FLORida is the latest in a growing list of states that are taking steps to make repairs and rebuild homes and businesses as they recover from the devastating floods that ravaged the state and its surrounding areas.
While many homeowners and renters are still paying a premium for insurance, Florida lawmakers are taking a different approach to the problem, allowing property owners to recover costs by taking advantage of a special fund called a bonding program.
The bond program has become a model for other states to follow, allowing homeowners to take advantage of the tax revenue from repairing and rebuilding homes and other buildings to help pay for the upkeep of their homes and buildings.
But it’s not the only state that’s taken a different tack.
In California, which was hit hard by the flooding, a $10 billion bonding program for the state’s economy has become the largest such program in the country, according to the Center for American Progress, a progressive think tank.
The program, which is known as the state highway bond program, is designed to help reduce the financial burden on Californians in the wake of the floods.
But the program has come under fire from some in the California state Legislature, including the Assembly Budget Committee, which wrote in a letter to Gov.
Gavin Newsom, that it is not an effective use of the state money.
Newsom has since announced he is delaying the statewide end of the program until 2022.
The state will still receive the $10.6 billion in bonds from the program, but it will be distributed differently, with funds going to local governments, schools and hospitals instead of to the general fund, according the letter.
The bill that passed the Assembly committee Tuesday would make it easier for homeowners to collect insurance premiums and would add a new funding mechanism to the program.
Under the bill, a homeowner who is at fault in a fire or flood would be able to collect up to $10,000 in insurance premiums to rebuild and repair the home.
The Senate has yet to take up the bill.
The governor said the state is moving forward with the new bill, and he expects to sign it as soon as Tuesday.
Newsom’s office did not immediately return a request for comment.
The legislation passed the Senate committee with support from Democrats, but Republican leaders have said the bill would hurt Californians.
Newsome said he is willing to work with Democrats on a new bill to help homeowners recover the money, but he said it is unfair to force homeowners to pay for it.
“It’s the most unfair thing in the world to force people to do it,” he said.
“If you’re a homeowner and you’re not able to afford to fix your home, that’s not your fault.
That’s a private problem that you’re responsible for and we’re going to fix it.
I’m willing to help you and it’s going to be done in a bipartisan way.”
Mike Pence, a Republican, also said he would support a bill that included a $5 billion federal fund to help with reconstruction and rebuilding of damaged homes and properties.
Pence said the money would go to state and local governments.
“We’re going in the right direction,” he told NBC News.
“The way we’re doing it right now is it’s a federal disaster relief program.
So it’s funding for a variety of things that we have, including building, roads, and bridges and infrastructure and housing and a lot of the other things that are critical to our economy.”
The Senate Appropriations Committee, meanwhile, has proposed a separate bill that would require the governor to sign into law a law allowing state residents to purchase insurance policies covering repairs and rebuilding costs for their properties if they cannot pay the premium.
The House Ways and Means Committee approved the bill Tuesday, with the full House expected to vote on the measure in the coming days.