Emergency fund

“ General discontent would probably ensue, and a serious quarrel take place between the general and the state governments. Foreigners, who would view our situation narrowly before they lent their money, would certainly be less willing to risk it on such contingencies as these, than if they knew there was a direct fund for their payment, from which no ill consequences could be apprehended. The difference between those who are able to borrow, and those who are not, is extremely great. Upon a critical emergency, it may be impossible to raise the full sum wanted immediately upon the people. ”

“ The American National Red Cross should have a large sustaining membership to enable it to create a thoroughly efficient organization and at the same time to accumulate an Emergency Fund to meet immediately the first relief work after any sudden disaster in any of the States or Territories. ”

“ In general.—For each calendar quarter in fiscal year 2009 or 2010, the Secretary shall make a grant from the Emergency Fund to each State that— `` (I) requests a grant under this subparagraph for the quarter; and `` (II) meets the requirement of clause (ii) for the quarter. `` (ii) Caseload increase requirement.—A State meets the requirement of this clause for a quarter if the average monthly assistance caseload of the State for the quarter exceeds the average monthly assistance caseload of the State for the corresponding quarter in the emergency fund base year of the State. ”

“ Provided further, That in the event that short-term borrowing has been conducted and the emergency or the contingency reserve funds are later depleted below 50 percent as a result of an emergency or contingency, an amount equal to the amount necessary to restore reserve levels to 50 percent of the total amount of funds contained in both the emergency and contingency reserve fund must be replenished from the amount borrowed within 60 days. ”

“ The Citizens’ Relief Committee, composed of their first citizens, has the Honorable S. C. Miles, Mayor of Marion, as Chairman, and Mr. Albert G. Woods, as Treasurer. In conclusion, the emergency may be thus summed up: Our prospects are very discouraging. Money is superlatively required. It must be had if human lives are to be saved. The final analysis of the case reads thus: Food or starvation, life or death. Only with money can the evil be averted. It would be unreasonable to expect more from the Red Cross fund. ”

“ It seems to me probable that the money arising from duties and excises will be, in general, sufficient to answer all the ordinary purposes of government; but in cases of emergency, it will be necessary to lay direct taxes. In cases of emergency, it will be necessary that these taxes should be a responsible and established fund to support the credit of the United States; for it cannot be supposed that, from the ordinary sources of revenue, money can be brought into our treasury in such a manner as to answer pressing dangers ”

“ If such an emergency arises, there now exists no clear and undoubted executive power of relief. Heretofore the redemption of 3 per cent bonds, which were payable at the option of the Government, has afforded a means for the disbursement of the excess of our revenues; but these bonds have all been retired, and there are no bonds outstanding the payment of which we have a right to insist upon. The contribution to the sinking fund which furnishes the occasion for expenditure in the purchase of bonds has been already made for the current year, so that there is no outlet in that direction. ”

“ Small Business Administration BUSINESS LOANS PROGRAM ACCOUNT For emergency expenses for the cost of loan subsidies and for loan modifications as authorized by section 203 of this Act, for disaster recovery activities and assistance related to the terrorist acts in New York, Virginia, and Pennsylvania on September 11, 2001, for `Business Loans Program Account', $75,000,000, to remain available until expended, to be obligated from amounts made available in Public Law 107-38. ”

“ The Red Cross is always there for us; now we need to be there for them. You may be surprised to know that, as big as it is, the Red Cross receives no government funding; it is entirely dependent on private contributions for support. Just since the beginning of July, the Red Cross has spent a record $48 million responding to emergencies, and they are quite simply running out of funds. So, they are launching an emergency disaster relief campaign, and they've set a fund-raising goal of $20 million. ”

“ We provide for resources — $350 billion for emergency funding for state, local, and territorial governments. Now, we got 340 million people in America. We got a big country.
And — and so what’s happened is a lot of states have decided that they — because they have to balance their budgets — they can’t — they can’t continue to spend the same amount of revenue they were spending before. And what’s happening is a lot of — everything from firefighters to school teachers to a whole range of people are being laid off. We’re short 6,000 teachers, firefighters. ”

“ Now in the past, Presidents and Congresses of both parties have treated unemployment insurance for what it is – an emergency expenditure. That’s because an economic disaster can devastate families and communities just as surely as a flood or tornado. ”

“ If, for fiscal year 1991, 1992, 1993, 1994, or 1995, appropriations for discretionary accounts are enacted that the President designates as emergency requirements and that the Congress so designates in statute, the adjustment shall be the total of such appropriations in discretionary accounts designated as emergency requirements and the outlays flowing in all years from such appropriations. `` (ii) The costs for operation Desert Shield are to be treated as emergency funding requirements not subject to the defense spending limits. ”

“ Definition.— In this section, the term ``public-private investment fund ́ ́ means a financial vehicle that is— (1) established by the Federal Government to purchase pools of loans, securities, or assets from a financial institution described in section 101 (a) (1) of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5211 (a) (1) ) ; and (2) funded by a combination of cash or equity from private investors and funds provided by the Secretary of the Treasury or funds appropriated under the Emergency Economic Stabilization Act of 2008. ”

