Tag: gulf coast electric cooperative
The Federal Emergency Management Agency (FEMA) announced this week that it has approved two additional grants totaling $42,865,280 to reimburse recovery expenses in Florida for Hurricane Michael in 2018. Funding from FEMA’s Public Assistance program...
These grants are funded by FEMA’s Public Assistance program, an essential source of funding for communities recovering from a federally declared disaster or emergency. The Florida Division of Emergency Management (FDEM) works with FEMA during all phases of the program and reviews projects prior to FEMA final approval.
On Friday, Dunn introduced the proposal which will “reimburse local governments and electric cooperatives for interest incurred on loans used to restore essential functions after natural disasters since the “interest paid on emergency loans is often a cost passed on to taxpayers and ratepayers alike.”