States Are Often Describes as a Linchpin Between Federal Government

question 14

Essay

States are often describes as a linchpin between federal government policies and programs, and actions at the local level. Describe how states interact with both federal and local governments, as well as non-profits and other organizations in their efforts to reduce vulnerability to natural hazards.

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Definitions:

Cancellation Option

A contract clause that allows a party to terminate the agreement under certain conditions before its natural end.

Lease Payment

Periodic payments made by a lessee to a lessor for the use of an asset.

Net Advantage to Leasing

A financial concept that compares leasing to purchasing, calculating the costs saved or incurred over the lease term.

Equipment Cost

The total expenditure incurred to purchase, install, and make operational a piece of equipment.