§ 99-QQ — Hazard mitigation state revolving loan fund

* § 99-qq. Hazard mitigation state revolving loan fund. 1. There is\nhereby established in the joint custody of the state comptroller and the\ncommissioner of taxation and finance a fund to be known as the "hazard\nmitigation revolving loan fund".\n 2. The fund shall consist of all moneys appropriated therefore, all\nmoneys received by the state pursuant to a capitalization grant from the\nfederal emergency management agency in accordance with the Safeguarding\nTomorrow through Ongoing Risk Mitigation Act of 2020 (STORM Act) (P.L.\n116-284), payments of principal and interest on loans made from the\nfund, and interest earned on amounts in the fund.\n 3. Moneys of the account, when allocated, shall be available to the\ncommissioner of the Division of Homeland Security and Emergency Services\nto make loans pursuant to section seven hundred nineteen of the\nexecutive law.\n * NB There are 2 §99-qq's\n