Catastrophic Event Account - Transfer of Funds - State Disaster Recovery Fund

Authorizing the transfer of funds from the Catastrophic Event Account to the State Disaster Recovery Fund if the balance of the Fund has been depleted due to use or transfer or the estimated costs for providing adequate disaster relief for a natural disaster or catastrophic situation are in excess of the Fund's balance; and providing the Legislative Policy Committee has 10 days to review and make comments before the Governor may transfer certain funds from the Account through budget amendment.