A BILL TO BE ENTITLED
AN ACT to enact the disaster recovery act of 2025 – part i.
The General Assembly of North Carolina enacts:

PART I. TITLE and scope OF ACT
SECTION 1.1.  Title. – This act shall be known as "The Disaster Recovery Act of 2025 – Part I."
SECTION 1.2.  Maximum Amounts; Effectuate Savings. – The appropriations and allocations made in this act are for maximum amounts necessary to implement this act. Savings shall be effected where the total amounts appropriated or allocated are not required to implement this act.
SECTION 1.3.  Scope. – Unless otherwise provided, Section 2 of this act applies to the North Carolina counties in the affected area, as defined in Section 1.4 of this act.
SECTION 1.4.  Definitions. – Unless otherwise provided, the following definitions apply in this act:
(1)	Affected area. – The counties designated before, on, or after the effective date of this act under a major disaster declaration by the President of the United States under the Stafford Act (P.L. 93‑288) as a result of Hurricane Helene.
(2)	Helene Fund. – The Hurricane Helene Disaster Recovery Fund established in Section 4.1 of S.L. 2024‑51.
(3)	SERDRF. – The State Emergency Response and Disaster Relief Fund established in G.S. 166A‑19.42.

PART II. SERDRF Transfer
SECTION 2.  Transfer of Disaster Relief Funds. – Notwithstanding G.S. 143C‑4‑2, the State Controller shall transfer the sum of five hundred million dollars ($500,000,000) from the SERDRF to the Helene Fund.

PART III. Effective date
SECTION 3.  This act is effective when it becomes law.