Texas Gov. Rick Perry has proposed the creation of a $50 million Disaster Contingency Fund to help state and local governments respond to public emergencies.
“As we have learned from disasters like hurricanes Katrina and Rita, as well as recent wildfires and floods, we can never be too prepared,” Perry said.
The fund would help pay to pre-position state resources before anticipated disasters, reimburse local governments for disasters that aren’t declared federal disasters, provide upfront funding to some smaller jurisdictions, and pay federal matching fund obligations required for reimbursement from the Federal Emergency Management Agency.
The fund, if approved by legislators, would take effect Sept. 1 and would be distributed by the governor’s emergency management division.
Was this article valuable?
Here are more articles you may enjoy.
Typhoon Season in Northwest Pacific Seen Most Active in a Decade
Hedge Funds Make Their Move as Litigation Finance Assets Slump
Half of Pilots Killed in US Accidents Tested Positive for Drugs
Sabotage Threats Have Put Europe’s Power Networks on Alert