Disaster Management Costs Modernization Act

Bill 119 hr 744, also known as the "Disaster Recovery Reform Act," aims to amend section 324 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act. The main goal of this bill is to provide incentives for States, Indian Tribes, and Territories to efficiently close disaster recovery projects.

One key provision of the bill is the authorization for the use of excess funds from closed disaster recovery projects for management costs related to other disaster recovery projects. This means that if a state, tribe, or territory successfully completes a disaster recovery project under budget, they can use the leftover funds to cover the administrative costs of other ongoing or future disaster recovery projects.

By allowing for the reallocation of excess funds, this bill seeks to streamline the disaster recovery process and encourage responsible financial management by state and tribal governments. This could potentially lead to more efficient and effective use of resources in responding to and recovering from disasters. Overall, the Disaster Recovery Reform Act aims to improve the management and execution of disaster recovery projects by providing financial incentives for states, tribes, and territories to close projects in a timely and cost-effective manner.