Fed to track superstorm Sandy aid money spending

Fed to track superstorm Sandy aid money spending

Posted: Updated:

TRENTON, N.J. (AP) -- U.S. Housing and Urban Development Secretary Shaun Donovan says the federal government plans to track how "every dollar" of Superstorm Sandy aid money is spent.

Donovan says accounting and transparency measures similar to those used to track Recovery Act spending will be employed.

Donovan was in Sea Bright with Gov. Chris Christie Thursday to check on recovery efforts in the battered seaside town.

Earlier Thursday, the Assembly budget committee passed two proposals to impose additional oversight on Sandy aid.

New Jersey received word of a $1.8 billion allocation this week.

Proposals passed Thursday impose additional oversight on recovery funds. One authorizes the appointment of integrity monitors.

Gov. Chris Christie says he's working with Comptroller Matt Boxer to devise a monitoring system.

  • Your Money

  • HommeMystere

    Wednesday, May 22 2013 2:35 PM EDT2013-05-22 18:35:57 GMT
    When it comes to breaking through to the other side, forget Victoria's Secret. Another company, Australia-based HommeMystere, has already done it with lingerie for men.
    When it comes to breaking through to the other side, forget Victoria's Secret. Another company, Australia-based HommeMystere, has already done it with lingerie for men.
  • Wednesday, May 22 2013 12:48 PM EDT2013-05-22 16:48:36 GMT
    High-tech businesses from other states and abroad that move to college campuses or nearby in New York would operate completely tax-free for 10 years.
    High-tech businesses from other states and abroad that move to college campuses or nearby in New York would operate completely tax-free for 10 years.
  • Wednesday, May 22 2013 10:04 AM EDT2013-05-22 14:04:00 GMT
    Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
    Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices