FEMA finds extra disaster aid money just in time

September 27, 2011 - 5:05 PM

WASHINGTON (AP) — The Federal Emergency Management Agency this week has found about $40 million to refill disaster aid accounts and now expect the relief fund to stay solvent until at least Friday, the end of the budget year.

The agency had to hunt through every financial nook and cranny to find extra money with its disaster relief fund about to run dry and Congress at an impasse on proposals to refill aid accounts.

The newfound money was left over from projects to rebuild infrastructure from disaster damage that occurred before August's Hurricane Irene.

As of Tuesday, FEMA had about $175 million available and spends an average of about $35 million a day.