The "Chaverim" Jewish assistance organization reported many people were trapped in flooded vehicles, and that numerous basements were totally under water.
Some 300 campers and their families are fervently hoping it will still be there by next year.
A 3.7 magnitude earthquake was felt along the Sea of Galilee on Friday, at 11:51 AM.
Finance Minister Moshe Kahlon signed the approval on Wednesday.
The Kinneret region has been hit by a number of earthquakes over the past few weeks.
According to the Geophysical Institute of Israel (GII), the quake registered 3.2 on the Richter scale.
Are Israel’s emergency services ready for the Big One?
Israel is overdue for "the big one" -- a major earthquake is expected in the region about every 80 to 100 years.
Software engineer Yuval Zalmanov set out from Israel with 17 Maxtech radio units and trained emergency crews in using the technology.
This was only a small earthquake.
The quakes struck an area southwest of Tiberias, just north of Kafr Kama at a depth of five kilometers. There were no reports of physical injuries.
The third earthquake today (plus an aftershock).
Two 4.1 earthquakes were felt up north early Wednesday morning.
“Joint teams from Israel and one of the neighboring countries are de-seeding the clouds entering Iran."
"The siren is transmitted via telephone. We got the call, and immediately after the house began to shake."
"The whole city became Venice. Everything is flooded, the playground, there are ten cars stuck in the puddles."
Due to the unusual weather patterns, the Israel Nature and Parks Authority announced closures of the tourism and hiking trails at Nahal Darga and Nahal Qumran.
One reporter likened the scene -- only 30 miles southwest of Guatemala City, the capital -- to that of Pompei.
Foreign Ministry officials are working with Guatemalan authorities to determine whether Israeli search and rescue teams are needed.
At least 62 people were confirmed dead by early Tuesday and a total of two million people were affected in what is being called the biggest eruption of the volcano in 40 years.
Search and rescue personnel have spent the past two days searching for Ayman Jaber of Taibe.
The 3 earthquakes were on the Jordanian side of the Dead Sea.
The trip organizers wrote: "Don't worry, we are well prepared for the trip, and the course has it coordinated with the appropriate authorities. It will be fun, wet, and full of great memories."
The Police asked the public avoid locations where security forces are carrying out weather-related operations, because it "could endanger the lives of the curious and interfere with the activity of the forces."
“The State of Israel grieves for the promising young lives that were cut off by the grave disaster in the Arava. We embrace, with pain, the grieving families, and pray for the speedy recovery of the wounded.”