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Office of Disaster Recovery says $23.9 billion of recovery dollars remain accessible; $93.1M of recovery line used to advance projects
Summary
ODR reported obligations and expenditures tied to 2017-storm recovery programs, said a $100 million recovery line of credit has supported contractor payments and that obligations and spending are accelerating in fiscal 2025.
The Office of Disaster Recovery told senators Feb. 18 that recovery funding tied to the 2017 storms has grown substantially, and that the office is using a dedicated line of credit to bridge vendor payments as projects move through design and construction.
Adrian Williams Octalin of ODR said the territory’s total available recovery dollars have increased from an $8 billion estimate to about $23.9 billion across all programs; obligations rose from $4.8 billion in 2021 to…
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