we re thinking. there s some regular funding coming in here because we re headed out to the end of the fiscal year as it is. we ll have a supplemental request later when we get a better handle on the damage and we can come back with a responsible last so to speak supplemental request and get congress to give us an informed amount of money. the second part of the question. were there any areas where coordination has been wanting, where you have seen a need for improvement? no. at this point, the message is that coordination is happening better than any storm we ve seen before. stressing on anything that is not working well, especially from this podium will be ill informed. i ve seeing nothing but positive, appropriate coordination. if there s a problem there, brock long will get a handle on it. i don t have a negative word on coordination right now. let me ask you about the
i would try to answer that differently. we re not going to get into a position saying they re safe or not safe or asking for money right now. what we ll do is continue the controlled release. the reason the controlled release is good is it s the alternative to an uncontrolled rest release. if you don t release the water, you ll end up with the structural integrity failure. as soon as the water goes down and rapidly going down right now, we ll have some flooding for some time, but the big, large heavy masses of water that are going down and out are flowing in a way that will allowing to do an engineering assessment. if there was structural integrity problems, we ll assess that and put together a responsible number for repair and put it forth to congress. very last on that, we ll do it in a way that thinks through a mitigation perspective. you don t want to rebuild it to
can have your house flooded. just for clarity, there s people right now suffering that are looking for immediate answers. for clarity s sake, if you have a flood insurance policy and you ve been paying your premiums, call and get your claim in. there s no problem, there s no shortfall. we have enough money to meet those claims. you ll get what you have coming to you under your policy. that s the first answer from the national flood insurance program. the second one for people watching this, you have to understand that that flood insurance program is coming up to be reauthorized. it s about to expire. it has to be reauthorized. i have all the confidence that congress will reauthorize that program. the third part, how much money is left in that fund under the borrowing cap. the answer is enough. $1.86 billion to get through this round of claims and then some. it will push us to the late fall, wintertime frame when we have to discuss what the forecast projections are. the last part of y
we ll make that request based on the information that we have now. what we ll do is come back later for a second supplemental request when we have additional information that would make it more informed total for congress to consider. i d like to stop there and take a few questions. question for you. obviously some after hurricane sandy some money flowed quickly. the big bill didn t happen until two months after the hurricane hit on october 29th. the bill was signed into law on january 6. how important is it do you believe with texas for congress to get the money through faster? the president promised would happen quickly. yeah. three things here. you have to look at the health of the disaster relief fund. that was a relatively healthy fund. it had about $3.6 billion. that allowed us to get through the initial response operations that draw down rate is something that we keep an eye on. we ll need some disaster supplemental shortly. we are heading up into the end
there s a number of misnomers on that. the core operating function will be well-funded under the president s proposal. disaster relief fund that you don t plan for that you prepare for, those things will be all well-funded through that disaster relief fund. but what you will see are responsible proposals in the president s budget for some reductions in the homeland security grants. the grants, i was around for their creation. they were never meant to be permanent. we ll have to do all of this in a responsible way. you ll see not just the request for cut in money in the budget the president put forward but you ll see additional details that allow the states to responsibly develop a glide path to get off of those grants and their dependence on them over four or five years. understanding that is important for the american people to know that the president wasn t irresponsibly cutting money. he was doing something that would further empower state and