{"id":57886,"date":"2017-10-28T10:50:08","date_gmt":"2017-10-28T10:50:08","guid":{"rendered":"https:\/\/viconsortium.com\/?p=57886"},"modified":"2017-10-28T10:50:08","modified_gmt":"2017-10-28T10:50:08","slug":"mapp-applauds-trump-for-signing-36-5-billion-disaster-relief-bill","status":"publish","type":"post","link":"http:\/\/wp.viconsortium.com\/?p=57886","title":{"rendered":"Mapp Applauds Trump For Signing $36.5 Billion Disaster Relief Bill"},"content":{"rendered":"

Governor Kenneth Mapp on Friday applauded President Donald Trump for signing into law the $36.5 billion disaster relief bill, which covers hurricane damage in Texas, Florida, Puerto Rico and the U.S. Virgin Islands, as well as wildfires that have ravaged parts of California.<\/p>\n

Mr. Mapp said the formal approval of the funding will go a long way to help the territory bounce back from the devastation wrought by Hurricanes Irma and Maria. “We can continue rebuilding damaged infrastructure and restoring the Territory’s power system,” he said.<\/p>\n

The bill makes available $4.9 billion in low-interest Treasury loans to the USVI and Puerto Rico. In a statement issued to The Consortium on Tuesday, Mr. Mapp said<\/span><\/a> the territory would not receive less than $800 million in low-interest loans from the $4.9 billion allocation.<\/p>\n

\u201cThe $4.9 billion dollars has been set aside for revenue losses for the United States Virgin Islands and Puerto Rico. Of that amount, the Virgin Islands will receive not less than $800 million,\u201d he said.\u00a0The loans for PR and the USVI are intended to\u00a0cover disaster-related revenue losses and to avoid disruption of essential public services; it is separate from Mr. Mapp\u2019s request of $5.5 billion, which is expected to be addressed by Congress in forthcoming legislation.<\/p>\n

The loans will serve as a lifeline for the V.I. government, which has been struggling with liquidity and has been unable to access the bond market since January.\u00a0Earlier this month,<\/a>\u00a0the governor could not even ascertain that payroll would be met. But with hundreds of millions soon to become available through the federal loans, funding government operations and its critical services should be safe in the near-term.<\/p>\n

The bill includes\u00a0$16 billion in debt relief to the National Flood Insurance Program, which FEMA said would run out of money as early as this week without action by Congress. The measure also includes\u00a0$18.7 billion for FEMA (this includes the $4.9 billion in loans for PR and the USVI). The bulk of the disaster funding will go to Texas and Florida, which were affected by Hurricanes Harvey and Irma respectively. California is also expected to receive\u00a0$576.5 million for wildfires.<\/p>\n

In a letter to Mr. Mapp, U.S. Office of Management Budget (OMB) Director Mick Mulvaney, said that the long-term recovery needs of the Virgin Islands and other affected jurisdictions would be addressed in later spending legislation.<\/p>\n

\u201cThe swift Congressional action reflects Congress\u2019s recognition of the unprecedented nature and scope of the disaster, as well as Congress\u2019s willingness to assist their fellow Americans at a time of great need,\u201d the governor said.<\/p>\n

Delegate to Congress Stacey Plaskett also lauded the action, but said the territory would need much more support from the federal government to rebuild after the devastation caused by the two Cat 5 storms.<\/p>\n

\u201cI am pleased that the Senate today passed H.R. 2266 which appropriates $36.5 billion for emergency disaster relief, flood insurance assistance, and replenishes the federal firefighting accounts, but far more will be necessary for relief in areas impacted by Hurricanes Irma and Maria,\u201d Ms. Plaskett said in a release issued Tuesday. \u201cThe catastrophic destruction caused by Hurricanes Irma and Maria demands massive amounts of aid for our territory to address the diverse needs of the survivors who face the daunting task of rebuilding their lives. This $36.5 billion aid package is a second step in relief support.\u201d<\/p>\n

The $36.5 billion disaster relief loan, which follows at $15.3 billion disaster measure passed in September, brings the total spending on disasters by Congress to $50 billion, even as concerns of more funding will be needed.<\/p>\n

Mr. Mapp along with a USVI delegation that he will organize, will visit the nation\u2019s capital on November 7 and 8. While there, the governor will make his pitch to Congress on why the territory needs all the assistance it can get. The delegation will also meet with congressional leaders and members of President Donald Trump\u2019s cabinet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Governor Kenneth Mapp on Friday applauded President Donald Trump for signing into law the $36.5 billion disaster relief bill, which covers hurricane damage in Texas, Florida, Puerto Rico and the U.S. Virgin Islands, as well as wildfires that have ravaged parts of California. Mr. Mapp said the formal approval of the funding will go a […]<\/p>\n","protected":false},"author":1,"featured_media":57887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[191,147],"tags":[7525,4151,7540,906,7267,121,68],"yoast_head":"\nMapp Applauds Trump For Signing $36.5 Billion Disaster Relief Bill - V.I. 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