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FEMA forgives Ike loan - The Galveston County Daily News : Local News

December 21, 2014

FEMA forgives Ike loan

Posted: Wednesday, August 21, 2013 12:20 am

GALVESTON — The Federal Emergency Management Agency has informed the city that it will forgive a $5 million loan made to Galveston after Hurricane Ike.

The cancellation means that the city will not have to pay back the principal or accrued interest from the Community Disaster Loan it received in 2009.

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