North Carolina 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 state money from a repair and renovation fund to make the 15-year loan Pamlico and Tyrrell counties.
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.
Topics Flood North Carolina
Was this article valuable?
Here are more articles you may enjoy.
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
First Half US P/C Industry Underwriting Gain Jumps to $31.7B 
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG 
