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  H.B. No. 3222
 
 
 
 
AN ACT
  relating to eligibility for a loan under the disaster recovery loan
  program.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 418.062, Government Code, is amended to
  read as follows:
         Sec. 418.062.  ELIGIBILITY FOR LOAN. A political
  subdivision may apply to the division for a loan under this
  subchapter if:
               (1)  the political subdivision:
                     (A)  is located wholly or partly in an area
  declared to be a disaster area by the governor or the president of
  the United States; and
                     (B)  before applying to the division for a loan
  under this subchapter:
                           (i)  has submitted to the division, within
  30 [15] days of the date of its adoption by the governing body of the
  political subdivision, the political subdivision's operating
  budget for the most recent fiscal year; and
                           (ii)  has submitted an application for a
  loan from the Federal Emergency Management Agency's community
  disaster loan program;
               (2)  an assessment of damages due to the disaster for
  which the declaration was made has been conducted in the political
  subdivision; and
               (3)  the division, in consultation with the Federal
  Emergency Management Agency, determines that the estimated cost to
  rebuild the political subdivision's infrastructure damaged in the
  disaster is greater than 50 percent of the political subdivision's
  total revenue for the current year as shown in the most recent
  operating budget of the political subdivision submitted to the
  division under this section.
         SECTION 2.  The change in law made by this Act applies only
  to an application for a loan that is filed on or after the effective
  date of this Act. A loan application filed before that date is
  governed by the law in effect on the date the application was filed,
  and the former law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2023.
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.B. No. 3222 was passed by the House on May 2,
  2023, by the following vote:  Yeas 133, Nays 11, 3 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.B. No. 3222 was passed by the Senate on May
  16, 2023, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  APPROVED:  _____________________
                     Date          
   
            _____________________
                   Governor