A bill to provide for funding assistance under section 406 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5172) to a State or local government for the acquisition of real property for the purpose of the replacement of certain public facilities based on reasonable reliance of cost estimates provided by the Federal Emergency Management Agency.

Directs the Administrator of the Federal Emergency Management Agency (FEMA) to provide funds under the Robert T. Stafford Disaster Relief and Emergency Assistance Act to a state or local government to replace a public facility that was damaged as a result of Hurricane Katrina or Hurricane Rita if: (1) the extent of the damage would require the replacement of that facility based on a cost estimate provided by FEMA; (2) that government acquired real property for such replacement based on reasonable reliance on that estimate; and (3) such funds would otherwise be available to that government for that facility in accordance with such Act.