Introduction

The purpose of the Resilient Tennessee Revolving Loan Fund Act of 2024, T.C.A. §§ 58-02-901 to -905, is to ensure that the state is ready and able to receive federal funds from the STORM Act by establishing the Resilient Tennessee Revolving Loan Fund (RTRLF) and to authorize the necessary and proper administration of the Fund. Specifically, the Act allows the state to obtain grant money from the Federal Emergency Management Agency and any matching state funds, provide for the administration and operation of the Fund by the Tennessee Emergency Management Agency through rules and regulations, and provide for Loans and financial assistance for Projects and activities of Local Governments that mitigate the impacts of natural hazards.