CBS News - January 29, 2013
LONG BEACH, N.Y. (CBSNewYork) — President Barack Obama on Tuesday night signed the $50.5 billion Sandy relief package into law.
Obama also designated storm relief funding as an emergency requirement.
The bill sends $50.5 billion in federal aid to 12 states hit by Sandy.
The allotments break down thusly:
• $11.5 billion to replenish disaster relief funds from the Federal Emergency Management Agency;
• $10.9 billion for transit systems;
• $5.4 billion to rebuild and protect coastlines;
• $16 billion in community grants for businesses and homeowners.
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