaster recovery projects. Specifically, the bill defines "excess funds for management costs" as the difference between the amount of authorized management costs and the actual amount expended by the grantee or subgrantee. The President can then make these excess funds available to the grantee or subgrantee to be used for activities related to preparing for, recovering from, or mitigating the impacts of a major disaster or emergency. The bill also requires a Government Accountability Office (GAO) study on the actual management costs for major disasters to determine if the amount set aside for these costs is appropriate.