Washington, DC -- President Clinton, announced that the Administration will seek an additional $304 million in FY2000 to help affected states recover from flooding and other damage caused by Hurricane Floyd. The supplemental funding would bring to more than $6 billion the amount of federal grants and loans made available to the affected states.
Highlights by Major Agency/Activity in FY2000 Floyd Supplemental
- Federal Emergency Management Agency (FEMA): $77 million
to fully fund all eligible buyouts of damaged homes in the 100-year flood
plain (another $215 million was appropriated for this purpose last year).
- Small Business Administration (SBA): $51 million supplemental
appropriation for loan subsidy and administrative costs so SBA may respond
fully to Hurricane Floyd (an amount that will support an additional $141 million
- Economic Development Agency (EDA): $25 million supplemental
appropriation to enable EDA to work with development districts and states
to plan long-term economic development and recovery in areas affected by Hurricane
Floyd. With the additional funding, EDA will issue planning and technical
assistance grants to development districts, provide revolving loan funds to
capitalize economic development loans made by local organizations, and provide
infrastructure repair and improvement grants.
- National Oceanic and Atmospheric Administration (NOAA):
$13 million to make payments to fishermen affected by Floyd and other hurricanes
($11 million) and to repair a NOAA facility ($2 million) in North Carolina.
- Army Corps of Engineers (ACE): $19 million to address dredging
and emergency navigation work related to Hurricane Floyd. Also, the ACE?s
FY2001 budget provides $2 million for restoring beaches in North Carolina.
- Interior: $11 million is requested for: the U.S. Geological
Survey ($2 million) to repair and replace stream monitoring equipment and
structures, the Fish and Wildlife Service ($5 million) to repair damaged and
destroyed property, and the National Park Service ($4 million) to replace
damaged structures, facilities, and other park infrastructure.
- Defense: $27 million to fund repair costs to facilities affected by Hurricane Floyd, including buildings, roads, and other infrastructure.
- Authorization language will be proposed to allow $50 million
in previously appropriated Emergency Conservation Program funds to be used
for repairing farm structures and equipment damaged by Hurricanes Floyd or
Dennis, or Tropical Storm Irene.
- The Administration will request forgiveness of up to $81 million in USDA commodity price-support lo...