United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Oversight, Investigations, and Emergency Management
Published: 1999
Total Pages: 66
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"Now, coupled with increasing the authorization for mitigation funding, is the subcommittee's obligation to make sure that mitigation funding goes to the most effective projects available. We need to make sure that we are getting the most bang for each mitigation buck. The [Disaster Mitigation and Cost Reduction Act of 1999] requires that mitigation spending be cost effective. This requirement has historically and rightfully been interpreted to mean that grant proposals must undergo a cost-benefit analysis. This analysis not only helps the government screen out potentially bad projects, but it also allows decision makers to compare possible projects so that even among a group of good projects authorities can pick the very best ones to fund"--Page 1.