S. 1766, The Louisiana Katrina Reconstruction Act (5 comments ↓)
- This item is from the 109th Congress (2005-2006) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
S. 1766 would appropriate funds in 2006 for Community Development Block Grants, HOPE IV (public housing grants), HOME (affordable housing grants), and a new Louisiana Redevelopment Fund; to establish the Pelican Commission to protect the Louisiana coastal area from future flooding and to restore wetlands; for the Louisiana Department of Transportation to construct, repair, and expand roads, transit, and ports in Louisiana; to financial institutions with mortgagees who cannot make mortgage payments due to the disaster; to Louisiana for mitigation measures aimed at flood prevention; for infrastructure and economic assistance to affected utilities; for increased federal matching payments and assistance to states for the Medicaid program; and for payments to certain coastal states to share half of the receipts generated from oil and gas leases on the Outer Continental Shelf. In addition, S. 1766 would increase tax exempt financing by creating ¿Hurricane Katrina Disaster Bonds.¿ S. 1766 would also require the Secretary of the Interior to convey a portion of the Outer Continental Shelf to Louisiana and direct the President to pay the wages of certain local government employees who participate in the recovery effort.