“ The allocation of funds should be based on an assessment of threats and vulnerabilities.That assessment should consider such factors as population, population density, vulnerability,and the presence of critical infrastructure within each state. In addition, the federal government should require each state receiving federal emergency preparedness funds to provide an analysis based on the same criteria to justify the distribution of funds in that state. In a free-for-all over money, it is understandable that representatives will work to protect the interests of their home states or districts. ”

“ Out of the funds of the Reconstruction Finance Corporation made available by this Act, the Administrator is authorized to make grants to the several States to aid in meeting the costs of furnishing relief and work relief and in relieving the hardship and suffering caused by unemployment in the form of money, service, materials, and/or commodities to provide the necessities of life to persons in need as a result of the present emergency, and/or to their dependents, whether resident, transient, or homeless. ”

“ It may seem inconsistent for a government to cut down its regular expenses and at the same time to borrow and to spend billions for an emergency. But it is not inconsistent because a large portion of the emergency money has been paid out in the form of sound loans which will be repaid to the Treasury over a period of years ”

“ The heads of such agencies shall, as appropriate, develop emergency plans, programs, and regulations, in consonance with national emergency financial and stabilization plans and policies, to cope with potential economic effects of mobilization or an attack, including, but not limited to, the following:
(1) Money and credit. Provision and regulation of money and credit in accordance with the needs of the economy, including the acquisition, decentralization, and distribution of emergency supplies of currency ”

“ HOW NEW YORK RAISED FUNDS FOR ITALY The experience of the New York State Branch in raising relief funds for a considerable number of disasters shows that several simple but indispensable things must be done in order to ensure adequate contributions—adequate, that is to say, to the emergency needs, and, as it will no doubt interest many Red Cross members to know what these things are and how they have been done, a brief description of the last appeal is offered. ”

“ The cost of these events can be measured in lost lives and livelihoods, lost homes and businesses, and hundreds of billions of dollars in emergency services and disaster relief. And Americans across the country are already paying the price of inaction in higher food costs, insurance premiums, and the tab for rebuilding. ”

“ Effort should be made to locate projects where they will serve the greatest unemployment needs as shown by present relief rolls, and the broad program of the National Resources Board should be freely used for guidance in selection. Our ultimate objective being the enrichment of human lives, the Government has the primary duty to use its emergency expenditures as much as possible to serve those who cannot secure the advantages of private capital. ”

“ PRIVATE SECTOR PREPAREDNESS. It is the sense of Congress that the insurance industry and credit-rating agencies, where relevant, should carefully consider a company's compliance with standards for private sector disaster and emergency preparedness in assessing insurability and creditworthiness, to ensure that private sector investment in disaster and emergency preparedness is appropriately encouraged. ”

“ USE OF FUNDS— Such funds shall be used to carry out a community revitalization strategy in areas for which the President, pursuant to title IV or V of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, declared that a major disaster or emergency existed for the purposes of such Act, as a result of the civil disturbances involving acts of violence occurring on or after April 29, 1992, and before May 6, 1992. ”

“ Men and women who lost their jobs and businesses destroyed by the tornadoes will be paid to serve at relief centers, to distribute food and water, to help on construction crews. They'll be able to feed their families by rebuilding their communities.
I'm also announcing today that I'll ask Congress for an additional $372 million for FEMA's disaster relief fund. These resources are crucial for our disaster relief efforts, and I urge Congress to act quickly on my request. ”

“ The American people have trusted their government with an unprecedented -- unprecedented level of funding to address the economic emergency we face. In return, we have to prove to them that their dollars are making a difference in their communities. ”

“ Because of the extent of the damage, I have just approved $8.6 billion in emergency disaster assistance for the people of California to help them rebuild roads and other public structures, to fix gas lines, provide small business loans, and help pay the expenses of people who have lost their homes. Many have lost everything. With $900 million in aid already on the way, the total payment nears $10 billion, the largest Federal disaster assistance ever. ”

“ New applications involving urgent need for relief in kind should be referred direct to the Bureau of Special Relief. Applications on file requiring an immediate money grant should be referred to a sub-committee consisting of the chairmen of Sub-committees I, IV, and VI. Applications for emergency checks should be made in writing by the chairman of the committee in which the application was filed.
2. Necessity for economy. Close economy should be urged on the ground that there would be no money to expend in excess of the amounts actually required. ”

“ The budgets of the Federation and the Länder shall in principle be balanced without revenue from credits. The Federation and Länder may introduce rules intended to take into account, symmetrically in times of upswing and downswing, the effects of market developments that deviate from normal conditions, as well as exceptions for natural disasters or unusual emergency situations beyond governmental control and substantially harmful to the state’s financial capacity. ”

“ It pays down our national debt at a record rate. It sets aside nearly a trillion dollars in a contingency fund for future needs and emergencies. And we still have surplus money left over for broad, fair, responsible tax relief. ”

“ Federal funding is also available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency protective measures and hazard mitigation measures statewide. ”

“ It is well known that nothing will so effectively prevent a panic that is impending, or check one that has already begun, as the assurance that the institutions involved stand ready to meet any demands that may be made upon them. A run could hardly originate on a bank, believed to be solvent, were it known that it could obtain at any moment all the money needed for the emergency. An element of certainty and stability would, by this protection, be given to all banks, and through them to all solvent and legitimate business institutions, which is now sadly lacking ”