According to a press release from Noack's office, the plan is funded by $105 million deposited by the federal government as part of the Coronavirus Aid, Relief and Economic Security Act. The press release states the plan will send each homestead property owner who completes an application process a $500 stimulus check.
"We need a boost in the local economy to assist our families which in turn will help our small businesses,” Noack said.
To qualify for the stimulus funding, applicants must own a homestead in Montgomery County as of Jan. 1, apply between July 1 and Aug. 15, and be current on property taxes.
The press release indicates Noack is working with the Montgomery County attorney's office to finalize details on the application process and timeline.
Montgomery County renters can apply for aid by calling the Montgomery County Development Office at 936-538-8060.
Noack's office states the remaining $40 million in federal coronavirus funding will be used for direct coronavirus costs both currently and in the future.
Noack's plan was originally proposed in an April 27 announcement.