Former Secretary of State James A. Baker, III, announced the details of the Bush Clinton Coastal Recovery Fund on Wednesday, Sept. 24, from the Baker Institute at Rice University. In a video broadcast, Baker, who is chairman for the fund, emphasized the fund would "focus instead on the long-term infrastructure needs of the affected coastal communities" rather than short-term relief.
The recovery fund, initiated by former Presidents George H.W. Bush and Bill Clinton, will support communities in Galveston and the greater Gulf Coast region impacted by hurricanes and tropical storms during the summer of 2008. Modeled after the partnerships formed to aid areas affected by Hurricanes Katrina and Rita in 2005, as well as the 2004 South Asian tsunami, the fund had raised more than $1 million as of mid-October, according to The Houston Chronicle.
"Having two presidents, one from each party, coming together like this during election season, I think will give us a unique platform to reach a global audience," Baker said.
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