Connecticut House Bill HB06677

Connecticut 2019 Regular Session

• Introduced: 1/29/19
• Refer: 1/29/19

Caption

An Act Establishing A Fund To Provide Financial Assistance To Homeowners To Address Property Damage Caused By A Natural Disaster.

Impact

If passed, HB 06677 would amend existing statutes to create a dedicated financial assistance fund for homeowners facing property damage from natural disasters. The establishment of this fund is a significant legislative step towards helping individuals cope with the financial aftermath of such events. It signals the state’s recognition of its role in disaster recovery and support for its constituents, promoting a sense of security for homeowners looking to safeguard their property investments against catastrophic losses.

Summary

House Bill 06677 aims to establish a fund that provides financial assistance to homeowners who have experienced property damage from natural disasters, specifically those not covered by insurance. The bill seeks to ensure that homeowners can access resources to recover from unexpected calamities as declared by the National Weather Service. Its introduction reflects an ongoing concern about the repercussions of natural disasters on housing stability and the financial strain they cause for affected families.

Contention

Discussions surrounding the bill are likely to raise points of contention such as the source of funding for the new financial assistance program, the eligibility criteria for homeowners seeking aid, and the overall management and distribution processes of the fund. Opponents might voice concerns about potential misuse of funds or how the program could lead to dependency rather than proactive disaster preparedness. Conversely, proponents will argue that such financial support is critical for maintaining community resilience in the face of increasing frequency and severity of natural disasters.