§ 719. Loans for eligible hazard mitigation activities. 1. The
commissioner may make loans to local governments for eligible hazard
mitigation activities, as defined in the STORM Act and corresponding
federal regulations, to reduce disaster risks for homeowners,
businesses, non-profit organizations, and communities subject to
available funds for such purpose pursuant to section ninety-nine-qq of
the state finance law.

2. The commissioner may make loans under this section subject to such
other terms and conditions of the STORM Act, and related federal and
state rules, regulations, policies and guidelines.