Second Regular Session H.B. 2183
COMMITTEE ON FINANCE
SENATE AMENDMENTS TO H.B. 2183
(Reference to printed bill)
Strike everything after the enacting clause and insert:
"Section 1. Title 26, chapter 1, article 1, Arizona Revised Statutes, is amended by adding section 26-106, to read:
26-106. Flood damage fund
A. the flood damage fund is established consisting of MONIES APPROPRIATED BY THE LEGISLATURE. the department of emergency and military affairs shall administer the fund. Monies in the fund are CONTINUOUSLY appropriatED.
B. iNSURED Individuals may receive REIMBURSEMENT from the flood DAMAGE fund if the following requirements are met:
1. The insured filed for reimbursement UNDER THE insured'S homeowner's insurance policy and was denied.
2. The insured fileD for reimbursement from a federal program.
C. aN insured INDIVIDUAL may receive up to $100,000 for REIMBURSEMENT.
Sec. 2. Appropriation; flood damage fund
The sum of $10,000,000 is appropriated from the state general fund in fiscal year 2022-2023 to the flood damage fund established by section 26-106, Arizona Revised Statutes, as added by this act."
Amend title to conform