Appropriates $406,459 for the 2015-16 fiscal year and $406,459 for the 2016-17 fiscal year from the General Fund to the Department of Public Safety to provide salary adjustments for the retention of employees in the Division of Emergency Management (Division). Effective July 1, 2015.

Directs the Legislative Research Commission (Commission) to study if there is a need to assess an emergency management preparedness and response fee on each homeowner's property insurance policy to be used to fund the operations of the Division. Provides that the Commission may submit a report of its findings and recommendations to the 2015 General Assembly, prior to the convening of the 2016 Regular Session.