ST. THOMAS — Senators approved an anticipated $300 million loan from the Federal Emergency Management Agency on Friday.

Many senators decried a condition that has put the repayment of the FEMA money on par with repayment of other loans the government has taken out. In financial jargon, FEMA declined to take a subordinate lien, meaning that in the event of a default by the government, FEMA will be among the government’s top creditors that have to be paid.

— Contact Brian O’Connor at 340-714-9130 or email boconnor@dailynews.vi.