Sec. 206. Reimbursement agreements and conditions
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Section 311 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5154 ) is amended to read as follows: Assistance may only be provided under this Act with respect to damage caused by a major disaster or emergency within the borders of a State if a State has agreed to reimburse the United States for all expenses incurred by the United States in providing such assistance. Such assistance, including a loan or advance made under section 319, shall be repaid to the United States.
Assistance provided under this Act with respect to which a State agrees to reimburse the United States for all expenses incurred in providing such assistance, including loans and advances made under this Act, shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current market yields on outstanding marketable obligations of the United States with remaining periods of maturity comparable to the reimbursement period of the reimbursable assistance provided.
The President shall issue regulations describing the terms and conditions under which any reimbursable assistance, loan, or advance authorized by this Act may be provided. .
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Sec. 206
Reimbursement agreements and conditions
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