GAO-04-72 September 11: Overview of Federal Disaster Assistance To
United States General Accounting Office GAO Report to Congressional Requesters October 2003 SEPTEMBER 11 Overview of Federal Disaster Assistance to the New York City Area GAO-04-72 October 2003 SEPTEMBER 11 Overview of Federal Disaster Assistance Highlights of GAO-04-72, a report to to the New York City Area congressional requesters The federal government has been a An estimated $20 billion of federal assistance has been committed to the key participant in the efforts to New York City area through FEMA, HUD, DOT and the Liberty Zone tax provide aid to the New York City benefits. While plans for use of $1.16 billion in HUD funds have not been area to help it respond to and finalized, $18.47 billion have been committed for the following four recover from the September 11 purposes: terrorist attacks. The President pledged, and the Congress Initial response efforts, which includes search and rescue operations, subsequently authorized, about $20 debris removal, emergency transportation, and utility system repairs, totaled billion in federal aid. This federal $2.55 billion. The largest single amount—$1 billion—has been set aside for aid was provided primarily through the establishment of an insurance company to cover claims resulting from four sources: the Federal debris removal operations. Emergency Management Agency Compensation for disaster-related costs and losses, which includes aid (FEMA), the Department of to individuals for housing costs, loans to businesses to cover economic Housing and Urban Development losses, and funding to the city and state for disaster-related costs, totaled (HUD), the Department of about $4.81 billion.
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