U.S. GRANTS TO HELP FEND OFF FLOODING; WATER WILL BE SHUNTED TO RIVER.Byline: Teresa Jimenez Daily News Staff Writer City and federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve will help pay for a $3.7 million drainage system Noun 1. drainage system - a system of watercourses or drains for carrying off excess water system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a in the Live Oak Springs Canyon area to prevent flood problems in the future, U.S. Rep. Howard P. ``Buck'' McKeon announced Monday. McKeon said in a statement that $1.35 million in federal grant money had been approved for the flood control project in Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, . The money will be administered by the Governor's Office of Emergency Services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' . The Live Oak Springs Canyon area has had flooding problems for years, said Mayor Jan Heidt, who lives in the rustic canyon region on the city's eastern edge. Without proper drainage, runoff Runoff The procedure of printing the end-of-day prices for every stock on an exchange onto ticker tape. Notes: If the "tape is late" then it can take a long time to print off all the closing prices. has typically flooded Sand Canyon Road and caused some access problems, Heidt said. ``It's been going on for years,'' Heidt said. ``I think you can always get through if you wait long enough. But it does need improvements.'' The funds, given through the Federal Emergency Management Agency's Hazard Mitigation Grant Program, will be used for the construction of an underground drain system and debris basin to move water runoff from the Live Oak Springs Canyon area to the Santa Clara River Santa Clara River may refer to:
``It's always much better to spend a little bit of money up front to prevent flooding than to spend a lot after the flood damage has occurred,'' McKeon said in a statement. The city will contribute $2.4 million for the project. The flooding problems in the Live Oak Springs Canyon area came to the community's attention in 1992, said David Foy, press secretary for McKeon. This year's storms also created problems in the area, he said. ``Right now, there's not a good drainage system there,'' Foy said. ``This would create a drainage system.'' |
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