To quote Larry Kudlow: Free market capitalism is the best path to prosperity! Matters of business and free enterprise are discussed on this blog. Included are company press releases, 3rd party news articles and videos, articles and videos pertaining to small business, and white collar crime.
Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Obama's disaster declaration issued for the Commonwealth of Kentucky.
Assistance for the Commonwealth and Affected Local Governments Can Include as Required:
Payment of not less than 75 percent of the eligible costs for debris removal and emergency protective measures, including direct federal assistance, taken to save lives and protect property and public health. Emergency protective measures assistance is available to state and eligible local governments on a cost-sharing basis. (Source: FEMA funded, commonwealth administered.)
Payment of not less than 75 percent of the eligible costs for repairing or replacing damaged public facilities, such as roads, bridges, utilities, buildings, schools, recreational areas and similar publicly owned property, as well as certain private non-profit organizations engaged in community service activities. (Source: FEMA funded, commonwealth administered.)
Payment of not more than 75 percent of the approved costs for hazard mitigation projects undertaken by state, tribal and local governments to prevent or reduce long-term risk to life and property from natural or technological disasters. (Source: FEMA funded, commonwealth administered.)
How to Apply for Assistance:
Application procedures for the commonwealth and local governments will be explained at a series of federal/commonwealth applicant briefings with locations to be announced in the affected area by recovery officials. Approved public repair projects are paid through the commonwealth from funding provided by FEMA and other participating federal agencies.
FEMA’s mission is to support our citizens and first responders and ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards.