See this article Moody’s: FEMA’s Decision About California Dam Is a Signal to States and Localities.
I expect politics will enter into the decision-making process. With that in mind, it might not be looking good for California given the expressed animosity between the president and the new governor of California — on other topic areas.
Clearly, the president is a quid-pro-quo type of guy who sees many issues via a transactional relationship. You do this to me and watch what I do to you!
Good luck, California!
