make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

No-interest Irene loan for 2 NC counties

READ MORE:

RALEIGH, N.C. (AP) - Gov. Beverly Perdue is making a no-interest
state loan available to repair two schools and other public
buildings in Tyrrell and Pamlico counties damaged during Hurricane
Irene last August.

Perdue authorized the 15-year loan from a fund set aside to pay
severance to state employees laid off last year.

County commissioners will be required to maintain flood
insurance. Perdue says flood insurance carried by the school
systems in the two counties lapsed, making them ineligible for full
assistance from the Federal Emergency Management Agency.

Hurricane Irene made landfall on the North Carolina coast as a
Category 1 hurricane in late August. Low-lying areas along Pamlico
Sound like Bayboro were flooded under a storm surge of eight to 10
feet. Bayboro's middle school and high school were damaged.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
CAPTCHA
Please re-enter the code shown in the image below.