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so who gets the funds? will it be the home owner or the biz owner? i say the biz. so how much is in the fund account?
NEW YORK (CNNMoney) -- The Federal Disaster Relief Fund, the pot of money used to help communities and individuals hit by disasters, is nearly depleted. That's bad news for victims of both Hurricane Irene and other disasters like the tornadoes that hit earlier this year.
when a cat 4 or 5 does hit, not a matter of if but when, whose hand will be filled first?
Federal Emergency Management Agency Administrator Craig Fugate said Monday that the agency's fund has fallen to less than $800 million. With less that $1 billion on hand, the agency is only authorized to pay for emergency repairs. That means that long-term projects, like rebuilding roads, schools and other damaged structures in the tornado-ravaged southeastern states and Joplin, Mo., will have to wait.
so now you better be ready to pay for rebuilding or repairs on your own only state and fed roads, and buildings will get the funds. well the east coast has been told your not FEMA backed.
Federal Emergency Management Agency Administrator Craig Fugate said Monday that the agency's fund has fallen to less than $800 million. With less that $1 billion on hand, the agency is only authorized to pay for emergency repairs. That means that long-term projects, like rebuilding roads, schools and other damaged structures in the tornado-ravaged southeastern states and Joplin, Mo., will have to wait.