Friday, August 13, 2010
FEMA Increases Funding For May Flooding
KENTUCKY...
Governor Steve Beshear announced today that the Federal Emergency Management Agency (FEMA) will increase its funding to the Commonwealth in support of the May flooding and severe storms federal disaster.
FEMA is amending the standard cost-share arrangement for disaster assistance Under the new agreement, the Public Assistance Program is expanding to 90 percent of total eligible costs to help pay for emergency measures and to repair, restore or replace public facilities damaged or destroyed by the May severe storms, flooding and mudslides.
Under the typical cost-share program, FEMA Public Assistance funds 75 percent of the cost for eligible work by state and local governments and certain nonprofit organizations that provide public services. The remaining 25 percent non-federal share comes from state and local sources. The state manages the grants for all projects.
# posted by Homer Owens @ 6:57 AM 
