- Current law requires an annual appropriation of $10 million from the Florida Hurricane
Catastrophe Fund, (Cat Fund), to provide funding for several hurricane mitigation programs.
- The “Cat Fund” is considered a trust fund under state law. The State Board of
Administration administers this trust fund. (Funding is NOT from General Revenue)
- By statute, the specified $10 million is allocated as follows:
- $3.5 million to “to improve the wind resistance of residences and mobile homes,
including loans, subsidies, grants, demonstration projects, and direct assistance; educating persons concerning the Florida Building Code cooperative programs with local governments and the Federal
Government; and other efforts to prevent or reduce losses or reduce the cost of rebuilding after a disaster.”
- $3 million for public hurricane shelters
- $2.8 million “to inspect and improve tie-downs for mobile homes”
- $700,000 “to the Florida International University center dedicated to hurricane research”
- The Mobile Home Tie-Down Program is administered by Tallahassee Community
- The Mobile Home Tie-Down Program now includes
manufactured and mobile homes on private property as well as those within parks and communities.